Auction clearance rates fly in Canberra, Sydney and Melbourne

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Growing confidence among buyers and sellers triggered strong results at auctions in Sydney, Melbourne and Canberra according to the latest data from rpdata.com.

During the week ending 2 August, auction clearance rate in Canberra jumped to 94.4%. This is a dramatic gain from the previous week when clearance rates were at 71.4%. Sydney recorded another strong clearance rate of 76.1% up from 69.2% a week ago while Melbourne delivered a healthy 87.5%, up from 83.8% from the previous week.

 

Clearance Rate Total Auctions RP Data Auction Results Sold Prior To Auction Sold At Auction  Sold After Auction Passed in W/drawn
63.0%  30  27 1 15 1 10 0
47.2% 67 53 8 13 4 25 3
94.4% 22 18 1 16 0 1 0
87.5%  414 345 66 235 1 42 1
12.5% 14 8 0 1 0 6 1
76.1% 258 205 31 118 7 38 11
37.5%  12 8 0 1 2 2 3

 

Source: www.rpdata.com

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