Auction clearance rates jump in Perth and Brisbane

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The growing confidence in Perth's property market fuelled a massive jump in auction clearance rates according to rpdata.com.

In the week ending 9 August, 62.5% of properties in Perth were sold via auction- a massive increase from 12.5% clearance rate a week ago. Brisbane also recorded a strong improvement in clearance rate at 55.2% - up from 47.2% in the previous week. Sydney and Melbourne continue to report strong numbers at 76.5% and 84.4% respectively.

 

City Clearance rate total auctions RP data auction results sold prior to auction sold at auction sold after auction passed in w/drawn total auctions cleared auctions uncleared auctions
Adelaide 59.1% 32 22 3 10 0 9 0 Adelaide 13 9
Brisbane 55.2% 110 67 19 17 1 24 6 Brisbane 37 30
Canberra 75.0% 14 8 1 5 0 2 0 Canberra 6 2
Melbourne 84.4% 447 392 68 258 5 59 2 Melbourne 331 61
Perth 62.5% 8 8 1 3 1 3 0 Perth 5 3
Sydney  76.5% 243 37 37 146 3 47 10 Sydney 186 57
Tasmania 100.0% 7 2 2 2 0 0 0 Tasmania 4 0


                           
                          
Source: www.rpdata.com

 

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