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
