Auction continue to deliver results

There were only 171 auctions listed in Sydney on the October long weekend but the clearance rate improved to 72.5 per cent from 62 per cent last week.
On the same weekend last year, 46 per cent of 146 properties listed for auction sold on the day.
In Melbourne, 72 per cent of 569 residential properties put up for auction were sold, an improvement on last year when 60 per cent of 499 properties sold.
There were 28 auctions held in Adelaide with 54 per cent resulting in sale. In Brisbane, 50 per cent of 45 properties sold at auction on the weekend.

Source: Australian Property Monitors

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