Sydney and Melbourne weekly auction success rates sit at 70%-plus: RP Data

Property ObserverMay 9, 20130 min read

RP Data has updated the auction cleareance rates for the week ending May 5.

There were 1,749 capital city auctions, up from 1,658 the previous week, according to RP Data.

The combined capital city auction clearance rate was recorded at 67.7%  in the week to May 5, up from 64.5% over the previous week.

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The initial Sunday auction tally sat at 67.3% over the week ending Sunday May 5.

In Melbourne, Australia’s largest auction market, the initial clearance rate was given as 70.4% this week. And it remained there after later results were included.

In Sydney, clearance rates actually finished at 72.7% having had a preliminary 72.4% for the week ending May 5.

Property Observer

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