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Your Mortgage has reported that the number of properties listed for auction rose significantly during the week ending 26 July amid signs of a recovery in the sector a new data showed.
According to rpdata.com, Sydney recorded a total of 354 properties listed for auction this week - a 29% increase from a week ago. Out of this,173 properties were sold during auction, equating to a 69.2% clearance rate.
Melbourne saw a 17% increase to 458 properties listed for auction. Eager buyers snapped up�290 properties or 83.8% of the total offering.
Adelaide also saw a dramatic improvement in clearance rate at 78% or�25 out of 48 properties were sold during auction in the same period.
Clearance rates for week ending�26 July | |
| Sydney | 69.20% |
| Melbourne | 83.80% |
| Brisbane | 53.20% |
| Adelaide | 78.10% |
| Perth | 27.30% |
| Canberra | 71.40% |
| Tasmania | 16.70% |
Data provided by RP Data
Find more articles online at www.yourmortgage.com.au and get latest edition at your local newsagent today.
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