Sydney and Melbourne are still cranking along with both cities clearing over 75% of their listings on the weekend. Brisbane’s clearance rate is significantly lower, but one has to remember that Brisbanites don’t like auctions so most properties are listed by private treaty. Here’s a snapshot from Saturday the 1st of March 2014.
Sydney
| No. Listed Auctions | 681 |
| No. Reported Auctions | 414 |
| Sold | 359 |
| Withdrawn | 20 |
| % cleared | 83% |
| Total Sales | $349,084,700 |
| Median | $965,000 |
Melbourne
| No. Listed Auctions | 1110 |
| No. Reported Auctions | 800 |
| Sold | 613 |
| Withdrawn | 6 |
| % cleared | 76% |
| Total Sales | $425,685,600 |
| Median | $732,000 |
Brisbane
| No. Listed Auctions | 101 |
| No. Reported Auctions | 6 |
| Sold | 2 |
| Withdrawn | 0 |
| % cleared | 33% |
| Total Sales | $692,500 |
| Median | SNR |
About the Author
Since 2008, David Thomas has built a business aimed at servicing the needs of property investors, owner occupiers and small business owners. David is recognised as one of the top 10 independent mortgage brokerages in the country, David and his team have settled almost billions of dollars worth of residential and investment loans over the last decade.
Known for his straightforward, relatable style, David believes by educating people about property funding; they fare better in the market. By sharing his expertise openly, some of the people he educates will likely become his clients. It's a win-win approach.
David Thomas is a credit representative (Representative Number 506153) of BLSSA Pty Ltd, ACN 117 651 760 (Australian Credit Licence 391237).