Auction Market Comparison

According to RP Data’s Auction Market Specialist, Robert Larocca, there was over 1,600 properties set to be sold by way of public auction over this past week, significantly more compare the same time last year with only 1180.

There is clearly an upward trend in the number of properties being sold in this way however this trend may have been halted on a national level largely due to a drop in the clearance rate in Melbourne. Despite this, Sydney continues to strengthen and we might predict further increases throughout Q3 2014.

Across Australia, the highest number of auctions is expected in the northern suburbs of Melbourne where 16 are expected in Reservoir.

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