Auction activity remains strong in Melbourne

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Property price growth might be easing, but buyers remained active in Melbourne as shown by the latest auction results from rpdata.com.

During the week ending 14 March 2010, a total of 410 properties out of 650 were sold at auction, resulting in 81.7% clearance rates.

However, the recent rate hikes started to be felt in Sydney with auction clearance rates now sitting at 68.9%, down from the high 70's recorded a month ago.
The same trend is occurring in Brisbane. Despite a high number of properties up for grabs, clearance rates remain low at 39.8%.

Auction results for week ending 14th March 2010



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