Total auctions fall but clearance rates remain strong

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The number of auctions dropped in most capital cities but the proportion of properties sold at auctions continued to remain high according to the latest data from rpdata.com.

During the week ending 6 December, total auctions in Victoria fell to 915 from 1035 a week ago. Sydney's auction listing dropped to 557 from 569 during the same period.

Auction activity is also strong in Adelaide where 49 out of 91 properties were sold at auctions, pushing its clearance rate to 53.8%. Melbourne achieved 78.4% clearance rate while Sydney remained at 72%.

Auction results: Week ending 6 December 2009

Source: www.rpdata.com

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