The number of properties sold in an auction surged in the week ending 13 September as many Australians went on a buying spree according to a new data from www.rpdata.com.
Auction clearance rates in all capital cities rose above 68% lead by Melbourne achieving 84.2% clearance rate. Brisbane recorded a solid increase of 40% in the total number of auctions, while Melbourne saw a 41% jump in the number of auctions. There were fewer properties up for grabs in Canberra and Perth, but auction clearance rates were strong at 80% and 76.9% respectively.
Auction results: week ending 13 September
Source RP Data
Collections: Mortgage News