QLD 59% Brisbane Auction clearance

Discussion in 'Where to Buy' started by standtall, 25th Nov, 2017.

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  1. standtall

    standtall Well-Known Member

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    I know Brisbane isn’t an auction city but many of this forum readers would love to see today’s auction clearance rate.

    B8681CA7-1D41-4ED0-871B-1A3919309A73.jpeg
     
    standtall, 25th Nov, 2017
    #1
  2. MJS1034

    MJS1034 Well-Known Member

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    In Melbourne or Sydney this would be considered a bad clearance rate. As you said, Brisbane isn’t an auction city therefore I wouldn’t read too much into that.
     
    MJS1034, 25th Nov, 2017
    #2
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  3. Tom Rivera

    Tom Rivera Property Manager Business Member

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    That's a MASSIVE clearance rate for Brisbane!
     
    Tom Rivera, 26th Nov, 2017
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  4. BarneyRubble

    BarneyRubble Well-Known Member

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    Interesting to see.

    It is opposite to my experience yesterday though, I attended an auction in Kedron and there were only 4 parties there. Me, another interested couple, a nosy neighbour and the owners.
     
    BarneyRubble, 26th Nov, 2017
    #4
  5. Ricflair

    Ricflair Well-Known Member

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    Anyway to see how many were withdrawn?
     
    Ricflair, 26th Nov, 2017
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  6. standtall

    standtall Well-Known Member

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    8 withdrawn from auction. Sydney withdrawn and not reported numbers are getting scary on the other hand.
     
    standtall, 26th Nov, 2017
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  7. standtall

    standtall Well-Known Member

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    I think it’s the trend we are interested in. Sydney clearance rates are trending down while Brisbane seems to have picked up.

    When we say ‘Brisbane isn’t an auction city’, what it really means is that most of Brisbane market has not been hot enough for sellers to take properties to auctions. However, there are still many parts of Brisbane that have regular auctions so it’s definitely a very encouraging number for those suburbs (mainly 7 km inner ring).

    I don’t know what this number means for Logan or other outer areas but inner ring is super hot right now and that’s also been the feedback from people on the ground.
     
    Last edited: 26th Nov, 2017
    standtall, 26th Nov, 2017
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  8. Illusivedreams

    Illusivedreams Well-Known Member

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    Domain figures.

    Sydney and Melbourne both cleared 66% preliminary.

    Sydney and Melbourne not Vic and nsw.

    Resilience considering headwind
     
    Illusivedreams, 26th Nov, 2017
    #8