Auction clearance rates and the market insights they offer
Understanding auction clearance rates, usually in Sydney, Melbourne and to a lesser extent Brisbane, can indicate whether they’re seller or buyer markets, and much more.
By analysing auction clearance rates and related metrics, market participants, usually for the Sydney and Melbourne markets, can make informed decisions about buying and selling properties (Image source: Shutterstock.com)
Auction clearance rates are a valuable tool in understanding the dynamics of Australia's largest real estate markets. Superficially, they’re a barometer for assessing the strength of the property market in Sydney, Melbourne and, to a lesser extent, Brisbane. But the real value comes when we dig deeper. By analysing clearance rates alongside other factors such as listing numbers and withdrawn auctions, we can gain a more comprehensive understandin…
