Auction Results Hit By Long Weekend

The latest preliminary results from APM Pricefinder show that there was a high auction clearance rate, though slightly lower than the extraordinary results from last week, but on much lower volumes thanks to the long weekend. Sydney achieved 76.6% on just 263 listings, Melbourne 76.8% on 52 listings, and Nationally, 75% on 399 listings, compared with 1,916 last weekend.  Canberra achieved 58% on 16 listings, Brisbane 56% on 57, and Adelaide did not sell any of the 11 listed (the bad weather may have something to do with this?)

apm-01-10-2016So, we really cannot drawn many conclusions from this set of results.

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Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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