Home Mortgage News Bidding war intensifies as buyers battle it out at auctions

Bidding war intensifies as buyers battle it out at auctions

Published on 03 Sep, 2009

Auction activity across most capital cities continued to strengthen with the number of auctions held jumping significantly over the week ending 30 August.

Melbourne recorded a 29% increase in the number of auctions to 698. Sydney was up by 8% to 435, while Brisbane saw an increase of 18% to 98 over the same period.

Canberra achieved a 100% auction clearance rates while Melbourne and Sydney recorded 81.9% and 77.4% clearance rates respectively.

Auction results week ending 30 August

Collections: Mortgage News

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Bidding war intensifies as buyers battle it out at auctions

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