Auction Clearence Rates have gone through the roof in Sydney, Melbourne and Canberra
August 8th, 2009 | 
Amazing Auction Clearence rates for properties sold recently. The property auction recently indicates pick up in activity and shows investors are coming back into the market.
Growing confidence among buyers and sellers triggered strong results at auctions in Sydney, Melbourne and Canberra according to the latest data from rpdata.com.
During the week ending 2 August, auction clearance rate in Canberra jumped to 94.4%. This is a dramatic gain from the previous week when clearance rates were at 71.4%. Sydney recorded another strong clearance rate of 76.1% up from 69.2% a week ago while Melbourne delivered a healthy 87.5%, up from 83.8% from the previous week.
Clearance Rate Total Auctions RP Data Auction Results Sold Prior To Auction Sold At Auction Sold After Auction Passed in W/drawn
63.0% 30 27 1 15 1 10 0
47.2% 67 53 8 13 4 25 3
94.4% 22 18 1 16 0 1 0
87.5% 414 345 66 235 1 42 1
12.5% 14 8 0 1 0 6 1
76.1% 258 205 31 118 7 38 11
37.5% 12 8 0 1 2 2 3
Source: www.rpdata.com
Property Investors, Property Wealth Creation 
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