Brisbane auction market in recovery: Pete Wargent

| Jul 26,2015

| 1 min read

Strong auction results again this weekend, according to CoreLogic-RP Data.

For Sydney the preliminary clearance rate across the city this week increased, rising to 82.7 per cent from 79.7 per cent last week and 75.4 per cent at the same time last year.

Sydney's reported clearance rate remains stronger than that of any other capital city.

There remain sub-regions across Sydney where the clearance rate remains above the 90 per cent mark.

These include Ryde, the Eastern Suburbs, the Inner West, and the City and Inner South.

Meanwhile, the Brisbane market continues to recover.

This week the Brisbane preliminary auction clearance rate was 66.0 per cent, compared to 60.2 per cent the previous week and just 44.7 per cent last year.

It's has been a long, slow recovery since 2010/11.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Tags:

Auctions Brisbane

Love this article?

Republish this article on your website for free

Republish this article

Republish This Article

Feel free to publish this article on your website. We just ask that you do not edit the article and ensure that the author is correctly attributed! Just copy the code below into your CMS.

By copying the code below you are adhering to all our guidelines

<h2> Brisbane auction market in recovery: Pete Wargent</h2>

<html><body>
<p><span>Strong auction results again this weekend, according to</span><em> CoreLogic-RP Data</em><span>.</span><br><br><a href="https://2.bp.blogspot.com/-caVr-pJicB0/VbQb_HcnQzI/AAAAAAAAXKk/JsLhEF8qZZI/s1600/RP1.jpg"><img width="580" height="435"  src="https://2.bp.blogspot.com/-caVr-pJicB0/VbQb_HcnQzI/AAAAAAAAXKk/JsLhEF8qZZI/s640/RP1.jpg" width="640" height="334"></a><br><br></p>
<div><span><span>For </span><span>Sydney </span><span>the preliminary clearance rate across the city this week increased, rising to 82.7 per cent from 79.7 per cent last week and 75.4 per cent at the same time last year. </span></span></div>
<div><span><span> </span></span></div>
<div><span><span>Sydney's reported clearance rate remains stronger than that of any other capital city.</span></span></div>
<div><span><span> </span></span></div>
<div><span><span>There remain sub-regions across Sydney where the clearance rate remains above the 90 per cent mark.</span></span></div>
<div><span><span> </span></span></div>
<div><span><span>These include Ryde, the Eastern Suburbs, the Inner West, and the City and Inner South.</span></span></div>
<div><span><span> </span></span></div>
<div><span><span>Meanwhile, the Brisbane market continues to recover.</span></span></div>
<div><span><span> </span></span></div>
<div><span><span>This week the </span><span>Brisbane</span><span> preliminary auction clearance rate was 66.0 per cent, compared to 60.2 per cent the previous week and just 44.7 per cent last year.</span></span></div>
<div><span><span> </span></span></div>
<div><span><span>It's has been a long, slow recovery since 2010/11.</span></span></div>
<p> </p>
<div class="separator"><a href="https://3.bp.blogspot.com/-qsVHoPCWUXc/VbQb-AUpx4I/AAAAAAAAXKc/zSNHH6l3TB0/s1600/RP2.jpg"><img width="580" height="435"  src="https://3.bp.blogspot.com/-qsVHoPCWUXc/VbQb-AUpx4I/AAAAAAAAXKc/zSNHH6l3TB0/s640/RP2.jpg" width="640" height="314"></a></div>
<p> </p>
</body></html><p>
This article is republished from
<a href="https://www.urban.com.au">Urban.com.au</a> under a Creative Commons
license. Read the <a href="https://www.urban.com.au/expert-insights/buying/44432-july-27-brisbane-auction-market-in-recovery-pete-wargent">original article</a>.</p>