Auctions growing in popularity as selling method in Melbourne
Property ObserverDecember 7, 2020
While Victoria, and Melbourne especially, has always had a strong auction culture, it seems that this is growing. A recent tweet from RP Data's Robert Larocca sees a significant rise in the use of auctions over 2013. In 2012, 21% of vendors opted to have an auction, whereas in 2013 this jumped to 30.6%.
Significant rise in use of auctions to sell in 13, from 21% of sales in 12 to 30.6% (based on sales in Melb up till 30/11/13) #melbre
ā Robert Larocca (@rpdata_vic) February 4, 2014