Auction price disclosure for just 10% of Brisbane weekend offerings

Auction price secrecy in Queensland extends beyond their auctions.

Last weekend was the second batch of auction campaigns when estate agents could be fined for giving out pre-auction price estimates.

But the price details after the 167 auction offerings last weekend on Sturday December 13 across Brisbane were still scant. 

Sadly, just the 54 results were reported to Australian Property Monitors in the Domain Group. There were just 17 actual prices, so full disclosure on 10% of the offerings.

The prices ranged from $270,000 for a three bedroom house at Archerfield to a $1,875,000 sale at 42 Birkalla Street, Bulimba (pictured above). The 17 results had just the one passed in price.

Last week, the first batch since the 1 December introduction by the Queensland Newman government, had post-auction price transparency for only six of the 140 auction offerings across Brisbane.

So there was some improvement in disclosure, which can be the foundation for 2015 fuller disclosure.

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Source: Australian Property Monitors