In Monday’s auction results post, I noted that last weekend’s preliminary auction clearance rate, as reported by the Real Estate Institute of Victoria (REIV), was a solid 69% on 204 results, but that there were 48 results (19% of total auctions) missing, which would likely bring the final figure down once those missing results were chased-up (see below table).
Last night, the REIV published its final clearance rate, which fell to 67% from 231 results (see below table).
Curiously, as happened last week, the number of reported auctions rose by 27, yet the number of auctions with “no result” fell by 41, and the number of postponed auctions rose by one only. Somewhere along the way, 13 auctions have disappeared, which hopefully only reflects the fact that the REIV overestimated the overall number of auctions in the first instance.
The Real Estate Institute of New South Wales (REINSW) also released their auction results for the weekend, which revealed a reasonable clearance rate of 63% from 142 auctions reported, with 6 auctions listed as “no result” (see next table).
