In my regular Monday 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 71% on 108 results, but that there were 24 results 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 69% from 113 results (see below table).
Curiously, the number of reported auctions rose by 5 only, yet the number of auctions with “no result” fell by 16, and the number of postponed auctions rose by one only. Somewhere along the way, 10 auctions have disappeared, which in fairness to the REIV is probably because they 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 lacklustre clearance rate of only 61% from 175 auctions reported. However, there were 33 auctions listed as “no result”, which throws the accuracy of this clearance rate into doubt (see next table).
