Brisbane's sales market

Useful facts without opinions: Brisbane’s auction market

Compared to our southern cousins Brisbane’s real estate professionals aren’t big proponents of auction as a selling method for residential property. Here’s some interesting stats from Core Logic’s latest report:

  • there were 120 auctions held in Brisbane over this past week, compared with 718 in Sydney and 923 in Melbourne
  • auctions of Brisbane apartments aren’t common – 108 of the 120 auctions in our city were for houses
  • those numbers were similar to the same week a year earlier, with 117, 856 and 1091 auctions respectively in 2017
  • Brisbane’s number of auctions is consistently lower and so too is our clearance rate or the percentage that sell at auction (many do go on to be sold after auction but aren’t included in this stat)
  • this past week Brisbane had a clearance rate of 49% while Sydney’s agents sold 74% of the properties put to auction and Melbourne 71%

Brisbane real estate