Brisbane's sales market

Useful facts without opinions: Brisbane’s auction market

Compared to our southern cousins Brisbane real estate agents don’t default to auction as our preferred selling method for residential property. And despite Sydney and Melbourne witnessing much cooler markets, their auctions are consistently more successful. Here’s some interesting stats from Core Logic’s latest report:

  • there were 192 auctions held in Brisbane over this past week, compared with 1021 in Sydney and 1137 in Melbourne
  • auctions of Brisbane apartments aren’t common – just 18 of the 192 were apartment auctions
  • Brisbane had more auctions than the same week a year earlier with 153 in 2017, while Sydney and Melbourne are using the method less with 1215 and 1736 auctions respectively in 2017
  • consistently lower 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 39% while Sydney’s agents sold 52% of the properties put to auction and Melbourne 44%