Bloc Property Blog

Real Estate News and Updates for Adelaide home owners and investors

Adelaide Auctions top the country

The wet weather was out in force over the weekend in Adelaide but it didn’t stop the buyers. Real estate agents across the city would have been breathing a sigh of relief when the sun shone through the clouds after torrential rain early Saturday morning, and their smiles would have gotten wider as the day wore on.

Though auction numbers were down, Adelaide auction clearance rates were the best in Australia at a very impressive 75.6% from 45 reported auctions. The national capital city weighted average was 69.4% which bettered last week at 66.6% and the 65.1% of this time last year.

Auction volumes were down across the country at a total of 1059 auctions and these numbers combined with the excellent results over the weekend are continuing to support our theory that Winter really is a good time to sell in 2014.

 

*Statistics taken from rpdata.

 

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