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Weekly auction clearance rates jump up for Adelaide

By Brett Pilgrim

Auctions are undoubtedly the greatest thrill ride on the property market, bringing together beautiful property with the exciting dramatics of the auction process. With careful planning you can easily achieve you homebuyer goals, and we hope you get as much enjoyment from the process as we do. 

That's why we're very pleased to see the latest weekly statistics from RP Data show a strong resurgence in clearance rates for auctions in Adelaide, which is a great result for both buyers and sellers on the market. According to the figures from their housing market specialist Robert Larocca released on 11 August, Adelaide's weekly auction clearance rate jumped up to 75 per cent. This is an incredibly strong showing against the other capital cities and more than double the recorded percentage result for Brisbane. 

It's a real pleasure to see so many Adelaide residents jumping into the auction house and finding the home of their dreams, whether it's a family property in the North Adelaide community or a fantasy apartment in the heart of Burnside. This healthy interest in a smaller winter auction market bodes well for the coming spring, when buyers and sellers come out in full force. This means there will be a much wider range of property on the market for investment so if you aren't ready for the market right now, don't worry – it will be ready for you! 

Real estate in Adelaide has so much to offer and we want you to find your best home, so it remains important to be financially prepared when you head to auction. Scrub up on the auction market ahead of time and prepare your budget carefully, and you'll have no problem at all joining the many Adelaideans who have been a part of this excellent auction clearance rate for the city. 

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