March 04 Auction Clearance Rates

[Aceyducey]

I thought this may interest some people.

Please note: All tables are copyright Australian Property Monitors 2004. Data may not be stored in any way shape or form electronic or otherwise. Permission is granted for single publication of the following tables on the basis that the tables are attributed as "Source: www.homepriceguide.com.au (http://www.homepriceguide.com.au) (02) 9339 8200."


Home Price Guide
House & Unit Auction Results by City (March 2004)



City..........Number....Number...Clearance...Value.....Median
.............Auctioned...Sold.......Rate....Sold($M)....Price
Adelaide........236.......151........63%.....$43.2m...$293,750
Brisbane........239.......114........47%.....$50.6m...$420,000
Canberra.........77........37........48%.....$20.8m...$562,500
Gold Coast......150........49........31%.....$22.4m...$337,500
Melbourne......2014......1063........52%....$406.5m...$380,000
Newcastle........47........28........57%.....$13.3m...$488,000
Perth............68........31........44%.....$28.2m...$653,750
Sydney.........1560.......806........45%....$679.4m...$726,000

Source: www.homepriceguide.com.au (http://64.4.48.250/cgi-bin/linkrd?_lang=EN&lah=9044943e852f3155b20f1a8d548ce113&lat=1081466511&hm___action=http%3a%2f%2fwww%2ehomepriceguide%2ecom%2eau%2f) (02) 9339 8200.

Copyright Australian Property Monitors 2004.
Based on provisional auction results reported to APM as at 5 April 2004.
Properties sold with an undisclosed price are excluded from the median price calculation.

Cheers,

Aceyducey

[ger]

I wonder if anyone has these stats
for march 03
i am more interested in median price than
clearance rates thanks

[Aceyducey]

I wonder if anyone has these stats
for march 03
i am more interested in median price than
clearance rates thanks
Ger,

Median prices for auctions are not an indication of median prices for property.

And they may be an entirely different basket of properties. One year all the properties may be in better established suburbs, the next year it might be predominantly outer city fringe.

Really it doesn't provide any useful information at all EXCEPT on the types of properties being auctioned versus city median prices.

Cheers,

Aceyducey

[JumJones]

Lies, Damn Lies and Home Price Guide Auction Median statistics.

Seriously people, like AceyDucey wrote, make sure that when you are looking at statistics you understand exactly what they represent.

I find it interesting that Perths median for auctions was $653,750. What the hell is going on over there? Sounds like a lot of high end properties for sale, would love to see a bell curve on this one.

jj

[jahn]

Hi Jum Jones
But do you realise how good that information is. It includes Newcastle. :D
Does all that info mean there were more people optimistic about the selling price, compared to the buyers who were after bargains. ?
Total of 1264.4 million dollars worth of sales. Is that good. It looks good. Thats a lot of property. Is that more than last year or less.

I like your quote. - "make sure that when you are looking at statistics you
understand exactly what they represent."
jahn

[rich ando]

I find it interesting that Perths median for auctions was $653,750. What the hell is going on over there? Sounds like a lot of high end properties for sale, would love to see a bell curve on this one.

jj

jj

this a reflection of sales tactics used in perth...generally only high end properties are actioned hence the high figure. Properties around or below the median house price are never auctioned.

Richard

[Peter 14.7]

Lies, Damn Lies and Home Price Guide Auction Median statistics.

Seriously people, like AceyDucey wrote, make sure that when you are looking at statistics you understand exactly what they represent.

jj

Especially when as I understand it withdrawals are NOT included in the auction numbers. In NSW I saw a paper's comment that the 45% did not include about 150 withdrawals.

Add these to the figures people! Peter 147 :)