Auction clearance rate this weekend?

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From: Peter Davidson


Anybody know what it was this weekend, 18/11/01. Melbourne and Sydney?
 
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Reply: 1
From: Les .



I heard 60% for Sydney over the weekend (source - 2GB on Monday morning).


Les


- "Eschew Obfuscation" - ;^)
 
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Reply: 1.1.1
From: Paul Roberts


An interesting tag to the MSN story re:dummy bidder vs vendor bid - here on the Gold Coast with auctions I have attended, the Auctioneer explicitly indicates that he is placing a vendor bid.
I can't really see much of a difference between a vendor bid by a bird/dog vs a dummy bid.

Regards

Rambada
 
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Reply: 1.1.1.1
From: Manny B


I agree with you Rambada, I think you get the true market value if ALL the bids came from the market & not pushed along with Vendor bids (who most of the time have an un-realistic reserve price set)... so when a property gets passed in at say $300,000 & the last genuine bid was at $250,000, it gives us un-realistic prices for the suburb & an un-realistic expectation for other Vendors looking at selling their home in the same location... That is my personal feeling...

Cheers,

Manny.
 
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Reply: 1.1.1.1.1
From: Andrew S


Melbourne was about 63% on just under 1100 properties

Mr Jolly
(aka Andrew S - there are too many Andrews)
 
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Reply: 1.1.1.1.1.1
From: Michael Croft


A bit late but Canberra was about 65% I believe. This is down a bit from sept but not bad just the same. People are still digesting the election I think.

Michael Croft
"The best parachute folders are those who jump themselves."
 
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