Auction vs private treaty .In sydney , only 30 % of sales occur via auction

With all the hype about increasing auction clearance rates ( yep , I've been guilty of this ) it was interesting to see this article about auction vs private treaty .

On of the interesting facts is that in sydney , only 30 % of sale occur via auction . Prior to seeing that , I would have thought the percentage as much higher .

Cliff
 
IMHO any statistic that relates to "Sydney" is meaningless, because "Sydney" is so big in area and diverse in demographic.

Might as well talk about "Australia".

In some areas, auction is the norm; other places, private treaty is the norm.
 
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