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RP Data: Capital City Auction Clearance Rates Increase During 2013

By Alicia Jarrett

Auction is growing in popularity as a way for Australians to sell their property nationwide, as highlighted by an RP Data survey released July 11.

According RP Data researcher Cameron Kusher, there has been an increase in auction clearance rates across Australian capital cities, with a combined clearance rate of 63.3 per cent over them all – the average clearance rates in 2011 and 2012 were recorded at 47.2 per cent and 50.2 per cent respectively.

Capital city property values also increased by three per cent during the first six months of 2013, which Mr Kusher describes as "a turnaround in fortunes for the housing market over the past six months".

In Darwin alone, the number of individual homes sold by auction over the first quarter of 2013 reached 2.8 per cent.

While private sales are still largely responsible for many of the property transactions in Australia, auction rates are slowly increasing.

Mr Kusher said that as auctions continue to become more successful, more vendors could begin suggesting this as a preferred type of property sale technique. 

If you're interested in selling your property in Darwin, get in contact with the team at Ray White Darwin. They can advise you about which type of sale suits your property the best, and help you to achieve the results you desire.

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