Auction Results Terms

Here are some important words you'll come across.

Auction clearance rate

The percentage of properties sold at auction on a particular week or month. It's calculated as below:

(Sold at Auction + Sold Prior to Auction) / (Total Number of Auctions + Properties Withdrawn) = Auction Clearance Rate %

Total auctions

The number of all auctions scheduled for the day, including those that were withdrawn from auction at the last minute.

Confirmed results

The number of auction results collected by Domain out of the total auctions.

Sold

Property sold under auction conditions, or prior to auction.

Withdrawn

Property did not go to auction.

Passed in

Property did not sell at auction.

 

This week’s Sydney Auction Result  shows an outstanding improvement for Sydney clearance rate with 32% growth compared to same time last year

(79%  - 7DECEMBER2019  vs  47%  -7DECEMBERB2018)

(credits to: Domain.com.au)