AUCTION INSIGHTS
In September we conducted more than 1,800 auctions , the highest September number ever recorded . Despite an uplift in the number of properties going to auction , we also saw an increase in the total number of people actively bidding , increasing from 4,700 people to 5,100 people . Adelaide remains our most contested market with an average of 3.5 active bidders ( compared to 2.8 nationally ). Brisbane bidding activity also remains particularly high at 3.3 active bidders
Clearance rates also remain high , despite an increase in stock levels . In September , it reached 74.5 per cent across all Ray White auctions . This is only slightly lower than August when it reached 75.6 per cent .