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National auction results continue to improve

Looking at the residential and commercial sectors separately, both performed positively with the residential sector showing 17.6% growth in ‘Lots Sold’ for the month (21.3% for the quarter and 8.1% for the year), with increases recorded for the ‘Percent Sold’ and the ‘Amount Raised’ as well.

The commercial sector saw the ‘Amount Raised’ soar by 105% with all other metrics for the month and quarter figures increasing, though the year on year figures were generally slightly down.

David Sandeman, Managing Director said:

"The trend we have seen emerging over the past few months continues with a strong set of figures below.

"Whilst reports coming from the private treaty market are that the market is slowing and many properties are remaining unsold, the auction market is bucking the trend with increasing number of lots selling."

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