Auction activity lifted in September

September was a strong start to the spring selling season.

Across the country, Ray White scheduled 2,242 auctions in September which was slightly up on August and the same time last year. The clearance rate also rose to 60 per cent, an increase on the August clearance rate.

Crucially, the number of registered and active bidders also rose between August and September. Last month, the group recorded 4.2 average registered bidders and 2.5 active bidders per auction nationally.

Vendors who chose to sell under the hammer achieved 10.81 per cent more on average than if they’d sold prior to auction in September - an increase on the rate in August.

One of the standout sales of the month was in Sydney. Ray White Upper North Shore agent Coco Cui Roskam sold 3 Biara Pl, Turramurra for $5.42 million after four of the five registered bidders got involved. Ms Roskam sold the five bedroom property to a young family upsizing.

In Adelaide, Ray White North Adelaide principal Rachel Lawrie topped the bidder board for the month with 34 registered bidders attending 9 Century Ct, Paralowie. The five bedroom home sold for $783,000 and broke the suburb record for a house sale. Ms Lawrie has consistently kept her personal average registered bidder number in the double digits, recording 12 on average last month.