Brisbane's 19% auction clearance is flattering, outlet says

That matters for anyone pricing Queensland stock against local resales. Our earlier report, Brisbane clears 21.4% of 145 reported auctions, showed the city already at the bottom of the capitals on Cotality’s early count. This post points to a weaker underlying read, though it is one outlet’s view in a caption, not a published data release.

The post’s conclusion is that conditions will keep favouring buyers, and it advised sellers and agents to expect that. We have not independently tested that forecast, and the post does not say which auctions were postponed or how many.

The post also promotes a Real Estate Business podcast and YouTube episode on property management businesses. That promotion is unrelated to the auction claim and is not part of this report.

The numbers

All figures below come from the Real Estate Business post. We have not matched them to a Cotality release for this week, and the post as we could read it does not show a date or name a data provider.

• Headline Brisbane clearance rate: 19%.
• Scheduled auctions: 225.
• Auctions the post says sold: 28.
• The outlet’s estimate of the true clearance rate: 10% to 15%.

For comparison, the 13 October report cited Cotality’s early result of 21.4% from 145 results for the weekend of 11 October, and a final 21.2% from 138 auctions for the week ending 4 October.

What’s next

A final Brisbane number from Cotality would show how far the 19% headline moves once late results are counted. Until then, treat the 10% to 15% estimate as the outlet’s commentary rather than a measured rate.

The post names no individual and quotes no one, so the view is the outlet’s own. Developers and agents watching presale and resale conditions should look for the final figure and the number of results behind it, rather than the headline rate alone.

The Australian Developer.