Brisbane Weekly Auction Data

I'm currently in the midst of a typical Queensland thunderstorm, quite a nice sunset in between two cells that are rolling through.

I've begun tracking the number of Brisbane auctions and the corresponding clearance rate on a weekly basis as below:

Number of auctions as shown are on the rise, I'd take a guess and believe there's more stock coming online and the latest auction data from this week showed seven auctions within the Brisbane city in high rise apartments.  Most of which were unfortunately passed in.

Despite the increasing number of auctions, there has been a decrease in the number of noted cleared auctions. Hopefully not a sign of decreasing demand for properties. Going forward whether it's worth looking at which properties in which suburbs are being sold or passed in might be something I look at next week for further information.