What does withdrawn from auction mean?

Withdrawn refers to properties that were either taken off the market or the auction was cancelled before the scheduled auction date. Private Sales. Private sales include properties that sold during the time period that were not scheduled to go to auction.

What is passed in auction?

When a property up for auction is ‘passed in’, this means the top bid hasn’t met the vendor’s expectations (i.e. it isn’t as high as they were hoping for). If this happens, the highest bidder will be asked to step inside to carry out private negotiations with the vendor’s real estate agent.

Why would a lot be withdrawn from auction?

If a property is sold prior to auction or when there is a failure to reach the reserve price from insufficient bidding the auctioneer will withdraw the property from the auction.

What does passed in mean auction?

When the bidding at an auction falls short of the reserve price, the property is ‘passed in’ and the prospective buyer, vendor and agent steel for an intense round of negotiations.

How do I get auction results for Victoria?

These results are compiled by the Real Estate Institute of Victoria. Agents should supply auction and private sale data to phone/fax: 1300 858 788 or email: [email protected] The results do not necessarily include all auctions held yesterday or all private sales collected during the week.

What are the auctions results across the Australian Capital Cities?

Auction results across the Australian capital cities City Clearance rate Auctions scheduled Auctions reported Sold Sydney 71 % View details 796 559 396 Melbourne 74 % View details 854 709 527 Adelaide 77 % View details 92 70 54 Brisbane 56 % View details 89 61 34

How do I get auction and private sale data?

Agents should supply auction and private sale data to phone/fax: 1300 858 788 or email: [email protected] The results do not necessarily include all auctions held yesterday or all private sales collected during the week. Contact the agents concerned for further information.