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Last weekend’s auction results saw improvements across Sydney, Melbourne, Brisbane and Adelaide, according to property data group APM PriceFinder.
Melbourne recorded a marked improvement in its clearance rate over the previous weekend, going from 56.3 per cent to 74.2 per cent.
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Sales in Melbourne rose 23.0 per cent on a year-on-year basis to 737; the median house price increased 11.2 per cent to $875,000 and the median unit price rose 0.7 per cent to $540,000.
Sydney recorded a second week of growth, going from 69.9 per cent to 70.0 per cent.
Despite the marginal increase over the previous week’s results, Sydney’s clearance rate is lower than the corresponding weekend last year when it posted a rate of 73.7 per cent.
Sales in Sydney increased 2.7 per cent on a year-on-year basis to 533 as the median house price jumped 17.3 per cent to $1.275 million and the median unit price rose 7.9 per cent to $820,000.
Brisbane posted a clearance rate of 75.9 per cent with 22 sales and a median price of $572,800.
In Adelaide, the weekend’s clearance rate was 66.7 per cent with a median price of $540,000.
[Related: Darwin tops property price growth charts]
