Sydney leads national auction market

Last weekend saw Sydney return to form with auction sales, according to data from property group APM PriceFinder.

A total of 124 auction sales were recorded in the New South Wales capital, despite this figure being 48.1 per cent lower than the corresponding weekend last year.

Sydney’s clearance rate fell from 81.3 per cent last year to 72.5 per cent, while the median for house sales rose 6.7 per cent to $1,080,500.

Melbourne saw increased sales, jumping 13.0 per cent to 122 properties sold.

The city’s clearance rate rose from 64.3 per cent to 79.2 per cent, while the median for houses fell 3.0 per cent to $739,500.

Adelaide recorded 16 sales, a median price of $577,000 and a clearance rate of 72.7 per cent.

Canberra vendors sold 25 homes with a median of $598,750 and a clearance rate of 71.4 per cent.

In Brisbane, there were 27 sales with a median of $605,000 and a clearance rate of 62.8 per cent.

Across the country, sales figures were 28.8 per cent lower at 314, while the clearance rate rose from 69.8 per cent to 73.9 per cent.

Nationally, the median of houses sold fell 5.0 per cent to $775,000, while the median for units sold rose 10.0 per cent to $772,000.

[Related: Sydney on top for property price growth]

 

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