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Strong results for Sydney property auctions

Staff Reporter 1 minute read

Auction clearance rates hit 78 per cent in Sydney over the weekend with a total sale price of over $35 million, according to Australian Property Monitors.

Of 96 properties put up for sale, 76 went under the hammer with a medium sale price of $457,500. The result compared with the 51 per cent clearance rate achieved last weekend.

In Brisbane, a clearance rate of 38 per cent was achieved with 6 of 14 properties put up for sale finding a buyer. The rate was five percentage points higher than last weekend’s results.

Adelaide registered 14 sales over the weekend with a clearance rate of 43 per cent.

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Strong results for Sydney property auctions
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