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Sydney and Melbourne again reported relatively healthy auction results over the weekend while activity in the smaller capitals was weak.
Of the 172 properties up for auction in Sydney, 69 per cent sold, according to Australian Property Monitors.
In Melbourne 74 per cent properties up for auction cleared, Real Estate Institute of Victoria president Enzo Raimondo told The Australian Financial Review.
Down south in Adelaide just 13 properties were listed for auction of which 6 – or 46 per cent – cleared, Australian Property Monitors said, while in Brisbane just 23 per cent of the 21 properties listed went under the hammer.
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