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Auctions strong in Sydney and Melbourne

Staff Reporter 1 minute read

Buyers continued to return to the market in Sydney and Melbourne over the weekend while smaller markets remained quiet.

Auction figures from Australian Property Monitors (APM) showed Sydney and Melbourne recorded clearance rates of 68.6 and 68.3 per cent respectively. A health tally of 235 and 338 properties were up for auction in the two cities.

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In Brisbane, just 36 properties were up for auction with only 37.5 per cent clearing while in Adelaide the clearance rate slumped to 16.7 per cent, compared to 40 per cent the weekend before.


Auctions strong in Sydney and Melbourne
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