Mixed results for weekend auction clearance rates

Staff Reporter Monday, 6 Apr 2009 3 minute read

Sydney auction activity remained stagnant over the weekend, registering a slight increase of just 0.3 per cent from the result achieved the weekend prior.

Overall 212 properties sold from the 310 reported for auction for a clearance rate of 63.7 per cent and a total dollar amount of $155.2 million.

The highest price achieved was for a four bedroom house in Woollahra for $5,325,000; the lowest a one bedroom unit in Fairfield for $121,000.

The 52 week clearance rate high still sits at 71 per cent.

Unlike a flat Sydney market, the clearance rate in Melbourne jumped by nearly 8 per cent.

The city registered a clearance rate of 78.0 per cent, compared with last weekend’s 70.8 per cent.

In total 85 properties went under the hammer for a total value of $35.9 million. A four bedroom house in Hawthorn fetched the highest price ($1,500,000); the lowest was for a studio in St Kilda ($180,000).

The clearance rate in Brisbane over the weekend was hit hard.

Compared to the 35.7 per cent achieve last weekend, the Saturday just past registered 19.4 per cent, with a total value of $3.2 million

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