Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Mixed results for weekend auction clearance rates

Staff Reporter 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.

Advertisement
Advertisement

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

PROMOTED CONTENT


 

Mixed results for weekend auction clearance rates
default
TheAdviser logo

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.

default

 

more from the adviser
Michael Russell MoneyQuest Brokerage head calls out ‘unacceptable’ turnaround delays

It is “unacceptable” that turnaround times in branches can be...

gentlmen handshake Ex-Time Home Loans director partners with AFG

The aggregator has partnered with former Time Home Loans director...

farmer ta 34% of farmers eyeing raised business investment

Roughly one-third of Australian farmers expect to increase their ...