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The Easter weekend resulted in slow auction activity in Sydney and Melboune.
In Sydney, the auction clearance rate slumped to 38.1 per cent, down from the 61.7 per cent registered last weekend.
Only 8 properties were sold from the 15 put up for auction for a total value of $4.8 million.
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Melbourne also reported a substantial slide with a clearance rate of 33.3 per cent compared to last weekend’s 78.8 per cent. Only three properties were sold from the 8 to be auctioned – two of which were sold prior to auction; five were passed in.
This weekend’s result is now the 52 week low for the capital. The high remains at 78 per cent.
Adelaide registered a clearance rate of 0 per cent.
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