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.

Auction activity slides

Staff Reporter 3 minute read

Australia’s auction activity was down in every capital city this weekend, with lower auction clearance rates and sales volumes recorded across the board, Australian Property Monitors has revealed.

Sydney auction results fell dramatically where the clearance rate was down 6.5 per cent compared to the Saturday prior.

The city achieved a clearance rate of 63.3 per cent, with sales volume of $78.6 million, down from $105.8m last weekend.

A Cabarita home topped the list in terms of sales price at $3.8 million; a Watanobbi house the lowest at $180,500.

Advertisement
Advertisement

Melbourne’s clearance rate fell from 83.6 per cent to 81.0 per cent. Just 68 properties were sold, down from 316 the weekend prior.

Sales totaled $29.6 million, falling from last Saturday’s $186.2 million high.

Adelaide’s clearance rate dropped to 26.7 per cent. This compared with the 38.9 per cent achieved the Saturday prior.

Brisbane sold seven properties for a combined amount of $1.6 million, down from 17 properties sold last weekend for a total dollar value of $8.7 million.

Auction activity slides
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.

PROMOTED CONTENT


default

 

more from the adviser
handshake news MyState names banking general manager

A former broker head has returned to MyState Bank, to tackle turn...

BBS 2021 ta SA/NT’s top brokers crowned

The leading brokers in South Australia and the Northern Territory...

Paul Kearney ta AFCA recruits from ME Bank

The complaints authority has named a new executive general manage...