Get notifications in real-time for staying up to date with content that matters to you.
The traditional spring auction season is off to a strong start with Sydney, Adelaide and Melbourne all achieving clearance rates over 70 per cent.
Figures from Australian Property Monitors show Sydney achieved a 70.1 per cent clearance rate over the weekend, continuing its pattern of strong results.
More than 110 properties went under the hammer this weekend for $102.6 million.
The most expensive property was a four bedroom offering with views of the Harbour in Cammeray, which sold for $2.26 million.
The least expensive was a two-bedroom townhouse in Cabramatta, which sold for $225,000.
Melbourne also continued its run of high clearance rates, achieving 76.0 per cent over the weekend.
Just over 130 properties were sold for $57.7 million, the most expensive being a four-bedroom house in Camberwell which sold for $2.35 million.
Adelaide enjoyed a similar run, achieving a clearance rate of 73.7 per cent, markedly higher than last weekend’s 52.9 per cent clearance rate.
Brisbane was the lowest performing capital city this weekend, recording a clearance rate of 35.0 per cent, down from 46.2 per cent last weekend.
PROMOTED CONTENT
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.
A former broker head has returned to MyState Bank to tackle turna...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
What's the longest time you've been left on hold before getting through to a credit assessor?
