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 results climb higher as spring season starts

Staff Reporter 3 minute read

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.

Advertisement
Advertisement

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


Auction results climb higher as spring season starts
default
TheAdviser logo
default

 

more from the adviser
money au ta Lenders extend cashback offers

Several lenders and their subsidiaries have extended their cashba...

ren wong N1 pivots to become SME lender

Diversified broking and non-bank lending group N1 Holdings has an...

elderly people ta More retirees resuming downsizing plans

Retirees have resumed their plans to downsize due to “feeling m...

FROM THE WEB