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 clearance rates

Staff Reporter 4 minute read

There was little change in the weekly clearance rates achieved in the major east coast capitals over the weekend, Australian Property Monitors have revealed.

Melbourne posted a relatively strong rate of 72.7 per cent, however it was down from last Saturday’s 77.3 per cent. Volumes were also down, with just 192 properties sold compared to last Saturday’s 422.

Saturday’s sales volumes were also down on the same Saturday last year where 279 properties were sold for a total sales volume of $119.8 million. This compared to the $114.0 million achieved on the Saturday just past.

Sydney posted a clearance rate of 65.2 per cent, up from last Saturday’s 63.7 per cent. Sales volumes also increased from $157.5 million last Saturday to the $161.3 million achieved on the Saturday just past.

Advertisement
Advertisement

In total, 208 properties were sold. A two bed house in Woolwich achieved the highest price of $3.4 million; a two bed unit in Lakemba the lowest at $208,000.

In other capitals, Adelaide posted a clearance rate of 50.0 per cent and sales volumes of $4.3 million, down from last Saturday’s 52.0 per cent and $6.1 million.

Brisbane registered a clearance rate of 43.5 per cent – a significant jump from last Saturday’s 29.3 per cent. Overall, $8.4 million in sales were recorded, also up from last weekend’s $6.0 million.

Mixed results for weekend 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.

PROMOTED CONTENT


default

 

more from the adviser
uptick graph Non-majors and non-banks continue to dominate: Broker Pulse

A greater proportion of brokers are sending their clients to non-...

construction equipment ta Demand for excavators up 191% YOY: CBA

The major bank’s data has revealed a jump in asset finance grow...

mortgage money house Hot Property: The biggest property headlines from the week 7-11 June

The weekly round-up of the biggest news stories from across Momen...