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Auction results down slightly

06/09/2010

Auction results in Sydney and Melbourne were slightly down on last week’s results. In Sydney there were 341 auctions of residential properties held on Saturday with a clearance rate of 58 per cent, down from last week when 67 per cent of 438 properties sold at auction in Sydney. On the same weekend last year, 70 per cent of 325 properties sold at auction in Sydney.

In Melbourne, 60 per cent of 665 properties listed for auction on Saturday sold on the day, down from 66 per cent of 748 properties last week. On the same weekend last year, 80 per cent of 607 properties sold at auction in Melbourne. In Adelaide, 74 per cent of 30 properties sold at auction on Saturday. In Brisbane, 33 per cent of 31 properties sold at auction.

Source: Australian Property Monitors



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