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Auctions bounce back from election

30/08/2010

Auction results rebounded this week after the subdued results of the election weekend. In Sydney, there were 445 auctions held with 69 per cent producing a sale. That compares well with results from the same weekend last year when 73 per cent of 316 properties sold at auction in Sydney.

In Melbourne there were 762 properties put up for auction with 61 per cent selling on the day. On the same weekend last year, 81 per cent of 691 properties sold at auction in Melbourne. In Adelaide, 62 per cent of 34 properties sold at auction this weekend, while just 12 per cent of 50 properties sold at auction in Brisbane.

Source: Australian Property Monitors



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