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Auctions results flatline

02/08/2010

There were 364 auctions of residential property held in Sydney on Saturday with a clearance rate of 59 per cent. Those results were in line with recent results in Sydney. Last week 64 per cent of 334 properties sold at auction. On the same weekend last year, 70 per cent of 204 properties sold at auction in Sydney.

In Melbourne, 63 per cent of 553 properties sold at auction, slightly down from last week when 63 per cent of 584 properties sold at auction in Melbourne. On the same weekend last year, 83 per cent of 413 properties sold at auction in Melbourne.

Source: Australian Property Monitors



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