Auction results improving for vendors
There were 469 properties listed for auction in Sydney on the weekend, with 75 per cent selling on the day. Those results were significantly better than last week, when 73 per cent of 348 properties sold. On the same weekend last year 62 per cent of 365 properties sold at auction in Sydney.
In Melbourne, the auction season seems to be well under away for another year with 959 residential properties listed for auction and 77 per cent selling on the day. Last week there was 725 properties put up for auction with 80 per cent selling. On the same weekend last year, there were 594 properties put up for auction with 69 per cent selling on the day.
There were 45 auctions in Adelaide with 76 per cent selling. In Brisbane there was 65 auctions with 48 per cent selling on the day.
Source: Australian Property Monitors