Auctions kicking goals for vendors

Auction results bounced back strongly this weekend after disruptions from football finals over the last few weeks. In Sydney there were 533 residential properties put up for auction on Saturday with 61 per cent selling on the day, up from 54 per cent of 194 last week. On this weekend last year, 67 per cent of 343 properties sold at auction in Sydney.

In Melbourne, 863 properties were listed for auction on Saturday with 63 per cent selling under the hammer. Last week, 67 per cent of 627 properties sold at auction in Melbourne. On this weekend last year, 78 per cent of 698 properties sold at auction in Melbourne.

Adelaide had a rare big auction weekend with 75 properties put up for auction and 53 per cent selling on the day, up from last week when 46 per cent of 31 properties sold at auction in Adelaide. In Brisbane, 86 properties were put up for auction, with 12 per cent selling on Saturday.

Source: Australian Property Monitors

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