Football affects auction results
There were just 195 residential properties put up for auction in Sydney last weekend when the NRL Grand Final took place. 54 per cent of those properties sold on the day, down from the week before when 58 per cent of 651 properties sold at auction in Sydney. Last year on NRL Grand Final weekend, 75 per cent of 172 properties put up for auction sold on the day.
Football also affected auction results in Melbourne with the AFL Grand Final replay on Saturday. Nevertheless, 646 properties were listed for auction, with 61 per cent selling under the hammer. Last week there were just 44 properties listed for auction in Melbourne due to the AFL Grand Final. On this weekend last year, 78 per cent of 565 properties sold at auction in Melbourne.
Source: Australian Property Monitors