Good auction results in Sydney and Melbourne

There were 517 residential properties listed for auction in Sydney on Saturday with 58 per cent selling on the day. Those results were broadly similar to last week’s (when 62 per cent of 528 properties sold at auction in Sydney) and better than on the same weekend last year when 67 per cent of 297 properties sold at auction in Sydney.

Melbourne had a reasonable auction weekend with 750 properties listed for sale by auction on Saturday and 69 per cent selling. Last week 63 per cent of 851 properties sold at auction in Melbourne. On this weekend last year, 76 per cent of 681 properties sold at auction in Sydney. 60 per cent of 61 properties sold at auction in Adelaide this weekend. In Brisbane, just 14 per cent of 72 properties sold at auction this weekend.

Source: Australian Property Monitors

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