Massive auction weekend in Melbourne
There were 501 residential properties listed for auction in Sydney on Saturday, with 56 per cent selling on the day, in results that were largely identical to last week’s results. On the same weekend last year, 66 per cent of 352 properties sold at auction in Sydney.
It was a big weekend for auctions in Melbourne this week, with 1108 residential properties listed for auction and 66 per cent selling on the day. That was an improvement on last week, when 66 per cent of 740 properties sold at auction in Melbourne. On the same weekend last year, 77 per cent of 943 properties sold at auction in Melbourne.
In Adelaide, 48 properties were put up for auction with a clearance rate of 63 per cent. On Brisbane, 30 per cent of 57 properties put up for auction, sold on Saturday.
Source: Australian Property Monitors