Melbourne auction results stand out
There were 285 residential property auctions held in Sydney on the weekend, with 73 per cent resulting in a sale on the day. Those results are a slight improvement on last week, when 73 per cent of 234 properties put up for auction sold on the day. On the same weekend last year, 47 per cent of 263 properties sold at auction in Sydney.
There were 523 properties auctioned in Melbourne on Saturday, with 76 per cent selling. Last week 80 per cent of 489 properties sold at auction in Melbourne. On the same weekend last year, 54 per cent of 526 residential properties sold at auction.
In Adelaide, 54 per cent of 32 properties sold at auction, slightly down from last week when 65 per cent of 32 properties were successfully auctioned.
In Brisbane, 39 per cent of 46 properties sold at auction, down from last week when 46 per cent of 53 properties sold.
Source: Australian Property Monitors