Melbourne, Sydney auction results up again

There were 559 residential properties listed for auction in Sydney on Saturday, with 65 per cent producing a sale on the day, up from last week when there were 452 auctions and a clearance rate of 65 per cent. On the same weekend last year, 44 per cent of 417 properties listed for auction in Sydney sold on the day.

It was another boom result in Melbourne with 1030 residential properties listed for auction on Saturday and 74 per cent selling on the day. Last week, 76 per cent of 883 properties sold at auction in Melbourne and on the same weekend last year, 52 per cent 696 properties sold.

In Adelaide, 52 per cent of 46 properties sold at auction, while in Brisbane, 50 per cent of 51 residential properties sold at auction last weekend.

Source: Australian Property Monitors

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