Outstanding auction results continue in Melbourne

Sydney’s auction results slipped back slightly this week compared to the week earlier. 66 per cent of 334 residential properties listed for auction were sold on Saturday in Sydney, down from 70 per cent of 326 properties last week. On the same weekend last year, 49 per cent of 230 properties sold at auction in Sydney.

Melbourne recorded some outstanding auction results with 74 per cent of 737 properties listed for auction selling on the day. Last week 80 per cent of 609 properties sold and on the same weekend last year, 61 per cent of 559 properties sold at auction in Melbourne.

In Adelaide, 63 per cent of 41 properties sold at auction on the weekend. In Brisbane, 61 per cent of 54 properties sold at auction.

Source: Australian Property Monitors