Sydney auction results lagging

Sydney auction results for the weekend of the 25th – 26th of July continue to lag behind the results of Melbourne and other capital cities. There were 268 auctions of residential properties in Sydney on Saturday, with 68 per cent delivering a sale on the day.

Those results are slightly down on last weeks results when 76 per cent of 195 properties sold at auction in Sydney. On the same weekend last year, 39 per cent of 292 properties sold at auction.

In Melbourne, 74 per cent of 430 properties put up for auction on Saturday sold on the day. Last week 82 per cent of 353 properties sold at auction, while on the same weekend last year, 59 per cent of 497 properties sold at auction.

In Adelaide, 59 per cent of 26 properties sold at auction on the weekend.

In Brisbane, 47 per cent of 55 properties were sold at auctions on the weekend.

Source: Australian Property Monitors