Sydney auctions bouncing back

Sydney auction results bounced back this week after a sluggish NRL Grand Final weekend last week. 63.0 per cent of 342 properties were sold at auction on Saturday, up from 49 per cent of 344 properties on the same weekend last year in Sydney.

Melbourne auctions put on another bumper weekend with 74 per cent of 697 residential properties listed for auction selling on the day. On the same weekend last year, 53 per cent of 591 properties sold at auction.

In Adelaide, 71 per cent of 42 properties sold at auction, an improvement on last week and the same weekend last year.

Only 42 per cent of 56 properties sold at auction in Brisbane on Saturday.

Source: Australian Property Monitors