Australia’s auction clearance rates were down below 70 per cent in every capital city except Melbourne on Saturday, Australian Property Monitors has revealed.
Melbourne registered a clearance rate of 78.7 per cent however this was down from last week’s clearance rate of 84.7 per cent. More than 120 properties were sold for a total of $58.6 million
In Sydney the clearance rate increased from 67.0 per cent last Saturday to 69.3 per cent this weekend.
A Strathfield home topped the list in terms of sales price at $ 3.7 million; a Mount Druitt unit the lowest at $190,000.
Adelaide’s clearance rate suffered a steep decline, falling from 81.8 per cent last Saturday to 40.0 per cent this weekend. Just 6 properties were sold for a total of $3.9 million.
Brisbane’s clearance rate rose to 40.5 per cent from the 31.3 per cent recorded last weekend. The total number of houses sold rose from 10 to 15.