Melbourne sees highest national clearance rate and sales figures

Melbourne has recorded Australia’s highest clearance rate for the third time in four weeks, with another result just under 80 per cent.

The city recorded a clearance rate of 79.1 per cent last weekend, compared with 74.1 per cent on the same weekend the year before, according to APM PriceFinder.

Sales jumped 26.1 per cent to 677, with the median house prices up 6.1 per cent to $865,000 and the median unit price up 14.6 per cent to $587,000.

Sydney’s clearance rate fell from 78.9 per cent on the same weekend last year to 73.7 per cent, while sales jumped 18.7 per cent to 514.

The median house price of Sydney rose 12.1 per cent to $1.2 million and the median unit price climbed 9.8 per cent to $776,500.

Brisbane recorded a clearance rate of 61 per cent with 20 properties sold and a median price of $485,500.

Adelaide saw a clearance rate of 53 per cent with 29 properties sold and a median price of $670,000.

The national clearance rate rose from 73.6 per cent to 75.4 per cent.

Sales grew 20.5 per cent to 1,265, with house prices up 11.2 per cent to $970,000 and unit prices up 11.3 per cent $667,500.

McGrath Projects Eastern Property Group achieved the weekend’s best auction result, selling a five-bedroom Woollahra house for $5.1 million.

Marshall White Albert Park had Melbourne’s best auction result, selling a four-bedroom Malvern East house for $4.5 million.

Brisbane’s best auction result came from Place West, selling a four-bedroom Ashgrove house for $1.7 million.

In Adelaide, Smallacombe Real Estate Burnside achieved the best auction result, selling a three-bedroom Netherby house for $906,000.

[Related: The previous weekend’s results]

promoted stories

REB Events