Auction activity slides

Auction activity slides

by 0 comments

Australia’s auction activity was down in every capital city this weekend, with lower auction clearance rates and sales volumes recorded across the board, Australian Property Monitors has revealed.

Sydney auction results fell dramatically where the clearance rate was down 6.5 per cent compared to the Saturday prior.

The city achieved a clearance rate of 63.3 per cent, with sales volume of $78.6 million, down from $105.8m last weekend.

A Cabarita home topped the list in terms of sales price at $3.8 million; a Watanobbi house the lowest at $180,500.

Melbourne’s clearance rate fell from 83.6 per cent to 81.0 per cent. Just 68 properties were sold, down from 316 the weekend prior.

Sales totaled $29.6 million, falling from last Saturday’s $186.2 million high.

Adelaide’s clearance rate dropped to 26.7 per cent. This compared with the 38.9 per cent achieved the Saturday prior.

Brisbane sold seven properties for a combined amount of $1.6 million, down from 17 properties sold last weekend for a total dollar value of $8.7 million.

Australia’s auction activity was down in every capital city this weekend, with lower auction clearance rates and sales volumes recorded across the board, Australian Property Monitors has revealed.

Sydney auction results fell dramatically where the clearance rate was down 6.5 per cent compared to the Saturday prior.

The city achieved a clearance rate of 63.3 per cent, with sales volume of $78.6 million, down from $105.8m last weekend.

A Cabarita home topped the list in terms of sales price at $3.8 million; a Watanobbi house the lowest at $180,500.

Melbourne’s clearance rate fell from 83.6 per cent to 81.0 per cent. Just 68 properties were sold, down from 316 the weekend prior.

Sales totaled $29.6 million, falling from last Saturday’s $186.2 million high.

Adelaide’s clearance rate dropped to 26.7 per cent. This compared with the 38.9 per cent achieved the Saturday prior.

Brisbane sold seven properties for a combined amount of $1.6 million, down from 17 properties sold last weekend for a total dollar value of $8.7 million.

promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

With a combined sales volume of over $14 billion in 2017, the Top 100 Agents ranking represents the very best sales agents in Australia. Find out what sets them apart and learn their secrets to success.

featured podcast

featured podcast
How this agent grew his database by 50% in five years

In this episode of Secrets of the Top 100 Agents, Robert Pignataro joins host Tim Neary to explain how he increased his personal database by...

View all podcasts

Does the benefit of being part of a branded group outweigh the cost?

Yes
No
Depends on the group
Do you have an industry update?