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top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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Auction clearance rates surge

By Staff Reporter
20 July 2009 | 1 minute read

Sydney’s auction clearance rate surged over the weekend, hitting 74.7 per cent, statistics from Australian Property Monitors (APM) have revealed.

According to the statistics this time last year the clearance rate was 45.7 per cent ,with the amount of property sold totaling $59.9 million.

A Bellevue home topped the list in terms of sales price at $ 3.33 million; a Willmot house the lowest at $180,000.

Melbourne continued its run of high auction clearance rates at 81.3 per cent.

According to APM, the clearance rate takes Melbourne into its tenth week of clearance rates around 80 per cent.

More than 100 properties were sold for a total sales volume of $53.7 million on Saturday.

In Brisbane, the clearance rate of 56.5 per cent was close to a 12 month high; $5.3 million of property sold.

Adelaide achieved a clearance rate of 65 per cent with $4.3 million is sales volumes recorded.

Auction clearance rates surge
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Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.