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Clearance rates continue skyward trend

By Staff Reporter
31 July 2009 | 1 minute read

The clearance rates for Sydney, Melbourne and Adelaide have all exceeded 70 per cent as the surprising resilience of the housing sector continues in August.

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According to the Australian property Monitors, Brisbane was the softest market for the week with a clearance rate of 34 per cent.

Melbourne recorded a 78 per cent clearance rate, up from 56 per cent a year ago, while Sydney recorded a 73 per cent clearance rate, compared with 54 per cent 12 months ago.

A free standing four bedroom house in Balmain topped the list in terms of sales price at $1.76 million; a three bedroom house in Rooty Hill the cheapest at $223,000.

In Sydney, 104 houses were sold for a total of $66.6 million.

In Brisbane eight properties were sold for a total of $3.7 million, down from 17 properties sold last weekend.

The total number of houses sold in Adelaide also fell, down from 16 last weekend to just 6 this weekend.

Clearance rates continue skyward trend
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12 month growth
Travancore
49.78%
Timboon
49.57%
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49.51%
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49.42%
Preston Beach
49.29%
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48.44%
Glenside
48.28%
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