Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Latest


Must Read


PM Tech Growth Sales Marketing Industry

Our Events


New Broker Academy 2022

The Adviser’s New Broker Academy aims to equip prospective brokers with the knowledge, skills and mindset to succeed...

LEARN MORE
VIEW ALL
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.

Clearance rates fall below 70pc

By Staff Reporter
10 August 2009 | 1 minute read

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.

Clearance rates fall below 70pc
default
lawyersweekly logo

Tags:

Listen to other installment of the Real Estate Business Podcast
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.