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 continue upward trend

By Staff Reporter
17 August 2009 | 1 minute read

Auction clearance rates were up in almost every capital city this weekend, according to Australian Property Monitors (APM).

The auction clearance rate in Sydney hit a healthy 74.2 per cent, with $84.2 million in property sold.

A free standing six bedroom house in Abbotsford topped the list in terms of sales price at $4.17 million; a two bedroom unit in Cabramatta the cheapest at $180,000.

In Melbourne, the clearance rate hit 74.4 per cent for a sales volume of $71.2 million.

According to APM, consistent clearance rates of more than 70 per cent will give vendors great confidence going into the spring selling season.

While clearance rates improved this week for both Adelaide and Brisbane, they were still well below 70 per cent. Adelaide recorded a clearance rate of 65.2 per cent; Brisbane 48.3 per cent.

In Adelaide 15 properties were sold for a total of $5.0 million, up from six properties last Saturday.

Clearance rates continue upward trend
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.