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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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Clearance rates soar in Sydney and Melbourne

By Staff Reporter
31 August 2009 | 1 minute read

Auction clearance rates have again surged above 70 per cent in Sydney and Melbourne, data from Australian Property Monitors has revealed.

Sydney recorded a clearance rate of 71.7 per cent with more than 160 properties sold for a total of $118.7 million.

A four bedroom house in Mosman was the most expensive property sold under the hammer on the weekend for $3.13 million; a parcel of land in Winston Hills was the cheapest at $183,000.

Melbourne’s clearance rate was marginally higher than Sydney, with 73.2 per cent of properties selling, well up on the 53 per cent clearance rate this time last year.

Adelaide and Brisbane did not fair quite so well, with both cities achieving clearance rates of less than 60 per cent.

In Adelaide, 17 properties were sold for a clearance rate of 51.5 per cent.

Brisbane recorded a clearance rate 48.6 per cent after 17 properties were sold for a total of $4.5 million.

Clearance rates soar in Sydney and Melbourne
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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.