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Mixed results for weekend clearance rates

By Staff Reporter
23 November 2009 | 1 minute read

There was little change in the weekly clearance rates achieved in the major east coast capitals over the weekend, Australian Property Monitors have revealed.

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Melbourne posted a relatively strong rate of 72.7 per cent, however it was down from last Saturday’s 77.3 per cent. Volumes were also down, with just 192 properties sold compared to last Saturday’s 422.

Saturday’s sales volumes were also down on the same Saturday last year where 279 properties were sold for a total sales volume of $119.8 million. This compared to the $114.0 million achieved on the Saturday just past.

Sydney posted a clearance rate of 65.2 per cent, up from last Saturday’s 63.7 per cent. Sales volumes also increased from $157.5 million last Saturday to the $161.3 million achieved on the Saturday just past.

In total, 208 properties were sold. A two bed house in Woolwich achieved the highest price of $3.4 million; a two bed unit in Lakemba the lowest at $208,000.

In other capitals, Adelaide posted a clearance rate of 50.0 per cent and sales volumes of $4.3 million, down from last Saturday’s 52.0 per cent and $6.1 million.

Brisbane registered a clearance rate of 43.5 per cent – a significant jump from last Saturday’s 29.3 per cent. Overall, $8.4 million in sales were recorded, also up from last weekend’s $6.0 million.

 

Mixed results for weekend clearance rates
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