Another hot weekend of winter auction activity

Another hot weekend of winter auction activity

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Australia’s auction markets have enjoyed another strong weekend, with the national clearance rate pushing 80 per cent.

The best performer was Sydney, which posted a clearance rate of 79.5 per cent last weekend, compared to 73.4 per cent at the same time last year, according to APM PriceFinder.

Sales jumped 46.9 per cent to 426, with the median price for house sales up 24.2 per cent to $1.2 million and the median price for unit sales up 13.3 per cent to $776,000.

Melbourne’s clearance rate increased from 70.3 per cent last year to 79.3 per cent.

Sales rose 16.5 per cent to 410, with the median house price rising 20.5 per cent to $880,000 and the median unit price rising 19.8 per cent to $983,000.

Brisbane posted a clearance rate of 54.2 per cent, with the 32 sales achieving a median price of $540,000.

Adelaide posted a clearance rate of 78.6 per cent, with the 22 sales achieving a median price of $473,000.

The national clearance rate reached 78.0 per cent, compared to 73.4 per cent the year before.

Sales climbed 29.7 per cent to 909, with house prices up 19.8 per cent to $983,000 and unit prices up 20.1 per cent to $713,000.

Sydney agency Ward Partners had the best result of the weekend, selling a four-bedroom unit in Drummoyne for $3.57 million.

The top result in Melbourne was achieved by Buxton Sandringham, which sold a four-bedroom house in Beaumaris for $2.8 million.

In Brisbane, Drakos Real Estate sold a five-bedroom West End house for $2.28 million; in Adelaide, Klemich Real Estate sold a four-bedroom St Peters house for $1.67 million; and in Canberra, Peter Blackshaw Real Estate Manuka sold a five-bedroom Bruce house for $1.38 million.

[Related: The previous weekend’s results]

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