Login
ISCOVER
By: Staff Reporter
Auction clearance results failed to show any glimmer of improvement over the weekend, remaining relatively flat in Sydney and Melbourne, and falling significantly in Brisbane, the latest data shows.
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
According to Australian Property Monitors, Sydney and Melbourne markets remained weak, with auction clearance rates of 59.0 and 63.2 per cent respectively. The weekend prior, Sydney and Melbourne had cleared 64 and 63.6 per cent of properties respectively.
Meanwhile, Brisbane suffered a significant hit with auctions falling from a clearance rate of 31.6 per cent last week to a meagre 5.6 per cent on Saturday.
In Sydney, the dearest property sold on the weekend was a three bedroom house in Strathfield, in the city's inner west, which went under the hammer for $1.825 million, while the cheapest was a 3 bedroom townhouse in Gosford which sold for $241,000.
The most expensive property sold in Melbourne was a five bedroom house in Glen Iris, which went for $2.285 million, while the cheapest was a one bedroom unit in Noble Park at $206,500.
