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ISCOVER
Staff Reporter
Home buyer confidence remains low in the nation’s sunshine capital, with not a single property clearing at auction in Brisbane over the weekend.
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The Brisbane market has taken another tumble, with none of the 34 properties listed for auction over the weekend enticing buyers to take the plunge.
The story was similar in Adelaide, with only 25.9 per cent of listings clearing at auction, a far cry from the 40.7 per cent that cleared over the previous weekend.
Sydney and Melbourne remain the nation’s standout cities – the weekend auction results improved by 11.4 per cent and three per cent respectively.
Sydney’s housing shortage appears to be taking its toll on the market, however, with only 451 properties listed for auction over the weekend. That figure is down 15.1 per cent on the same time last year.
Sydney was home to the most expensive and most affordable properties sold over the weekend, with a five bedroom house in Mosman selling for $3.2 million and a two bedroom unit at The Entrance going for just $221,000.
