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The Sydney auction clearance rate jumped to 73.7 per cent on Saturday, recording a sales volume of $121.1 million.
The result surpassed last Saturday’s 64.0 per cent for $65.4 million and the 45.4 per cent recorded on the same Saturday last year, according to Australian Property Monitors.
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This Saturday’s clearance rate was also slightly below the 52 week high of 74.0 per cent.
Melbourne also posted strong results after several weeks of sluggish activity. With a clearance rate of 81.2 per cent and $52.0 million in sales, this Saturday’s results were up considerably on last Saturday’s $20.8 million for a clearance rate of 68.0 per cent.
Like Sydney, the clearance rate was also marginally below the 52 week high (82 per cent). Sales volumes were down however on the same Saturday last year, which achieved $146.0 million.
Brisbane’s clearance rate also hiked to 68.0 per cent from last Saturday’s 36.8 per cent; this was also a 52 week high. Sales volumes were also up to $8.5 million from last Saturday’s $2.2 million.
Adelaide’s sales volume dropped to $2.6 million from last Saturday’s $3.1 million although the clearance rate was up to 41.2 per cent compared to last Saturday’s 35.3 per cent.
Adelaide's 52 week clearance rate high is 100 per cent.
