Save thousands on your home loan
Compare 25+ lenders and hundreds of loans in an instant
I want:
Westpac Macquarie citibank commonwealth bank anz bankwest
finni mortgages logo
google reviews
4.9
star star star star star
Rating based on 147 reviews

×

Auction Clearance Rates 1st December 2012

Clearance rates at auction dipped very slightly on Saturday, compared to the weekend before, perhaps signaling a slow down towards Christmas.

spi default article image em4omm

According to Australian Property Monitors (APM), 54.0 per cent cleared in Sydney on Saturday, compared to 54.2 per cent the week before. This trend was repeated in Melbourne, at 59.2 per cent compared to 60.2 per cent the week prior.

The most expensive property was in Sydney's Strathfield, which went for $2,820,000 while the most affordable property came in at $142,000 (in Sydney's Woollahra). The median price of properties up for auction in Sydney was $946,000 (houses) and $600,000 (units), while in Melbourne this was seen at $615,000 (houses) and $465,000 (units).

Adelaide and Brisbane recorded a clearance rate of 46.3 and 34.0 per cent respectively, showing growth on previous results seen.

 

For detailed APM house price reports, visit www.homepriceguide.com.au

 

alt

RELATED TERMS

You need to be a member to post comments. Become a member for free today!

Related articles