Auctions kick off to weak start

Just 48.2 per cent of properties cleared at auction in Sydney this weekend, significantly lower than the 68.2 per cent achieved this time last year.

The most expensive property sold at the weekend was a three bedroom house in Punchbowl, which went under the hammer for $1.4million; the cheapest was a $151,000, two bedroom unit in Campbelltown.

You’re out of free articles for this month

Log in Sign up

To continue reading the rest of this article, please log in.

Username or Email

Password Forgot password?

Keep me signed in on this device.

If you check this box before you log in, you won’t have to log back into the website next time you return, even if you close your browser and come back later.

If you check the box above before you log in, you won’t have to log back into the website next time you return, even if you close your browser and come back later.

---

or

---

Login with a Passkey

And the story was much the same in both Melbourne and Queensland, according to Australian Property Monitors.

In Melbourne, just 61.6 per cent of properties cleared – down from the 75.0 per cent recorded this time last year.

Meanwhile Brisbane achieved a clearance rate of just 23.0 per cent.

Tags:

• Latest

Share