75% of weekend apartment offerings find buyers
Units had a strong auction weekend with a 75% national success rate after the auction of 684 units.
The prior week's clearance rate sat at 77% after the auction of 578 units.
Sydney was the best of the major capital city markets for apartment auctions, according to CoreLogic.
Sydney vendors secured an 82% success rate from 319 listings. Houses in Sydney performed even better with 90% of the 729 houses finding buyers.
Melbourne was the busiest capital for unit offerings with CoreLogic putting the auction tally at 330.
There was a 73% success rate, as against the 989 houses which recorded an 80% clearance rate.
Some 75% of Perth's 21 apartment listings were sold.
Brisbane saw 38% of its 18 listings find buyers.
Sydney saw a Bondi Beach penthouse sell for $20.1 million at weekend auction, becoming the most expensive apartment ever sold at auction in Australia.
Melbourne's top apartment sale was $2.36 million for the four bedroom townhouse (above) at 2/17 Olinda Street, Caulfield South through Gary Peer & Associates.
Melbourne had the nation's cheapest apartment sale which was secured before its scheduled auction when $255,000 was paid for a two-bedroom Harkness offering.
The 2010-built ground floor unit in the Parkside Apartments complex at 1/9 Petrea Place was offered through Russell Parker at First National Melton.
It came with a $250,000 to $260,000 price guide having last sold at $215,000 in 2011.
The 80sq m ground floor space first sold off the plan in 2009 at $215,000.
Its last advertised rental asking price, according to CoreLogic, was $240 in late 2019.
