Sydney in the 60s, Melbourne in the 40s, the weekend winter auctions remain in a holding pattern.
Sydney in the 60s, Melbourne in the 40s, the weekend winter auctions remain in a holding pattern.
Sydney’s preliminary auction clearance rate sat at 63.5 per cent from 339 reported results.
There were 546 auctions for Saturday, 83 of which were withdrawn, including the Coogee bolthole (above) of champion horse trainer David Hayes.
Domain noted Sydney's top sale was a five-bedroom house at 356 Edgecliff Road, Woollahra, at $8.1 million.
There were four registered bidders.
There were 510 auctions scheduled in Melbourne on Saturday.
Domain calculated a preliminary clearance rate of 45.4 per cent from 229 reported results.
Some 203 auction properties were withdrawn, due to the COVID-19 public auction ban.
Of the online auctions that did go ahead, the preliminary clearance rate was 83 per cent.
The top sale in Melbourne was $3,675,000 when 16 Rushall Crescent, Fitzroy North was sold pre-auction.
It last sold at $2.91 million in 2016.
The REIV reported Glen Waverley led the auction market in the first six months of 2020 with 109 sales, followed by Craigieburn (104) and Reservoir (101). Croydon North is the top clearance rate suburb, selling all 12 auction listings.
The weekend's cheapest sale was in Sydney when 9/20-22 Speed St, Liverpool was sold for $286,000.
CoreLogic saw similar results albeit with higher preliminary clearance rates as seen above.
They found clearance rates were down on this time last year where they reached above 70% for both Sydney and Melbourne.
Notably Canberra has seen both an increase in auction volume and clearance rate compared to last year.
