75% auction success rate for Sydney apartments with Melbourne at 62%

Sydney's top revealed weekend apartment sale was $2.18 million at Chatswood.

It was a three bedroom, two bathroom apartment at 1801/2B Help Street.

Set on the 18th-floor in the Regency Tower, the recently refreshed apartment last sold at $780,000 in 2009. 

Sydney had the nation's cheapest apartment sale result at weekend auctions across the capital cities.

It was when 17/22 Nagle St, Liverpool fetched $285,000.

It last sold at $148,000 in 2001. 

The one bedroom 76 sqm apartment was marketed as in need of substantial repair. 

The second floor apartment was sold by Elders Liverpool agent:Frank Polistina.

CoreLogic calculated 78 percent of Sydney's 336 unit auctions were sold at a $975,000 median price.

It was $691,000 in Melbourne where the lockdown triggered auction withdrawals.

There were just the 306 apartments to auction across Melbourne, with a 62 percent success rate.

Canberra saw 80 percent of its 12 apartment offerings find buyers.

It was 55 percent from the 36 Brisbane offerings, a slight improvement on the prior week when  CoreLogic calculated there was a 50 percent weekend success rate from Brisbane's 16 apartment listings.

Last week was set to be the second biggest auction week so far this year however with another lockdown in Victoria volumes dropped slightly. 

There were 2,930 homes taken to auction over the week which is currently the third highest number of auctions we have seen this year across the combined capitals. 

Of the 2,460 results collected so far, 75.7 per cent were successful. 

In comparison, the previous week recorded a higher preliminary clearance rate of 78.2 per cent, which revised down to 75.6 per cent at final figures.

With Melbourne currently in lockdown, 1,264 homes were taken to auction this week, compared to the 1,451 auctions predicted for this week.

Preliminary figures show 72.8 per cent of the 1,101 results collected so far were successful.

There were 1,177 homes taken to auction across Sydney this week, compared to 1,103 last week and 452 this time last year. There have been 969 auction results collected so far, returning a preliminary auction clearance rate of 81 per cent. 

Across the smaller capital cities, Canberra recorded a preliminary auction clearance rate of 84.7 per cent, followed by Brisbane where preliminary results show 71.9 per cent of auctions were successful. Adelaide recorded a preliminary auction clearance rate of 69.3 per cent, while in Perth, 34.8 per cent of reported auctions were successful.