Auction results fail to find their rhythm as numbers continue to fluctuate
Kanebridge News
Share Button

Auction results fail to find their rhythm as numbers continue to fluctuate

Just as auction numbers begin to rise, public holidays slow down activity

By Robyn Willis
Tue, Sep 20, 2022 12:08pmGrey Clock < 1 min

Auction activity continues to fluctuate, with last weekend recording its biggest numbers since late June, CoreLogic reports.

There were 2,190 auctions held across the capitals, up from 1918 the week before and 1672 this time last year.

Clearance rates told a slightly different story, with 62.5 percent of auctions resulting in a sale. While that is slightly up from 61.7 percent last week, this time last year, clearance rates were at 75.1 percent.

Capital city auction numbers are expected to drop once again next week, thanks to public holidays and the AFL grand final in Melbourne.

In Sydney, 771 homes went under the hammer over the weekend, up 10.5 percent from the previous week, with a clearance rate of 60.2 percent. In Melbourne, numbers were higher, with 996 homes auctioned, up 17.6 percent from the previous week. Clearance rates were also higher, at 64.4 percent.

In the smaller capitals, Brisbane was the biggest market, with 168 homes auctioned, followed by Adelaide with 132 and Canberra with 102. Of the three, Adelaide topped the clearance rates at 75.6 percent. Canberra followed with 65.8 percent and then Brisbane with 52.8 percent.



MOST POPULAR

A rare slice of Sydney history, Coolabah blends Victorian grandeur with modern luxury in the heart of Greenwich; once home to Lane Cove’s first Lord Mayor and now listed with a $6.5m guide.

Bhutan is pioneering a new frontier in travel by allowing tourists to pay for flights, visas, hotels and even fruit stalls using cryptocurrency via Binance Pay.

Related Stories
Lifestyle
MARCEL ZALLOUA CLAIMS PODIUM FINISH AT SYDNEY MOTORSPORT PARK IN GT WORLD CHALLENGE AUSTRALIA
By Kanebridge Staff 16/05/2025
Lifestyle
HOW TO DEFINE YOUR HOME DESIGN STYLE WITH CONFIDENCE
By Jeni O'Dowd 15/05/2025
Lifestyle
AMAN TO OPEN LUXURY ISLAND RETREAT IN THE BAHAMAS
By Jeni O'Dowd 14/05/2025
MARCEL ZALLOUA CLAIMS PODIUM FINISH AT SYDNEY MOTORSPORT PARK IN GT WORLD CHALLENGE AUSTRALIA

Citizen Kanebridge member Marcel Zalloua delivered a standout result in Tigani Motorsport’s Mercedes-AMG GT3 Evo, backed by Robb Report Australia & New Zealand and Citizen Kanebridge.

By Kanebridge Staff
Fri, May 16, 2025 2 min

Sydney’s night sky lit up with speed and precision when Tigani Motorsport’s Mercedes-AMG GT3 Evo charged to a second-place finish in the Pro-Am class during Race 1 of the GT World Challenge Australia at Sydney Motorsport Park.

Behind the wheel was entrepreneur and Citizen Kanebridge member Marcel Zalloua, partnered with Supercars regular Thomas Randle in a formidable one-off pairing that impressed from the outset.

The result marks a major milestone for Zalloua, a returning driver with previous success in the Am class, and continues Tigani Motorsport’s strong form in the 2025 season.

Zalloua is part of Citizen Kanebridge, an invitation-only club based in Sydney.

The club curates exclusive events, thought-leadership forums and networking opportunities for high-achieving individuals across investment, innovation and entrepreneurship.

The sleek #44 AMG GT3 Evo also sported a high-end lineup of sponsors, including Robb Report Australia & New Zealand and Citizen Kanebridge, alongside other premium backers — all part of a strategy to align the vehicle with luxury, performance and lifestyle excellence.

Race 1 saw the Zalloua-Randle duo execute a clean, strategic drive to claim the podium, with the car showing strong pace under lights.

Although Race 2 proved more challenging with a ninth-place finish in class, their combined effort across the weekend delivered valuable points to Tigani Motorsport’s championship campaign.

Tigani Motorsport continues to cement itself as a serious contender in the GT racing scene, with smart driver pairings, high-calibre partnerships, and a commitment to performance both on and off the track.

MOST POPULAR

It’s being sold by a Chinese billionaire who’s accumulated a handsome portfolio of lavish real estate in the U.S.

Motorcycle maker says Jochen Zeitz plans to retire after five years in the role.

Related Stories
Money
FAMILY MATTERS IN THE GREAT WEALTH TRANSFER
By Emma Koehn 14/01/2025
Lifestyle
Why Swimwear Star Rebecca Klodinsky Walked Away From a Celebrity-Favourite Brand
By Jeni O'Dowd 11/04/2025
Property
Jeff Bezos’s Beverly Hills Neighbour Puts Sleek Mansion up for Sale
By CHAVA GOURARIE 22/04/2025
0
    Your Cart
    Your cart is emptyReturn to Shop