Sydney And Melbourne’s Clearance Rates Slide
However strong results persist nationwide.
However strong results persist nationwide.
Auction markets resumed on Saturday following last weekend’s pause in activity for the Easter holiday break.
Clearance rates continued to reflect boom-time market conditions in all capitals however Melbourne and Sydney were well down on recent weekend results posting 79.1% and 82.4% clearance respectively.
Sydney, while strong at 82.4%, was well below the 90.4% recorded a fortnight ago and reported the lowest clearance rate since the 81.1% recorded on Saturday January 30.
Auction numbers in the Harbour City remained robust with 785 listings while the median price for houses sold at auction on the weekend of $1,550,000 was only 1.4% lower than the previous fortnight’s results.
Melbourne fell to a year low after the Easter holiday break reporting a rate of 79.1%. A total of 905 homes were listed for auction which, while healthy, produced a median price of $945,750 for houses sold at auction on the weekend, down 6.8% from Super Saturday.
However, despite Sydney and Melbourne’s slip, Brisbane performed well at 90.7%, while Adelaide (86.4%) and Canberra (92.5%) continued to surge.
Across the nation listings numbers were also, predictably lower compared to the auctions conducted over Super Saturday a fortnight ago, with markets slowed by school holidays.
Data powered by Dr Andrew Wilson of MyHousingMarket.com.au
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