Winter Auction Market Reports Slow And Steady Results
Sydney recorded its highest clearance rate since early July.
Sydney recorded its highest clearance rate since early July.
Weekend auction markets have ended July with solid winter results across the nation’s capitals.
The national auction market reported a clearance rate of 62.0% at the weekend — up on the 60.1% reported last weekend but lower than the 83.6% recorded over the same weekend last year.
The national auction numbers were again higher at the weekend with 1543 listings compared to last weekend’s 1487 — well below the same weekend last year’s 2203 auctions.
In Sydney, there was a small lift in the clearance rate with the NSW capital recording its highest weekend rate since early July of 62.5% — well above those of recent weeks. The result was also an improviement on last weekend’s 57.9% yet remained well below the 79.1% recorded over the same weekend last year.
Auction numbers were similar to the previous weekend with 570 reported compared to the 575 of the weekend prior. These figures are lower than the 623 auctioned over the same weekend last year.
Sydney recorded a median price of $1,497,000 for houses sold at auction at the weekend — lower than the $1505,500 recorded last weekend but 12.0% lower than the same weekend last year’s $1,700,661.
Melbourne’s weekend auction market has finished July with yet another consistent clearance rate with buyers and sellers engaging the mid-winter market.
The Victorian capital reported a clearance rate of 60.5% on Saturday which was yet again similar to the previous weekend’s 60.7% but again lower than the 77.6% recorded over the same weekend last year.
A total of 692 homes were reported listed at the weekend — higher than the 627 reported over the previous weekend but again well below the 1264 listed over the same weekend last year.
Melbourne recorded a median price of $970,000 for houses sold at auction at the weekend which was lower than the $1,000,000 reported last weekend but 0.3% higher than the $967,000 recorded over the same weekend last year.
Data powered by Dr Andrew Wilson, My Housing Market.
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