latest-hotspots

Auction Clearance Rates 1st December 2012

By Staff Reporter

Clearance rates at auction dipped very slightly on Saturday, compared to the weekend before, perhaps signaling a slow down towards Christmas.

According to Australian Property Monitors (APM), 54.0 per cent cleared in Sydney on Saturday, compared to 54.2 per cent the week before. This trend was repeated in Melbourne, at 59.2 per cent compared to 60.2 per cent the week prior.

The most expensive property was in Sydney's Strathfield, which went for $2,820,000 while the most affordable property came in at $142,000 (in Sydney's Woollahra). The median price of properties up for auction in Sydney was $946,000 (houses) and $600,000 (units), while in Melbourne this was seen at $615,000 (houses) and $465,000 (units).

Adelaide and Brisbane recorded a clearance rate of 46.3 and 34.0 per cent respectively, showing growth on previous results seen.

Comparative Auction Clearance Rates

For detailed APM house price reports, visit www.homepriceguide.com.au


alt

Auction Clearance Rates 1st December 2012
SPI logo
Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%