The seasonal slowdown is already over: Auctions are back for 2022
The property market has had an earlier than usual jumpstart in January 2022. ...
After months of dwindling performance, Sydney returned to form last weekend, but figures still point to the boom times being over.
Last weekend saw Sydney return to form with 124 sales, according to APM PriceFinder, despite this figure being 48.1 per cent lower than the corresponding weekend last year.
Sydney’s clearance rate fell from 81.3 per cent last year to 72.5 per cent, while the median for house sales rose 6.7 per cent to $1,080,500.
Melbourne saw increased sales, jumping 13.0 per cent, with 122 properties sold.
The city’s clearance rate rose from 64.3 per cent to 79.2 per cent, while the median for houses fell 3.0 per cent to $739,500.
Adelaide recorded 16 sales, a median price of $577,000 and a clearance rate of 72.7 per cent.
Canberra vendors sold 25 homes, with a median of $598,750 and a clearance rate of 71.4 per cent.
In Brisbane, there were 27 sales with a median of $605,000 and a clearance rate of 62.8 per cent.
Across the country, sales figures were 28.8 per cent lower at 314, while the clearance rate rose from 69.8 per cent to 73.9 per cent.
Nationally, the median of houses sold fell 5.0 per cent to $775,000, while the median for units sold rose 10.0 per cent to $772,000.
The best result of the weekend went to Domain Residential in Sydney for a four-bedroom Narrabeen house which sold for $2.65 million.
Adelaide agency Toop & Toop Real Estate Toorak Gardens property for $1.54 million.got the city’s best result, selling a five-bedroom
Brisbane’s best result went to Ray White Wynnum, selling a four-bedroom house for $1.26 million.
In Canberra, Luton Properties Woden sold a five-bedroom Peace house for $1.20 million.