Login
Auction Activity Stalls At Weekend - November 2010
Strong auction activity stalled over the weekend, with Brisbane, Adelaide and Melbourne all recording a drop in clearance rates.
According to the latest data from Australian Property Monitors, just 17.1 per cent of properties cleared over the weekend in Brisbane – down from the 31.4 per cent achieved last weekend.
In Adelaide, the story was much the same with the clearance rate dropping to 50 per cent from 60.5 per cent the weekend prior.
Sydney was the only city to record a slight improvement in auction clearance activity, with the capital achieving a clearance rate of 56.3 per cent.
The most expensive property sold in Sydney over the weekend was a four bedroom house in Balmain for $3.1 million. The cheapest property sold was a $135,000 one bedroom unit in Rosehill.
Want to see more stories from trusted news sources?
Make Smart Property Investment a preferred news source on Google.
Click here to add Smart Property Investment as a preferred news source.
Free investor loan check
Better property decisions start with smarter lending.
A free 15-minute finance check for property investors.
What are your lending goals?
Choose a goal to request a callback.
Ready to talk?
Book a 15-minute call →Finni Pty Ltd · Australian Credit Licence 384324 · Privacy