2 MIN READ‘Nearology’ factor pushing double-digit growth in these WA suburbs
Robust activity in Western Australia’s popular suburbs has caused property prices to skyrocket, yet buyers are still w...
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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.
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