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