Auction numbers remained relatively high at the weekend with clearance rates still generally positive for most sellers.

Source: My Housing Market

The national weekend auction market reported a clearance rate of 61.0%, which was again just below the 62.1% reported over the previous weekend – but well below the 68.7% recorded over the same weekend last year.

National auction numbers were marginally lower than the previous weekend, with 2373 listings versus the previous weekend’s 2499, but remained significantly higher than the 1989 listed over the same weekend last year.

Home auction markets will be severely tested next weekend, with the pre-Melbourne Cup Super-Saturday set to deliver a flood of auctions.

Sydney auction results

Sydney Clearance Rate Rises Sharply Despite Another Big Weekend of Auctions

The Sydney auction market reported a sharply higher clearance rate at the weekend despite another big weekend of auctions testing buyer depth.

Sydney recorded a clearance rate of 71.3% at the weekend which was well ahead of the 67.4% recorded over the previous weekend and just below the 72.7% rate recorded over the same weekend last year.

Auction numbers were relatively steady at the weekend with 996 listed versus the 1052 recorded over the previous weekend, but remained again well ahead of the 764 listed over the same Saturday last year.

Sydney recorded a median price of $1,765,000 for houses sold at auction at the weekend which was higher than the previous weekend’s $1,567,500 and 7.8% higher than the $1,637,500 recorded over the same weekend last year.

The Lower North recorded the highest regional clearance rate at the weekend at 81.3% followed by the South at 78.0% and the Inner West 77.2%. The North West reported the lowest clearance rate at 49.5%.

The clearance rate for houses was 69.1% with units higher this weekend at 76.7%.

The top reported Sydney auction sale at the weekend was a 8-bedroom house at 52 Woodside Av Strathfield that sold for $12,500,000. View top selling home here 52 Woodside Av Strathfield

The most affordable home reported sold at auction in Sydney at the weekend was a 3-bedroom unit at 25G/351 Hume Hwy Bankstown that sold for $501,000.

Melbourne auction results

Auction Clearance Rates Higher at the Weekend

Melbourne clearance rates increased sharply at the weekend despite another big Saturday of auction numbers.

Melbourne recorded a clearance rate of 63.7% on Saturday which was well ahead of the 60.7% recorded over the previous weekend but again lower than the 69.8% recorded over the same weekend last year.

1056 homes were reported listed over the weekend which was again similar to the 1066 auctioned over the previous weekend but higher than the 955 listed over the same weekend last year.

Melbourne recorded a median price of $1,050,000 for houses sold at auction at the weekend which was higher than the $980,000 reported over the previous weekend but 9.3% lower than the $1,157,500 recorded over the same weekend last year.

Melbourne’s Inner East reported the top regional clearance rate on Saturday with 68.9% followed by the Outer East at 67.3% and the South East at 67.0%. The North recorded the lowest regional rate at 58.1%.

The house clearance rate for houses was 65.1% with units lower this weekend at 62.9%.

Melbourne’s top reported auction sale at the weekend was a 4-bedroom house at 17 Cumberland Av Balwyn North that sold for $3,810,000. View top selling home here 17 Cumberland Av Balwyn

The most affordable home reported sold at auction in Melbourne at the weekend was a 2-bedroom unit at 9/189 Bayswater Rd Bayswater North that sold for $340,000.

Brisbane auction Results

Adelaide auction results

Canberra auction results