Sydney’s preliminary auction clearance rate hit 83% last week with almost two-thirds of properties sold before auction day. Although Canberra went into lockdown ahead of the weekend, its auction clearance rate was still 82%, followed by Brisbane with a clearance rate of 75% and Melbourne with a slightly subdued 63%, after a third of planned auctions were withdrawn.
Solid prices were achieved across the weekend including a whole floor penthouse with Sydney Harbour views in Manly which sold for $6.6 million. In Victoria a five-bedroom home in Brighton sold for $9.7 million, after just two inspections, achieving a suburb record of $19,000 per square metre.
Adelaide had a median sale price of $810,000 for homes which went to auction last weekend, while in Brisbane it was $915,000.