Weekend Auctions: Sydney Soars As Melbourne Stumbles

Auction results over the weekend have shown a huge disparity between the two major auction cities causing the national auction results to drop to 65.9% from the previous week’s 69.7%

Sydney’s auction clearance rate ended at an impressive 75.5% with 332 properties sold under the hammer. Melbourne, on the other hand, was only able to sell 397 of the 738 properties, ending at a poor clearance rate of 63.9%. Nationally, auction clearance rates finished with mixed results as Adelaide ended with a 75% clearance rate and Brisbane with a measly 35.3%.

Read more about this on the Property Observer website.

Author: Dorian Traill

Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

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