Thin volumes key feature of weekend auctions
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Jul 25, 2016
Thin volumes key feature of weekend auctions
Volumes remain low as sellers wait for spring.
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Image by Ray White.This property at 304 Jersey Road, Woollahra, was the most expensive sold at auction over the weekend, selling for $6.85 million. -
Image by Ray White. -
Image by Ray White. -
Image by Ray White.
The preliminary clearance for auctions over the weekend was 70.7%, roughly equal to last week’s rate of 70.5%.
Over the weekend, 1,295 auctions were held across the capital cities, compared with 1,391 the previous week.
Melbourne and Sydney once again showed the strongest clearance rates of 72.4% and 75.3% respectively.
However, volumes were down on last week in both Sydney and Melbourne. In Sydney, only 448 auctions were scheduled, and in Melbourne 569 were due to be auctioned.
Read more:
Auction clearances steady on the weekend as the nation switches to football
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