Sydney remains the standout winter weekend auction capital city

Sydney remains the standout winter weekend auction capital city
Sydney remains the standout winter weekend auction capital city

Sydney’s preliminary weekend success rate sat at 69.5 per cent, after 449 auctions, 46 withdrawals and 259 reported results.

It outdid Melbourne where Domain reported a 57 per cent clearance rate on Saturday from 272 reported results. There were 410 properties scheduled for auction, 37 of which were withdrawn.

Melbourne has the top reported result when $4.12 million was paid at a Marshall White auction of 33 Bangarra Road, Canterbury.

The five-bedroom, Federation-style home sold for $470,000 above the reserve as three bidders fought it out.

The property last sold for $521,000 in 1998.

Sydney's top sale was $3.8 million for the three bedroom 24 Flinton Street, Paddington (pictured below).

Sydney remains the standout winter weekend auction capital city

It sold to an expatriate buyer at its reserve price.

The price guide had been $3.5 million.

The nation's cheapest sale was $256,000 for the one bedroom at 7/15 Navigator Street, Maribyrnong (pictured below).

Sydney remains the standout winter weekend auction capital city

The next cheapest was $261,000 on Brisbane's outskirts when a four bedroom home for 36 Nyanza Street, Woodbridge.

It last sold at $245,000 in 2007.

Tags: 
Clearance Rate Weekend Auctions

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