Sydney auction success rates sits in the 70s

Sydney auction success rates sits in the 70s
Sydney auction success rates sits in the 70s

Sydney saw a preliminary clearance rate at 72.2 per cent after 435 reported results were received.

Of these, 67 properties withdrawn from auction and there are further results yet to be be advised from the 610 scheduled auctions on Saturday in Sydney.

One of the big sales saw a non-harbourfront Vaucluse semi (above and below) sell for $5.5 million.

Domain reported the two-bedroom home at 10 Coolong Road, on the market for the first time in 45 years, was knocked down to near neighbour, estate agent Alexander Phillips.

There were nine registered parties who took the bidding at the Sotheby's auction to $2 million over reserve.

Sydney auction success rates sits in the 70s

CoreLogic figures had a 72.4 per cent clearance from the 562 reported results of its 679 scheduled auction tally.

It was up on the previous week's preliminary 70.4 per cent rate which was revised down to 65.9 per cent after late results.

Canberra saw a preliminary clearance rate of 89 per cent after 65 reported results of its 74 scheduled sales.

It was 64 per cent in Adelaide and 61.9 per cent in Brisbane.

There were only 13 auctions scheduled across Victoria on Saturday, with in-person auctions resuming in regional Victoria.

An older-style home in Edithvale sold under the virtual hammer with 84 Rae Avenue fetching $963,500.

It sold to a developer, Domain reported.

Tags: 
Clearance Rate Vaucluse

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