Perth agents secure just two sales in 13 percent weekend auction success rate

Perth agents secure just two sales in 13 percent weekend auction success rate
Perth agents secure just two sales in 13 percent weekend auction success rate

Of all the capital cities, Perth remains the one with the weakest clearance rate.

The initial results came in at 13 percent of the homes listed for weekend auction.

Some 32 homes were taken to auction in Perth but only two were confirmed as sold in the 15 available auction results.

There were some 17 auction results still unavailable.

Perth agents secure just two sales in 13 percent weekend auction success rate

This compares to an overall clearance rate of 50 percent on the 1,850 homes taken to auction across the combined capital cities this week.

Compared to last week, where the final auction clearance rate came in at 49.5 per cent across a slightly lower 1,817 auctions.

Perth agents secure just two sales in 13 percent weekend auction success rate

In Perth 10 Allora Avenue, Subiaco (pictured above in title), did not sell despite the listing stating "MUST BE SOLD."

The four bedroom two bathroom house is set on a 309 sqm parcel and had no available asking price.

Last sold in 2015 for $1,475,000, the home has been on and off market since 2017 and was listed for rent at $1000 per week as recently as September.

Perth agents secure just two sales in 13 percent weekend auction success rate

Another home that was unsuccessful at auction in Perth this weekend is 24/288 Lord Street, Highgate (pictured above).

The "brand new" two bedroom, 1 bathroom unit built in 2015 was asking for offers around $369,000.

Set on 85 sqm the apartment that previously held that space sold for $485,000 in 2013, making this asking price a drop of over $100,000.

Perth agents secure just two sales in 13 percent weekend auction success rate

Even one of the properties that sold couldn't be classified as a success, 28 The Riverwalk, Ascot (pictured above) was sold by the mortgagees for a loss.

The home sold for $900,000 a loss of $220,000 from its sale price of $1.12 million in 2007.

The four bedroom one bathroom house is set on a 495 sqm block and has been listed on and off since 2010.

Perth agents secure just two sales in 13 percent weekend auction success rate

The only other home to succeed in selling was a deceased estate located at 39 Mereworth Way, Marangaroo (pictured above).

Set on 720 sqm, the three bedroom one bathroom home is zoned R20/40 and according to the listing has potential for 3 townhouse/units.

Last sold for $99,000 in 1989 the home was sold via an online auction.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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Perth Clearance Rate

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