Auction clearance rates in Australia held steady over the weekend, with the number of properties listed for auction rising over the weekend as most school holidays are now over.
There were 1,442 properties listed for sale last Saturday in Australia, similar to the 1,355 properties the week before last Saturday, but still much lower than the same week last year.
With the media full of negative messages and the spectre of rising interest rates faster than many expected, buyers remain cautious and vendors are also losing confidence fast, with auctions being cancelled or withdrawn from sale.
There are total of 597 properties listed for auction this weekend and 112 properties were withdrawn from sale.
Realestate.com.au reported that there were 1,121 private sales in New South Wales over the last week, the number is similar to 1,158 private sales last week. But, of course, many off-market Sydney property sales would not have been reported.
The clearance rate for houses was 63.2%, with units lower this weekend at 48.5%.
Last Saturday Sydney Auction Top5 House
▼TOP 1. AUD$9,500,000
Address: 11 Pellitt Lane, Dural NSW 2158
Land Size: 2.12 ha
Internal Area: 554 sqm
House | 5 Bedrooms | 4 Bathrooms | 8 Parking
▼TOP 2. AUD$6,298,000
Address: 22a Charlton Ave, Turramurra NSW 2074
Land Size: 1,311 sqm
Internal Area: 502 sqm
House | 5 Bedrooms | 4 Bathrooms | 4 Parking
▼TOP 3. AUD$5,220,000
Address: 42 Boomerang St, Turramurra NSW 2074
Land Size: 999 sqm
Internal Area: 384 sqm
House | 5 Bedrooms | 3 Bathrooms | 2 Parking
▼TOP 4. AUD$4,700,000
Address: 10 Cranstons Rd, Middle Dural NSW 2158
Land Size: 1.8 ha
House | 3 Bedrooms | 2 Bathrooms | 4 Parking
▼TOP 5. AUD$4,530,000
Address: 34 Tripod St, Concord NSW 2137
Land Size: 676.6 sqm
House | 5 Bedrooms | 3 Bathrooms | 2 Parking
Last Saturday Sydney Auction Top5 Units
▼TOP 1. AUD$3,880,000
Address: 9/48 Addison Rd, Manly NSW 2095
Unit | 3 Bedrooms | 2 Bathrooms | 2 Parking
▼TOP 2. AUD$3,250,000
Address: 25/25-29 Victoria Pde, Manly NSW 2095
Unit | 2 Bedrooms | 2 Bathrooms | 2 Parking
▼TOP 3. AUD$3,200,000
Address: 22 Wilson St, Maroubra NSW 2035
Semi | 3 Bedrooms | 2 Bathrooms | 1 Parking
▼TOP 4. AUD$3,150,000
Address: 6/88 Milson Rd, Cremorne Point NSW 2090
Unit | 3 Bedrooms | 2 Bathrooms | 1 Parking
▼TOP 5. AUD$2,875,000
Address: 3/6 Challis Ave, Potts Point NSW 2011
Unit | 2 Bedrooms | 2 Bathrooms | 2 Parking
(Data from domain.com.au realestate.com.au corelogic.com.au & realtisan.com.au)