Key takeaways
The school holiday period continues to provide mixed results between capitals although listings remain elevated compared to the same period last year.
Adelaide had the strongest auction clearance rate of 78.5%.
Auction clearance results for the other capitals were:- Melbourne - 69.4%; Brisbane -65.6%; Sydney - 66.6% and Canberra - 74.5%.
The national weekend auction market reported a clearance rate of 70.9% which was again higher than the 69.5% reported over the previous weekend – but slightly lower than the 71.1% recorded over the same weekend last year.
National auction numbers were predictably lower with 1559 listings versus the previous weekends 1719, but still significantly above the 1087 listed over the same weekend last year.
Weekend auction markets have continued to report solid results through the April school holiday period, with continuing high numbers of listings compared to the same time last year.
The school holiday period continues to provide mixed results between capitals although listings remain elevated compared to the same period last year.
Auction results around Australia, Saturday April 20th 2024:
| Capital City | This Saturday | Last Saturday | ||
|---|---|---|---|---|
| Auctions | Rate | Auctions | Rate | |
| Sydney | 528 | 66.6% | 750 | 71.8% |
| Melbourne | 801 | 69.4% | 788 | 65.7% |
| Brisbane | 94 | 65.6% | 67 | 61.3% |
| Adelaide | 103 | 78.5% | 52 | 89.1% |
| Canberra | 33 | 74.5% | 62 | 59.4% |
The national weekend auction market reported a clearance rate of 69.5% which was higher than the 64.7% reported over the previous weekend – but lower than the 74.9% recorded over the same weekend last year.
National auction numbers were predictably lower with 1559 listings versus the previous weekends 1719, but still significantly above the 1087 listed over the same weekend last year.
Weekend auction markets have continued to report solid results through the April school holiday period, with continuing high numbers of listings compared to the same time last year.
Sydney auction clearance results
Sydney Reports Lower School Holiday Auction Results
The Sydney auction market recorded lower results at the weekend reflecting the impact of school holidays.
Sydney recorded a clearance rate 66.6% of at the weekend which was lower than the 71.8% recorded over the previous weekend and also lower than the 73.0% recorded over the same weekend last year.
Saturday school holiday auction numbers were predictably lower at the weekend with 528 listed versus the 750 previous weekend, but remained significantly above the 445 listed over the same weekend last year.
Sydney recorded a median price of $1,631,000 for houses sold at auction at the weekend which was lower than the $1,680,000 recorded over the previous weekend but 5.2% higher than the $1,550,000 recorded over the same weekend last year.
The City and East recorded the highest regional clearance rate at the weekend at 77.2% followed by the Upper North Shore at 76.6% and the Inner West 72.7%. The South West reported the lowest clearance rate at 54.7%.
The clearance rate for houses was 66.5% with units higher again this weekend at 67.2%.
The top reported Sydney auction sale at the weekend was a 3-bedroom unit at 6/10 Lincoln Cr Woolloomooloo that sold for $6,537,500. View top selling home here 6/10 Lincoln Cr Woolloomooloo
The most affordable home reported sold at auction in Sydney at the weekend was a 2-bedroom unit at 4/13 Kingsland Rd S Bexley that sold for $463,000.
Melbourne auction clearance results
Higher Melbourne Results
Clearance rates were higher in Melbourne this weekend with listings also on the rise.
Melbourne recorded a clearance rate of 69.4% on Saturday which was higher than the 65.7% recorded over the previous weekend but again lower than the 76.7% recorded over the same weekend last year.
801 homes were reported listed over the weekend which was higher than the 788 auctioned over the previous weekend and again well ahead of the 507 listed over the same weekend last year.
Melbourne recorded a median price of $1,025,000 for houses sold at auction at the weekend which was again higher than the $981,000 reported over the previous weekend and 3.0% higher than the $995,000 recorded over the same weekend last year.
Melbourne’s North East reported the top regional clearance rate on Saturday with 75.1% closely followed by the Inner East at 74.3% and the Outer East 73.8%. The Inner City again recorded the lowest regional rate at 57.6%.
The house clearance rate was 68.3% with units higher again this weekend at 73.8%.
Melbourne’s top reported auction sale at the weekend was a 5-bedroom house at 25 Winston St Glen Waverley that sold for $4,010,000. View top selling home here 25 Winston St Glen Waverley
The most affordable home reported sold at auction in Melbourne at the weekend was a 1-bedroom unit at 4/202 Pascoe Vale Rd Essendon that sold for $290,000.
Top Brisbane Auction Results
Top Adelaide Auction Results
Top Canberra Auction Results
- Also read:Auction clearance results April 20th – Mixed Weekend Auction Results Over School Holidays
- Also read:Vacancy Rates Remained Steady at 1.0% | SQM Research
- Also read:Dr. Andrew Wilson Decodes the Property News: Find Out What’s Really Coming! | Property Insiders [Video]
- Also read:Perth housing market update [video] | April 2024
- Also read:This week’s Australian Property Market Update – Latest Data, State by State April 16th 2024
