Key takeaways
Weekend auction markets have reported more solid to strong results generally despite the distractions of school holidays now underway in all capitals.
Adelaide had the strongest auction clearance rate of 89.1%.
Auction clearance results for the other capitals were:- Melbourne - 65.7%; Brisbane -61.3%; Sydney - 71.8% and Canberra - 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 1719 listings versus the previous weekends 1863, but significantly above the 1426 listed over the same weekend last year.
Weekend auction markets have continued to report positive results despite the April school holiday period, with continuing high numbers of listings compared to the same time last year.
Weekend auction markets have reported more solid to strong results generally despite the distractions of school holidays now underway in all capitals.
Auction results around Australia, Saturday April 13th 2024:
| Capital City | This Saturday | Last Saturday | ||
|---|---|---|---|---|
| Auctions | Rate | Auctions | Rate | |
| Sydney | 750 | 71.8% | 908 | 72.1% |
| Melbourne | 788 | 65.7% | 707 | 65.9% |
| Brisbane | 67 | 61.3% | 86 | 57.8% |
| Adelaide | 52 | 89.1% | 95 | 73.5% |
| Canberra | 62 | 59.4% | 67 | 54.2% |
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 1719 listings versus the previous weekends 1863, but significantly above the 1426 listed over the same weekend last year.
Weekend auction markets have continued to report positive results despite the April school holiday period, with continuing high numbers of listings compared to the same time last year.
Sydney auction clearance results
Sydney Reports Robust School Holiday Auction Results
The Sydney auction market continued to report robust weekend auction market results with relatively steady clearance rates despite continuing seasonally high numbers of auctions.
Sydney recorded a clearance rate of 71.8% at the weekend which was slightly lower than the 72.1% recorded over the pre-Easter weekend and also lower than the 78.7% recorded over the same weekend last year.
Saturday school holiday auction numbers were predictably lower at the weekend with 750 listed versus the 908 previous weekend, but remained significantly above the 607 listed over the same weekend last year.
Sydney recorded a median price of $1,680,000 for houses sold at auction at the weekend which was higher than the $1,610,000 recorded over the previous weekend and 9.1% higher than the $1,540,000 recorded over the same weekend last year.
The South recorded the highest regional clearance rate at the weekend at 80.1% followed by the Lower North and Northern Beaches each at 78.5%. The Central Coast reported the lowest clearance rate at 41.2%.
The clearance rate for houses was 73.4% with units lower again this weekend at 68.5%.
The top reported Sydney auction sale at the weekend was a 4-bedroom house at 308 Bobbin Head Rd Turramurra that sold for $4,360,000.
View top selling home here 308 Bobbin Head Rd Turramurra
The most affordable home reported sold at auction in Sydney at the weekend was a 1-bedroom unit at 348/58 Cook Rd Centennial Park that sold for $400,000.
Melbourne auction clearance results
More Steady Melbourne Results Despite School Holiday Distractions
Clearance rates were relatively steady again in Melbourne despite continuing school holidays distractions.
Melbourne recorded a clearance rate of 65.7% on Saturday which was similar to the 65.9% recorded over the previous weekend but again lower than the 75.1% recorded over the same weekend last year.
788 homes were reported listed over the weekend which was higher than the 707 auctioned over the previous weekend and but again well ahead of the 623 listed over the same weekend last year.
Melbourne recorded a median price of $981,000 for houses sold at auction at the weekend which was higher than the $936,500 reported over the previous weekend and 3.8% higher than the $945,000 recorded over the same weekend last year.
Melbourne’s South East reported the top regional clearance rate on Saturday with 73.8% closely followed by the Outer East at 73.7% and the North East 70.1%.
The Inner City recorded the lowest regional rate at 58.9%.
The house clearance rate was 65.0% with units higher again this weekend at 68.3%.
Melbourne’s top reported auction sale at the weekend was a 3-bedroom house at 18 Cremorne St Balwyn that sold for $3,060,000.
View top selling home here 18 Cremorne St Balwyn
The most affordable home reported sold at auction in Melbourne at the weekend was a 1-bedroom unit at 20/61-85 Punt St Craigieburn that sold for $305,000.
Top Brisbane Auction Results
Top Adelaide Auction Results
Top Canberra Auction Results
- Also read:Auction clearance results April 13th – More Positive Auction Results Despite School Holiday Distractions
- Also read:Adelaide housing market update [video] | April 2024
- Also read:Melbourne housing market update [video] | April 2024
- Also read:CoreLogic National housing market update [video] | April 2024
- Also read:Everything you need to know about the state of Australia’s property markets in 20 charts – April 2024
