Last Week in Review:
The clearance rate in Sydney this week decreased to 42%. Last week the clearance rate was 43% and during this time last year the clearance rate was 47%. 324 properties went to auction this week, last week recorded 407 auctions and this time last year recorded 308.
The week's most expensive auction was on the Gold Coast. A four bedroom house, at 127 Commodore Drive, Surfers Paradise, sold for $7,550,000.
Sydney hosted the second most expensive auction. A four bedroom house at 23 Eastbourne Road, Darling Point, sold for $5,400,000.
Adelaide hosted the cheapest auction this week, where a house at 35 Whitford Road, Elizabeth South, sold at auction for $145,000.
(Source: Home Price Guide - Copyright of Australian Property Monitors)
Clearance Rates and Median Prices
Sydney Residential Auction Results 8 - 14 December 2005
Number Auctioned 324
Number Sold 160
Number Sold After Auction 5
Number Withdrawn 60
Withdrawal Rate 16%
Clearance Rate 49%
Adjusted Clearance Rate™* 42%
Auction Median Price $650,000
Total $ Value Sold $112,830,000
(Source: Home Price Guide - Copyright of Australian Property Monitors) *includes properties withdrawn prior to auction.
All auction statistics published above are Copyright Australian Property Monitors, publishers of the Home Price Guide (www.homepriceguide.com.au)
