This article is from the Australian Property Journal archive
The interest rate rise last week has put the residential property auctions market on the back foot, according to the Home Price Guide by Australian Property Monitors.
According to the Home Price Guide, property listings dipped in Sydney, Melbourne, Adelaide and Brisbane last Saturday after recovering slightly a week earlier.
In addition, there were fewer property listings last Saturday when compared to the same time last year.
Last Saturday, Sydney was the only city to record more sales than last week when compared to the same time 12 months ago.
In Sydney, 165 properties were listed for auction of which 76 were sold, resulting in an auction clearance rate of 52.1%. The total value of properties sold was $58.4 million.
In Melbourne, 414 properties went under the hammer of which 145 were sold, resulting in an auction clearance rate of 57.8%. The total value of properties sold was $61.4 million.
Last Saturday in Adelaide, 37 properties were listed for auction of which 17 were sold, resulting in an auction clearance rate of 56.7%. The total value of properties sold was $5.7 million.
Meanwhile in Brisbane, 37 properties were auctioned of which 10 were sold, resulting in an auction clearance rate of 41.7%. The total value of properties sold was $6.1 million.
Meanwhile, last week, the latest figures from APM show house prices on the east coast of Australia have fallen in the March 2006 quarter.
In Sydney, the median house price fell by 1.1% to $516,000, easing 3.8% when compared to March 2005.
In Melbourne, house prices fell by 1.1% to $267,000, however, were higher by 0.9% in the 12 months to March 2006.
Brisbane house prices also fell by 2.4% decline to $247,000 in the March 2006 quarter, however, houses prices were 0.5% higher when compared to the March 2005 quarter.
Only Perth, Adelaide and Darwin recorded median house price increases during the quarter.
By Kathryn O’Meara
Home Price Guide® Auction Results – SYDNEY SUMMARY
|
|
This Saturday
|
Last Saturday
|
This Saturday Last Year
|
|
Total Listed for auction
|
165
|
244
|
203
|
|
Withdrawn
|
21
|
30
|
25
|
|
Unreported to date
|
19
|
6
|
31
|
|
|
|
||
|
Number Reported Auctioned
|
125
|
208
|
147
|
|
Number Passed in
|
49
|
81
|
77
|
|
Sold Prior
|
21
|
35
|
18
|
|
Sold Under the hammer
|
55
|
91
|
52
|
|
Total Number sold
|
76
|
126
|
70
|
|
Total Dollar value sold
|
$58.4M
|
$84.6M
|
$46.0M
|
|
Sold After
|
0
|
2
|
3
|
|
|
|
||
|
Clearance Rate
|
52.1%
|
52.9%
|
40.7%
|
52 Week hi – 63%
52 Week low – 40%
52 Week low – 40%
Dearest:
6 Kingston St, Haberfield. 4 br house. McGrath Estate Agents $1,720,000
6 Kingston St, Haberfield. 4 br house. McGrath Estate Agents $1,720,000
Cheapest:
68 Captain Cook Dr, Willmot. 3 br house. Century 21 Ben Price Real Estate $185,000
68 Captain Cook Dr, Willmot. 3 br house. Century 21 Ben Price Real Estate $185,000
Home Price Guide® Auction Results – MELBOURNE SUMMARY
|
|
This Saturday
|
Last Saturday
|
This Saturday Last Year
|
|
Total Listed for auction
|
414
|
690
|
527
|
|
Withdrawn
|
6
|
7
|
5
|
|
Unreported to date
|
163
|
289
|
135
|
|
|
|
||
|
Number Reported Auctioned
|
245
|
394
|
387
|
|
Number Passed in
|
93
|
145
|
172
|
|
Sold Prior
|
43
|
69
|
43
|
|
Sold Under the hammer
|
102
|
171
|
161
|
|
Total Number sold
|
145
|
240
|
204
|
|
Total Dollar value sold
|
$61.4M
|
$93.9M
|
$86.7M
|
|
Sold After
|
7
|
11
|
14
|
|
|
|
||
|
Clearance Rate
|
57.8%
|
59.9%
|
52.0%
|
52 Week hi – 63%
52 Week low – 46%
52 Week low – 46%
Dearest:
2a Newbay Cr, Brighton. 3 br house. Buxton Brighton $2,325,000
2a Newbay Cr, Brighton. 3 br house. Buxton Brighton $2,325,000
Cheapest:
8 Moolong Ct, Werribee. 4 br house. P Di Natale Werribee Pty Ltd $200,000
8 Moolong Ct, Werribee. 4 br house. P Di Natale Werribee Pty Ltd $200,000
Home Price Guide® Auction Results – ADELAIDE SUMMARY
|
|
This Saturday
|
Last Saturday
|
This Saturday Last Year
|
|
Total Listed for auction
|
37
|
50
|
55
|
|
Withdrawn
|
1
|
1
|
2
|
|
Unreported to date
|
7
|
5
|
4
|
|
|
|
||
|
Number Reported Auctioned
|
29
|
44
|
49
|
|
Number Passed in
|
12
|
19
|
28
|
|
Sold Prior
|
4
|
4
|
5
|
|
Sold Under the hammer
|
13
|
21
|
16
|
|
Total Number sold
|
17
|
25
|
21
|
|
Total Dollar value sold
|
$5.7M
|
$7.4M
|
$6.1M
|
|
Sold After
|
0
|
0
|
2
|
|
|
|
||
|
Clearance Rate
|
56.7%
|
55.6%
|
41.2%
|
52 Week hi – 71%
52 Week low – 0%
52 Week low – 0%
Dearest:
29 Stewart St, Henley Beach. 4 br house. Brock Harcourts Henley Beach $630,000
29 Stewart St, Henley Beach. 4 br house. Brock Harcourts Henley Beach $630,000
Cheapest:
2 Brampton Ct, Hallett Cove. 4 br house. Elders Hallett Cove $290,500
2 Brampton Ct, Hallett Cove. 4 br house. Elders Hallett Cove $290,500
Home Price Guide® Auction Results – BRISBANE SUMMARY
|
|
This Saturday
|
Last Saturday
|
This Saturday Last Year
|
|
Total Listed for auction
|
37
|
49
|
67
|
|
Withdrawn
|
2
|
1
|
1
|
|
Unreported to date
|
13
|
8
|
21
|
|
|
|
||
|
Number Reported Auctioned
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