Property worth more than $6million was sold at auction in Adelaide yesterday. Of the 22 auctions reported to property monitor Home Price Guide, 12 ended in under-the-hammer sales and one property sold before auction – a clearance rate of 59 per cent – while nine were passed in.
The result was a significant increase on the 51 per cent clearance last Saturday and the 44 per cent at the same time last year.
The highest reported sale at auction was a three – bedroom home at Henley Beach which went for $771,000 while the cheapest was a two-bedroom house in Mill Street, Seaton, that sold for $295,000.