Day: August 16, 2020

Weekend auctions: ‘Standout’ results in Sydney as Melbourne holds fort

Age was more than just a number at three extraordinary Sydney auctions this weekend, while stage four lockdowns continued to keep most Melbourne bidding on hold.

A rise in scheduled sales in the Harbour City saw some “standout results” coming in well above reserve, including a four-bedroom Cronulla home that sold for $2.21m – $210,000 above expectations.

Latest auction data shows New South Wales has a clearance rate of 80% for the week to date, while Victoria’s preliminary clearance rate currently stands at 70%.

Here’s what happened in the auction capitals this weekend.

A historic Woollahra home was

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