Residential auctions strong

Last weekend, Sydney and Melbourne enjoyed strong auction results.

In Sydney 3008 properties were listed for auction and 194 sold, according to figures from Australian Property Monitors. Volumes were up, with $156.1 million of housing sold, compared to $91.4 million this time last year.

In Melbourne, 803 homes were listed and 503 sold. Sales volumes were almost double this time last year, at $255.4 million.

Now the election has been called, home buyers may shift into a wait-and-see mode, given that consumers historically tend to delay big decisions in during election campaigns.

You can help us (and help yourself)

Small and medium businesses and startups have never needed credible, independent journalism and information more than now.

That’s our job at SmartCompany: to keep you informed with the news, interviews and analysis you need to manage your way through this unprecedented crisis.

Now, there’s a way you can help us keep doing this: by becoming a SmartCompany supporter.

Even a small contribution will help us to keep doing the journalism that keeps Australia’s entrepreneurs informed.