The brewing chatter about the Government implementing checks and balances to alleviate the high sale prices on property in Sydney has done nothing to settle the hype surrounding our buoyant marketplace.
Not that we necessarily want the sizzle to stop but the prices may be prohibitive to some portions of the Real Estate market, which is understandable – but yet, we climb.
Auction clearance rates across Sydney were very healthy at the weekend with 681 Auctions listed and 525 taking place, 465 properties were sold under the hammer.
It is important to note that the median sale price has crept well above the $1,000,000 mark where it has been consistently climbing for the past few weeks. Now the median property price on Real Estate sold at Auction in Sydney is $1,110,750 after last weekend.
Thomas Merriman.
Thomas Merriman 