Once again, the Sydney market proves to have out-performed all the ‘professional’ speculation from multiple sources and absurd claims in the style of boom busting bubble pop. There was speculation that the start of the year would be a fizzer and that the bubble was growing too big, does that mean people either, don’t care or don’t believe it?
There were 648 Auctions scheduled to take place at the weekend and 459 of them were reported to have taken place, of that, 379 were reported to have sold under the hammer. There were also 34 withdrawn – for whatever reasons.
This is a 77% clearance rate for property sold at Auction, these are 2015 BOOM MARKET numbers.
The big news, the median sale price for property sold at the Weekend at Auction was $1,200,000 which is well above the reported average for property sold in general in Sydney.
Other capital cities were up and Auction clearance rates averaged up at the weekend.
Thomas Merriman.
Thomas Merriman 