Another strong week of reporting.
In short; The Government is still throwing around ‘popular’ solutions for ‘fix’ the housing market. There is still speculation of lower interest rates. Foreign buyers are back in the spotlight. And, Winter has done nothing to cool the property market in Sydney.
There was originally 573 Auctions scheduled to take place with 386 reported to have gone up and 320 reported to have sold under the hammer, with 28 withdrawn for whatever reason.
The Auction Clearance rate was 77% by most reports and this reflects the markets direction same time last year – roughly.
The median price for property sold at Auction was strong at $1,110,000.
Thomas Merriman.
Thomas Merriman 