Good news, First home buyers are returning to the market with the strongest presence since 2012 making 2017 a year of extreme variation.
According to RPData there were almost 2,500 first home buyers present in the market in August 2017 which was the highest number since Early 2012 with the lowest being earlier this year.
While first home buyers are not dominating the Upper North Shore market the sale of the properties that they are buying are driving the market from the bottom and we are currently seeing a lot of second home buyers moving from these popular areas.
There were originally 663 properties scheduled to go under the hammer with 368 taking place and 295 reportedly sold with 51 withdrawn for whatever reason.
The Clearance rate was 70% and the median sale price of cleared Auction property was $1,292,500.
Thomas Merriman.
Thomas Merriman 