Every week I make comment on the Auction Clearance Rates and yet I still feel as though the actual clearance rate is becoming less and less important as the market changes. However, the market changes are not all bad.
There were originally 992 Auction scheduled to take place with only 605 going up and 449 reported to have sold under the hammer. However, the median sale price was $1,310,000 which shows that we saw a lot of expensive property go under the hammer.
Our office had 4 Auctions and 100% sale rate at Auction while the North Shore overall had a clearance rate of around 70%.
Sydney’s overall market Clearance rate was 65%.
Thomas Merriman.
Thomas Merriman 