The Australian property market has continued to follow a 5 year trend with regard to the amount of stock, listed auctions and Auction clearance rates. (RPData)
Of course, the above figures are a reflection of the overall market and don’t highlight the extremes highs of the Sydney and Melbourne market or the disappointing results of Perth and Brisbane in isolation. However, show that we are a smaller part of a larger successful machine.
The Auction clearance rate for the March quarter was up around 63.6% for Sydney which is up from 57.7% in the December ’17 quarter.
Further, the north shore from North Sydney to Hornsby has been up around 67% and outstanding suburbs like West Pymble 72%, Pymble 63% and Turramurra 61% are helping to keep the figure up there.
Last weekend the clearance rate was 62% with a median sale price around $1,223,000.
Thomas Merriman.
Thomas Merriman 