The residential property auction market in Sydney started summer on a weaker note, as sellers continued to flood the market ahead of the usual seasonal end-of-year lull in the Australian housing market.
Sydney reported a clearance rate of 75.8% on Saturday, which was the lowest recorded by the local market for more than four months, but still significantly higher than the 57.5% recorded on the corresponding weekend last year.
Despite the lower clearance rate, it was nevertheless viewed as a good result for sellers and reflected the sharp rise in listings over recent weekends.
.png)
.jpg)
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment