News

April 27, 2017

Sydney auction market returns with clearance rates on the slide, but prices still rising

The Sydney auction market slipped backwards on Saturday following the previous weekend’s Easter holiday break in activity.

Sydney recorded a clearance rate of 75.6 per cent at the weekend, which was the lowest result since the season began in February. The lower rate followed five consecutive Saturday results above 80 per cent before, but remained well ahead of the 71.2 per cent over the same weekend last year.

A total of $311.2 million of property was reported sold at auction.

 

Click here for more information