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Auction clearance rates improve in Sydney

By webmaster
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Sunny weather helped to boost the Sydney property market over the weekend with the New South Wales capital clearing over 62 per cent of all listed properties for auction.

The clearance rate represented a marked improvement on last weekend’s results, when just 54.5 per cent of properties sold under the hammer.

The most expensive property sold at the weekend was a $2.6 million five-bedroom house in Strathfield, while the cheapest was a three-bedroom home in Wyong, which sold for $240,000.

But while Sydney’s clearance rate picked up, Melbourne’s was down again.

The capital city cleared 60.4 per cent of properties – down from the 63.8 per cent cleared last weekend.

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