Auction clearance rates improve in Sydney

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.

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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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