Clearance rate lowest for the year, Sydney
12 DEC 2011
7 min read
Hotspots
Sydney’s auction clearance rate dropped to its lowest this year, according to Australian Property Monitors.
The clearance rate was reported at 50.5 per cent over the weekend, the lowest recorded in 2011, despite last week’s interest rate cut.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
There were 437 reported auctions, of which 66 withdrew. The initial listing of 635 properties was higher than the same weekend in 2010.
Property prices ranged from $210,500 (Carramar) to $2.5 million (Blakehurst).
The Real Estate Institute of Victoria reported that fifty-five per cent of properties for auction cleared in Melbourne.
You need to be a member to post comments. Become a member for free today!
