Auction clearance rates improve in Sydney
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Auction clearance rates improve in Sydney

By webmaster

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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Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
SOLDIERS POINT 48.92%
2.
BLUE BAY 43.96%
3.
BERKELEY VALE 42.74%
4.
LEMON TREE PASSAGE 42.55%
5.
NORTH NARRABEEN 40.19%
Auction clearance rates improve in Sydney
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