Auction clearance rates improve in Sydney
14 MAR 2011
1 min read
Hotspots
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.
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!
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.
You need to be a member to post comments. Become a member for free today!