Sydney’s auction clearance rates continue to impress. The capital city has posted a figure of 86.1% for the third weekend of September. Especially impressive is the figure for the Sydney Inner West- a mammoth 95% clearance rate, reports an article on Your Investment Property.
The western suburbs are doing almost as well though the auction numbers aren’t that high there. Also, 91% clearance rate for the Upper North Shore was a tad higher than 84% recorded by Canterbury and Southern Sydney. For records, Northwest has clocked a tidy figure of 81% too.
You can read the original article here.
How close to 100% do you think Sydney’s clearance rates can reach, knowing that there is nothing called a 100% clearance rate?
You have a big portfolio and you have great ambitions too. Naturally, you will be looking forward to getting more than one loan serviced, for one or several properties. If this be the case, I will advice you in all earnestness to look for multiple lenders.
Over the years I have advised many first home buyers as to the right time for purchasing a home. In many cases I have found them really apprehensive and overcautious. This stratum of buyers does not trust itself too much. First home buyers readily assume that they should take the property plunge only when they have enough in their kitty. Nothing could be farther from truth.
In an article I read on The Advisor, I found that in 20 years to come Sydney may need 100,000 more homes than previously predicted. This vindicates my conviction that 50,000 (stipulated some time ago) was a really conservative figure.
