Sydney Posts Robust Auction Clearance
With three consecutive clearance rates of +80% to show, Sydney is surely expressing itself on the property hunters. An article on the website Smart Property Investment talks about the robustness in the auction market leading to this year’s spring.
Incidentally, the 83.4 registered by Sydney is its best show in last 6 months. While the preceding four-weekend period exhibited 76.2% clearance, the present one showed 81.3% clearance. The city and the east rallied phenomenally, registering 95.1% clearance. To put things in perspective, only 2 out of the 41 properties placed under the hammer failed in finding buyers.
You can read the original article here.