Sydney's spring clearance rate dips into the 60s

Sydney's spring clearance rate dips into the 60s
Sydney's spring clearance rate dips into the 60s

Sydney has had the lowest spring clearance rates in three years - at 71.3% in the preliminary weekend auction tally by Australian Property Monitors.

"We may be looking at a clearance rate below 70% before year's end," Domain Group senior economist Dr Andrew Wilson said. 

"That could even happen at next weekend's Super Saturday."

In fact APM's revised result for the September 12 auctions was put at 69.2%.

Click to enlarge

Sydney's spring clearance rate dips into the 60s

 

Click to enlarge

Sydney's spring clearance rate dips into the 60s

 

Source: APM

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Auctions Clearance Rate

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