Sydney clearance rates dip to 60%, with super Saturday stress next weekend

Sydney clearance rates dip to 60%, with super Saturday stress next weekend
Sydney clearance rates dip to 60%, with super Saturday stress next weekend

The weekend's initial Sydney-wide clearance rate eased to 64%, down on the 65% preliminary tally from last Saturday, which was revised to 60% after late result notifications to Australian Property Monitors.

It seems it now won't be long before the success rate dips into the 50s.

All dramatically down on the mid-80s of just six months ago.

The weekend's dearest sale was a grand Collaroy estate on a 1707sqm parcel, comprised of two separate lots under one title.

The existing residence (above) had been tightly held by the family for 65 years until its sale through Doyle Spillane.

Click to enlarge

Sydney clearance rates dip to 60%, with super Saturday stress next weekend

Click to enlarge

Sydney clearance rates dip to 60%, with super Saturday stress next weekend

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

Comments

Be the first one to comment on this article
What would you like to say about this project?