Sydney's best and worst auction suburb guide

Sydney's best and worst auction suburb guide
Sydney's best and worst auction suburb guide

Drummoyne vendors notched up near 90 percent auctions success in the 2015 December quarter, according to a CoreLogic list of the busiest 195 auction suburbs.

Houses in the inner west suburb have a median of around $1.8 million and units around $900,000 in the suburb that is surrounded by water on three sides.

CoreLogic RP Data noted while Sydney’s auction clearance rate over the December quarter was 59 percent there were pockets of the Sydney market where clearance rate performance sits much stronger than the broader market.

For instance the eastern suburbs came in with the highest clearance rate at almost 75 percent, followed by the inner south and inner west at 67 percent.

But Blacktown and Parramatta were in the low 40s.

The research will be handy when deciding just how to list your Sydney home this year, ie by auction or private treaty.

It would be wise to ask your prospective listing agents not only how their agency went late last year but contrast their results against the overall suburban trend.

Sydney's best and worst auction suburb guide

Sydney's best and worst auction suburb guide

Sydney's best and worst auction suburb guide

Sydney's best and worst auction suburb guide

Sydney's best and worst auction suburb guide

Source CoreLogic RP Data

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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Clearance Rate Drummoyne

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