Blazing start to Sydney auction year: Pete Wargent

Blazing start to Sydney auction year: Pete Wargent
Blazing start to Sydney auction year: Pete Wargent
Never mind the record high temperatures in Sydney at the weekend, the preliminary auction clearance rate rose as high as an exceptionally strong 84.8 percent (CoreLogic), while Domain had the figure at 84.2 percent.

A blazing start to the auction year, then.

This was the first weekend from which there was a reasonable sample of auctions to draw data. The median auction price in Sydney was $1,200,000, which was 15 percent higher than on the corresponding weekend of last year when the median price under the hammer was $1,041,500.

There will, however, be far bigger tests ahead as auction listings ramp up from here.
 
 
PETE WARGENT is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and blogger

Pete Wargent

Pete Wargent

Pete Wargent is the co-founder of BuyersBuyers.com.au, offering affordable homebuying assistance to all Australians, and a best-selling author and blogger.

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Auctions Sydney

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