Sydney's north the strongest auction performer as Central Coast dwindles

Sydney's north the strongest auction performer as Central Coast dwindles
Sydney's north the strongest auction performer as Central Coast dwindles

The northern suburbs of Sydney were the top performers last weekend as the harbour capital cleared 55 percent of its auctions, according to CoreLogic.

It's the second time in three weeks that no sub-region has cleared over 70 percent of its auctions.

The Northern Sydney and Hornsby areas were the closest, scoring the highest clearance rate across the board at just over 69 percent.

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Sydney's north the strongest auction performer as Central Coast dwindles

 

The Central Coast has been consistently hitting 50 percent over the last month, but this weekend saw its clearance rate slip to below 30 percent.

Across the capital's only Adelaide cleared over 60 percent of its stock as the winter hibernation well and truly sets in. 

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Sydney's north the strongest auction performer as Central Coast dwindles

Boxing legend Johnny Facechom didn't have troubles selling his Frankston home this weekend.

He found a pre-auction buyer for his longtime home which came with a guide of $1.2 million to $1.3 million.

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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Auctions Central Coast

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