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%.
Source: APM
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.
