Sydney secures its sixth 80% plus weekend auction success rate, sort of

There was a preliminary auction clearance rate of 81.6% this weekend across Sydney, according to Australian Property Monitors.

It was the sixth week when the initial clearance rate sat at 80% or higher.

There were 299 auctions reported to APM of the expected weekend total of 399 auctions, so 100 results yet to be tallied.

After last weekend's late tally, the clearance rate slipped from the initial 83.8% to 79.2%.

It's not the first of the plus 80% preliminary results to be revised down to slightly below 80% during the current six week streak.

The clearance rate was 58.8% on this weekend last year, according to APM.  

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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