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The
Propertybuyer

Podcast

Hear the latest weekly insights into the property market via podcast by Rich Harvey, CEO and founder of Propertybuyer.

 
Fri 29 Mar '24 with Rich Harvey How to build a $7 Million Property Portfolio from scratch
 
 
Sat 16 Mar '24 with Rich Harvey Why Invest in Melbourne?
 
 
Mon 26 Feb '24 with Rich Harvey Sydney’s Inner West – Hotspots and Outlook for 2024
 
 
Mon 12 Feb '24 with Rich Harvey Decoding Sydney’s North Shore Market – Outlook and Opportunities.
 
 
Sat 27 Jan '24 with Rich Harvey Home Buying in the Eastern Suburbs – A personal journey
 
 
Sun 7 Jan '24 with Rich Harvey Economic and Property Market Outlook 2024
 

 

Listen to many more
podcasts on our
Podcasts page.

 
 
 

Propertybuyer Blog
Property advice, market updates & more

 

Sydney boasts best auction clearance rate

July 21, 2014 / Written by Rich Harvey

 

By Rich Harvey, CEO, propertybuyer.com.au

Worried a cooling off in the Sydney housing market means no action? Don't be. As recent figures from RP Data prove, there's still plenty of activity happening in the Harbour City.

RP Data Auction Spokesperson Robert Larocca reported that there were 1,613 auctions scheduled in Australia during the week ending July 13. The vast majority of these (1,268) were set to take place in capital cities, an increased from 984 during the same time last year.

"Over the past three weeks the national clearance rate has shown a rising trend with a 3.5 point rise recorded," Mr Larocca stated.

"If this trend continues it will result in a return to the 70 per cent clearance rates last recorded in February and early March on the eve of spring."

In Sydney specifically, there were 497 auctions expected. While down from the previous week, this represents a significant rise from 378 during the same week in 2013.

"The rising trend apparent in the market nationally is also the case in Sydney, which has seen a consistent 5-point rise over the past 5 weeks and reflects improving confidence levels," Mr Larocca continued.

Following this report, RP Data stated that Sydney had the highest clearance rate in the nation during the week ending July 13.

The preliminary clearance rate in the New South Wales capital was 76.4 per cent, up from 72.4 per cent the week before.

This kind of activity provides regular home buyers and investors alike with the opportunity to secure valuable Australian property.

However, unless you're a seasoned auction veteran, buying in this manner can be a tricky affair. That's why the expert advice, bidding experience and proven auction strategy of our buyers agents can be so invaluable.

With a buyers advocate representing you at auction, you will save time, money and stress.

The Propertybuyer
Podcast

 
Fri 29 Mar '24
with Rich Harvey
How to build a $7 Million Property Portfolio from scratch
 
 
Sat 16 Mar '24
with Rich Harvey
Why Invest in Melbourne?
 
 
Mon 26 Feb '24
with Rich Harvey
Sydney’s Inner West – Hotspots and Outlook for 2024
 
 
Mon 12 Feb '24
with Rich Harvey
Decoding Sydney’s North Shore Market – Outlook and Opportunities.
 
 
Sat 27 Jan '24
with Rich Harvey
Home Buying in the Eastern Suburbs – A personal journey
 
 
Sun 7 Jan '24
with Rich Harvey
Economic and Property Market Outlook 2024
 

 

Listen to many more
podcasts on our
Podcasts page.