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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
 

 

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Propertybuyer Blog
Property advice, market updates & more

 

Auction clearance rates show life left in Sydney market

June 10, 2014 / Written by Rich Harvey

 

By Rich Harvey, CEO, propertybuyer.com.au

Sydney's heated housing market may be cooling slightly, but figures from recent property auctions show demand is still high in the region.

While winter usually represents a more subdued auction market, this year may represent an exception to the rule.

Australian Property Monitors Senior Economist Dr Andrew Wilson said more properties were listed and sold at auction over the first five months of 2014 than ever before in Sydney.

"This year's winter market is set to be anything but quiet however following the record-breaking performance of the autumn home auction market," he said.

"Sydney's weekend auction market fell away following the Anzac Day holiday break with clearance rates falling well below the 80 percent benchmark established over spring and early autumn. The market however appears to have gained a second wind bouncing back strongly over the past fortnight recording clearance rates just a tick below 80 percent."

Prestige homes in Sydney were spotlighted, with Mr Wilson stating the lower north produced a "stunning clearance rate" of 94.1 per cent during the last weekend of May. The northern beaches followed with a clearance rate of 84.8 per cent.

Demand for luxury property was also solid in the eastern suburbs, which posted a clearance rate of 81.7 per cent. Meanwhile, the inner west, another region boasting high-value homes, saw a clearance rate of 77.8 per cent.

If you're looking to try your luck at an auction, you might find you have a better chance of a good deal with the help of an experienced buyers agent. Our agents are expert auction negotiators, having saved our clients many tens and hundreds of thousands of dollars.

Forget letting your emotions drag you into a bidding war. By relying on our knowledge and experience, you can rest easy during the auction process.

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.