Sydney home auction market hits a home run!

Sydney home auction market hits a home run!

The property market in Sydney was leading ahead, recording its highest clearance rate 72.5 per cent since September of last year, casting momentum for future sprouts within the market thus continuing last year’s spring showdown.

Inner suburban regions reached the highest sales volumes, recording at 71.4 per cent and had great effect on the clearance rate in Sydney dominating the auctions over the weekend. The city and eastern regions tallied at 81.8 per cent, the south 81.3 per cent, Canterbury Bankstown 75 per cent.

The numbers weren’t too shabby kicking off a buyer frenzy leading the property ladder for 2016 showing clear paths of progression and resilience in the market.

Source: Dr Andrew Wilson - Domain Group’s chief economist