SYDNEY AUCTION RESULTS – JUNE 10

Rain, Rain, Rain. …

That has been the nature of our recent open for inspections of late. Some properties with nobody and some with little inspection numbers during this period.
Topped off by a long-weekend, the week just gone has been a slightly slower than average week in the better part of the market.

While there were auctions scheduled for the long-weekend, the number of auctions were lower than normal because of the fact that a lot of people are typically out of Sydney.

There were originally 407 properties scheduled to go to auction on Saturday with 265 reported to have taken place and 204 sold under the hammer. There were 39 withdrawn for whatever reason.

The median sale price was slightly lower at $1,160,000 and the clearance rate was too at 67%.

We will track next weekends results before we start to discuss trends etc.

Thomas Merriman. 

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