The shock of winter has set in and the realisation that this shock is not enough to completely rattle the Sydney Real Estate market has well and truly set back in.
We are still in the middle of school holidays, it is still cold but the need to sell and want to buy aren’t disappearing and for many buyers, the idea of pulling into a holding pattern is becoming a nervous thought as auction results rise again.
There were originally 531 properties scheduled for auction with 397 taking place and 313 reported to have sold under the hammer with a clearance rate of 71% according to the Domain group. However, RPData are reporting a 72.5% clearance rate.
The median sale price of property sold at Auction was $1,160,000.