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Sydney auction clearance rate hits highest point since before coronavirus restrictions – Domain News
City records highest auction clearance rate since March, as agents report shortage of stock, strong buyer demand driving encouraging results for sellers.
Sydney has recorded its highest auction clearance rate since March, with agents reporting a shortage of stock and strong buyer demand driving encouraging results for sellers.
In a weekend that saw Australias record auction price smashed in Vaucluse, and an eye-watering $8.13 million paid for two derelict properties in Glebe, the preliminary clearance rate from Saturdays auctions was a bullish 69.7 per cent the highest since 73.8 per cent was recorded on March 7.
Agents have reported high crow…
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