This past weekend the auction clearance rate hit 75 percent, a further improvement from the previous weekend’s 72.7 percent. This result brought Sydney’s clearance rates up to an average of 73 percent over the past month, a solid rise from the 55 percent averaged over the same period last year. Clearance rates have improved despite a rise in listing numbers compared to the same period last year.
The Inner West’s auction clearance rate of 86 percent was solid, with the team at Richard Matthews Real Estate selling a four bedroom, one bathroom Bungalow at 3 Young Street, Croydon for $950,000.
If you are considering selling your property and want the best result and highest level of attention then contact the team at Richard Matthews today. Call 9642 4288 or visit www.richardmatthews.com.au for your free market appraisal.
Figures sourced from Dr Andrew Wilson, Senior Economist for Australian Property Monitors.