As we predicted, Spring has sprung and welcomed us with an increase in clearances rates.
The Lower North recorded a clearance rate of 69.2% over the weekend, whilst the City and East came in at 62.5%.
Winter was a cold, slower time but as we can see, Spring is seeing a surge in the Sydney Property Market. For sellers and buyers alike, we will see a more steady playing field. Vendors will be more likely to meet the market and buyers will be paying fair market value moving forward.
It's a great time to buy now before too many buyers flood back into the market. Don't let competition on A Grade properties see you overpaying and getting emotional. Contact us today for independent advice on a property of interest on 02 9960 1066 or enquries@pkproperty.com.au.
*Source: Dr Andrew Wilson, Chief Economist at My Housing Market