Sydney auction clearance rates all over the place again last weekend after settling back in following July school holidays.
There is no doubt that winter is always a slow market in general, and that's what we are seeing in certain parts of Sydney, as we can see that these rates are jumping around from week to week. Having just finished school holidays, the market will steady over the coming month.
The Lower North holding strong at 78.9% as well as the Inner West coming in at 74.5%, whereas the Northern Beaches and Upper North Shore struggling following school holidays coming in at 39.5% and 46.4%.
We have been telling our clients that now is an extremely good time to buy. We believe that there will be a more competitive force in the market come Spring, which will very much effect property prices.
**Source: Dr Andrew Wilson, Chief Economist at My Housing Market
For more information on the current market, please contact our team today on (+61)2 9960 1066 or enquiries@pkproperty.com.au.