The Sydney market saw a slight increase from the previous weekend with the clearance rate coming in at 54.4%, with the previous weekend being 46.6%.
The number of properties scheduled for auction was the highest it has been since March with over 800 reported.
This could be put down to the end of Spring (being the most popular selling season) and the end of year approaching with people wanting to buy before Christmas.
As we can see, the Lower North Shore is still holding fairly strong coming in at 71.1% on the weekend, with the Northern Beaches following at 62.5%. Whereas, some areas are still experiencing difficulty with the West recording a 33.3% clearance rate.
Like we've been saying, it's clearly a multi-speed market and you can't let one section of the market speak for the rest. Good properties are still selling very well and if you're playing the waiting game, what are you really waiting for?
**Source: Dr Andrew Wilson, Chief Economist at My Housing Market
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