We've seen our highest clearance rates for 2019 so far which is telling us a lot about current buyer activity vs. stock levels. A-Grade properties in A-Grade locations are having at least 3 strong bidders fight for them, and this is only going to increase over the coming months.
The Lower and Upper North Shore, Inner West, City and Eastern Suburbs performed well again, with the Lower North coming in at 89.5%. However, we continue to see a mediocre result for the Western Suburbs (50%), South West (56.3%) and the Central Coast (25%), demonstrating this two-speed market within the overall Sydney Property Market.
Know your region, suburb and property type in this market!
*Source: Dr Andrew Wilson, Chief Economist at My Housing Market
