The Sydney auction clearance rates came in at 62.5% over the weekend, showing a good level of buyer activity across the marketplace. However, as we've been seeing, the Lower North recorded a rate of 87.5% and the City & East came in at 81.3% with some properties selling way over reserve in these pockets.
Stock levels are still fairly low, so A-Grade stock is getting snatched upquickly but with school holidays, Easter and the Federal Election looming, we won't be seeing much property come on the market until at least June/July - and even then, people won't want to sell in Winter.
The time to buy is NOW! We are being exposed to many great off market properties at present. To be shown the WHOLE market, contact our team today on 02 9960 1066 or enquiries@pkproperty.com.au.
*Source: Dr Andrew Wilson, Chief Economist at My Housing Market
