There are only a few weeks remaining for properties to be auctioned before people head off for the school holidays and Easter break. We saw a surge in listings and therefore a rise in the clearance rates over the weekend, coming in at 64.9%.
With the state election distraction the previous weekend, auction numbers surged on Saturday with 639 reported properties being up for auction compared to the 365 reported last weekend.
The North Shore saw a strong performance with the Lower North recording 76.8% and the Upper North recording 85.3% - some properties selling way over reserve.
The opportune time to buy is NOW! Don't wait around for a sudden influx of properties as we won't be seeing that until Spring and when we do, the buying opportunity won't be as prominent. Contact our team today on 02 9960 1066 or enquiries@pkproperty.com.au for independent advice on a property's true value in the current market.
*Source: Dr Andrew Wilson, Chief Economist at My Housing Market
