Clearance rates recorded its highest so far this year coming in at 67.9% over the weekend!
Numbers of listings naturally surged on Saturday with the last opportunity to auction before families head off for school holidays! 756 reported listings compared to 621 last weekend.
The usual contenders are still performing well with the Lower North coming in at 80%, the Inner West recording 78.5% and the Upper North closely following at 77.3%.
We're seeing people hold off the selling and buying process until they see the result of the Federal Election on May 18. People waiting around to then come back into the market at the same time will be the perfect storm for a rise in our property market.
**Source: Dr Andrew Wilson, Chief Economist at My Housing Market
