Sydney still the star

Editorial director of Switzer
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Residential sales activity might be cooling off in other states but not Sydney, after it also enjoyed an unseasonably warm Saturday, which may have prompted another auction clearance rate of over 80%.

The auction clearance rate in Sydney was 80.6% according to RP Data and 80.8% according to APM’s statistics (see table 1 below). The weather reached a balmy 18.7 degrees.

The combined capital city auction clearance rate was down slightly to 64% over the week from 65.4% the previous week (see graph 1 below), but the trend is still moving in an upward direction.

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