The Sydney property market ‘boom’ wrapped up earlier this year leaving buyers and sellers alike wondering what was in store for their local marketplace. 12 months on from the peak of the boom, the market remains strong and competitive as shown through the 80% auction clearance rate achieved in Sydney over the weekend.
Smashing the clearance rate from this time last year by 6.9%, the auction clearance rate has jumped to its highest in 14 months. Driven by low borrowing costs and a low level of properties available on the market, this is great news for owners looking to sell.
Don’t wait, get ready to sell your properties! For the rest of the article, read on.