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red-hot sydney auction market marches on, with $693.3 million worth of property sold on saturday

red-hot sydney auction market marches on, with $693.3 million worth of property sold on saturday News Article With The full text news and with Resource Link at the bottom of the text and you can View this News Article in the source page.



red-hot sydney auction market marches on, with $693.3 million worth of property sold on saturday

the sydney home auction market has now reported its third consecutive weekend clearance rate above 80 per cent, with overall boom-time conditions prevailing.the city recorded a median auction price of $1,420,000 on saturday, which was higher than the $1,227,500 reported the previous weekend and 18.3 per cent higher than the $1,200,000 over the same weekend last year. a total of $693.3 million was reported sold at auction in sydney at the weekend.however, the 80.2 per cent clearance rate was just below the previous weekend’s 83.1 per cent, but was still well ahead of the 76.9 per cent over the same weekend last year.64 carabella street, kirribilli, sold for $5,850,000 at the weekend.sellers continued to be advantaged by seemingly insatiable buyer appetites, particularly in inner suburban ...