Strong auction results point to the return of buyer confidence
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Strong auction results point to the return of buyer confidence

Buyers and sellers are ‘a much better fit’ in terms of pricing expectations, leading property data expert says

By KANEBRIDGE NEWS
Mon, Feb 12, 2024 9:46amGrey Clock < 1 min

The weekend showed the highest preliminary property auction clearance rates since mid year 2023, new data shows.

The CoreLogic weekend market summary reports that the capital city clearance rate hit a high of 76.2 percent, the strongest result since the first week of June last year.

CoreLogic research director Tim Lawless said the results were a further rise since the previous week’s preliminary clearance rate at 73.9 percent, which was later revised down to 68.3 percent, and represented further evidence of solid rebounds in property prices.

He says the auction results may be a reflection of rising confidence amongst buyers in anticipation of an earlier than expected drop in interest rates.

“The newfound strength in auction markets is a radical turnaround from the December results last year, where the preliminary capital city clearance rate fell to the mid 60 percent range while final clearance rates dropped to the mid 50 percent level,” Mr Lawless said. 

“The early part of the year can show some seasonality, however, with both the volume of auctions and the clearance rate coming in high over the past two weeks, it looks like the year has started with a much better fit between buyer and seller pricing expectations.”



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The Maybelle Brings City Views and Village Life Together in Homebush

Now selling from Level 9, this new tower pairs skyline and Harbour Bridge views with the quiet of Ismay Reserve, and pricing from just $560,000 for one, two and three-bedroom residences.

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The skyline at Sydney’s Homebush is about to change, and The Maybelle is leading the charge.

The new residential tower has officially opened sales from Level 9, offering one, two and three-bedroom residences priced from $560,000, with move-in slated for late 2026.

What sets The Maybelle apart is its position. Residents on higher floors will wake up to sweeping city skyline and Harbour Bridge views.

The building overlooks the leafy calm of Ismay Reserve, giving owners the rare combination of a genuine outlook and a sense of green space, without compromising on either.

Location is doing plenty of the heavy lifting, too.

The Maybelle sits moments from the popular Homebush dining and lifestyle precinct, and is well connected to Strathfield, Sydney Olympic Park and the Sydney CBD, making it a strong option for buyers who want city access without giving up a slower pace at home.

For buyers considering their options in Sydney’s inner west, the appeal is straightforward: a genuine outlook, a connected address and an entry price that remains competitive for the location.

Registrations are now open for exclusive launch access. Get VIP access today.

Be the first to view floor plans, pricing, and availability before they are made public.

Register now at themaybelle.com.au or call 1300 066 292.

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