Sydney Posts Back-To-Back Record Clearance Rates
Another autumn weekend of extraordinary results.
Another autumn weekend of extraordinary results.
Auction markets across the country continued to record extraordinary results on March 20, reflecting unprecedented buyer competition.
Despite the dreary weather, the Sydney auction market posted back-to-back record results, exceeding 90% for the third time in four weekends with a clearance rate of 92.4%.
The result is a stark contrast to the coronavirus impacted market of the same weekend last year which reported 64.9% clearance rate.
Auction numbers were higher in Sydney on Saturday with 856 reported, compared to the 716 listed last weekend. Sydney recording a median price for houses sold at auction on the weekend of $1,610,500, 24.7% higher than the same weekend in 2020.
Melbourne’s market also proved strong with a season-high effort of 82.1%, up from last weekend’s 81.5%.
A reported 1117 homes were listed for auction, higher than the previous weekend’s 978 but lower than 1184 reported over the same weekend of 2020.
Melbourne’s median house price sold at auction on the weekend was $980,000 which is 6.8% higher than the 918,000 recorded over the same weekend last year.
Listings increased in all capitals compared to last weekend (March 13), with the exception of Canberra. It’s expected that an influx of listings will flood the market at the pre-Easter super Saturday next weekend.
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Released last year, this is the third volume from award-winning interior designer Greg Natale. Different in format from his earlier books, the eight projects featured are Australian but with a slight Euro-centric focus. The writing is conversational, almost intimate, inviting the reader into the most luxurious spaces beautifully captured by photographer Anson Smart. This coffee table tome is perfect for dreamers and doers alike. Rizzoli, $110
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