Sydney Weekend Clearance Rate Falls Under 60%
The national figure is also at a two-year low.
2 min
Following the Queen’s Birthday long weekend, auction number predictably surged at the weekend, with a total number of listings of 2191 compared to 992, yet, well below the same weekend last year’s 2888 auctions.
The result of a lift in volumes combined with weakening confidence in the market saw the national clearance rate report a 2-year-low of 62.7% at the weekend — well below the 67.3% reported last weekend and significantly lower than the 82.3% recorded over the same weekend last year.
Sydney’s market has fallen below 60% for the first time since the lockdown of April 2020 as a buyer’s market emerges.
The NSW capital recorded a clearance rate of 59.6%, lower than the 61.5% recorded last weekend and again significantly lower than the 80.8% recorded over the same weekend last year.
A total of 751 homes were listed in Sydney at the weekend — up on the 420 listed last weekend but well below last year’s corresponding 1036 auctions.
Sydney recorded a median price of $1,745,000 for houses sold at auction at the weekend which was again higher than the $1,650,000 recorded last weekend and 8.4% higher than the same weekend last year’s $1,610,000.
Melbourne’s auction market is proving more resilient, with a clearance rate of 62.9% holding steady when compared to the previous weekend’s 62.4% yet certainly lower than the 74.4% recorded over the same weekend last year.
A total of 134 homes were reported listed at the weekend – significantly higher than the holiday weekend’s 342 reported but well below the 1566 listed over the same weekend last year.
The Victorian capital also recorded a median price of f $1,010,000 for houses sold at auction at the weekend which was higher than the $900,000 reported last weekend and 3.2% higher than the $979,000 recorded over the same weekend last year.
Data powered by Dr Andrew Wilson, My Housing Market.
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There’s no shortage of design inspiration online but nothing beats the joy of spending an afternoon immersing yourself in a good interior design book. Edited, carefully curated and, above all, designed, these titles take you behind the scenes of some of the world’s most beautiful interiors in a considered way. Think of it like the difference between listening to a few tunes on Spotify versus releasing a thoughtfully crafted studio album. We’ve assembled our top six of interior design books on the market right now for your viewing and reading pleasure.
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2 House of Joy
If there was ever a book title for our times, then this is it. With a subtitle of Playful Homes and Cheerful Living, this book champions fun in interior design, with bold and bright homes from around the world to delight and inspire. While there’s a good dose of the unexpected, like a disco ball in the garden, there’s no mayhem in these spaces. Instead, they’re beautifully executed to tempt even the most colour shy. Gestalten, $105
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Some design books are beautiful to look at, and that’s it. This is not one of those books. A master of colour and pattern, UK designer Ahern offers a practical foundational guide to beautiful interiors, mixing form with function in her latest book, Masterclass. Find the inspiration you need to create a gorgeous home. HarperCollins, $65
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6. The Layered Interior
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