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1.Market Observations, 8.Was Sticky

21 Mar 2016 (AFR) – Sydney’s bleak outer west the outlier in record home auctions in Melbourne and Brisbane; clearance rates hold strong

(21 March 2016, AFR, p5, by Matthew Cranston)

‘The health of Australia’s housing market again proved resilient on the weekend with clearance rates holding strong despite record numbers of home auctions in Melbourne and Brisbane. In Sydney where there were 911 listed auctions, clearance rates remained steady at 75 per cent according to APM PriceFinder, marginally down on last week but generating some big sales, including a seven bedroom house at Strathfield in Sydney’s inner west which sold for $5.7 million or about $1.2 million over its reserve.’

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