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1.Market Observations, 8.Was Sticky

27 Mar 2017 (AFR) – Sydney property auction clearance rate hits 2017 high of 81.1p

(27 March 2017, AFR, p3, by Michael Bleby)

‘Sydney’s auction clearance rate rose to 81.1 per cent in the week to Saturday, its highest so far this year, driven by demand for the city’s inner-ring and northern suburbs. The $3.83 million sale of a four-bedroom family house in the inner-city suburb of Annandale – $430,000 above reserve – showed the strength of inner suburbs of the NSW capital, which led Melbourne’s preliminary 79.9 per cent and Canberra’s 78.4 per cent clearance rates, CoreLogic’s preliminary figures showed.’

Read more (and see the table of Capital city auction stats) at AFR.com (might need AFR login access, or try: AFR.com/trial)

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