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1.Market Observations, 8.Was Sticky

30 Sept 2019 (AFR) – Home buyers return for busy time as prices rise – Sydney records busiest weekend for the year

(30 September 2019, AFR, p6, Duncan Hughes)

Weekly auction clearance rate, combined capital cities (CoreLogic, AFR)

Weekly auction clearance rate, combined capital cities (CoreLogic, AFR)

‘A town house in Sydney’s popular north shore sold at public auction for $50,000 above reserve while Melbourne’s top sale topped the reserve price by more than $200,000 at a private auction. Real estate agents claimed strong demand continued to outpace supply in the nation’s property capitals because clearance rates were up to 80 per cent higher than for the same weekend last year.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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