The going gets good

By Hayley Bottrell

This week has seen the highest clearance rates in 3.5 years – 79% (the nation’s best performing capital city economy). Dr Andrew Wilson of APM reports, “this weekend’s result is over 20 percent higher than the 57.8 percent recorded over the same weekend last year.” Adding “signs continue of a revival in the prestige market with eight homes reported sold at the weekend with a price over $2 million – the best result for the year so far. Canterbury Bankstown produced the best regional result on Saturday with an auction clearance rate of 83 percent at an average.”

Biggest result: $3,300,000 – 33/14-24 College St, Darlinghurst

Best buying: $260,000 – 7/68-70 St Hilliers Rd, Auburn

Facts for fodder NSW:

Total properties offered: 268

Withdrawn: 17

Sold: 224

Clearance: 79%

Median: $790,000

Total value: $185,488,400

All figures & Statistics sourced from APM.

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