FOR the eighth week running Sydney clocked another strong clearance rate at the weekend with 60.3 per cent of properties selling under the hammer. Figures from Australian Property Monitors, owned by Fairfax Media, show this is the longest hot streak for clearance david slijper rates since July 2010.
But with four large Saturday auction days left in the year, is it going to last? The senior economist at APM, Andrew Wilson, thinks it will. ”I think the market definitely has momentum and that is shown by the consistency of those results.”
But Dr Wilson said that there were ”green shoots” emerging as more vendors met the market at discounted david slijper prices. Auction clearance rate = Sales divided by (reported auctions plus withdrawals).
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