First home buyers pay $2.04m for renovated Sydney house as market drops
By Saturday evening, Domain Group recorded a preliminary auction clearance rate of 53 per cent from 311 reported results throughout the week, while 93 auctions were withdrawn. Withdrawn auctions are counted as unsold properties when calculating the clearance rate.The clearance rate is above the 47 per cent mark it hit in late June but remains weak as 60 per cent is considered a balanced market and anything below that is consistent with falling prices. “They got a great deal,” he said.“No-one is really selling for a profit right now.
- ▪By Saturday evening, Domain Group recorded a preliminary auction clearance rate of 53 per cent from 311 reported results throughout the week, while 93 auctions were withdrawn.
- ▪Withdrawn auctions are counted as unsold properties when calculating the clearance rate.The clearance rate is above the 47 per cent mark it hit in late June but remains weak as 60 per cent is considered a balanced market and anything below
- ▪“They got a great deal,” he said.“No-one is really selling for a profit right now.
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