This week our suburbs hit an auction clearance rate of 50% compared with 51% Sydneywide, up almost 20% on previous months. The breakdown was:
• 4 sold prior
• 2 sold at auction
• 2 cancelled on the day
• 4 passed in/passed in with no bids/passed in with vendor bid.
Combine this with the news today that the Reserve Bank has left official interest rates on hold this month at 7.25%, things are looking up!