Today 2 out of 6 properties sold in our area. Both properties were strata properties in Cronulla. One of these sold prior to auction. This brings the auction clearance rate to a low 33% this week. There were actually 9 properties scheduled to go to auction but 4 of these were auctioned in one line (211 & 213 Willarong Road and 149 & 151 Caringbah Road, Caringbah). A dismal day for seller’s but it is the first weekend of the school holidays, perhaps buyers are in holiday mode.
