Sydney Housing Market Update 08/06/2018
The Auction results are in for May and once again there are a few surprises.
Sold Prior 6
Passed In 4
CLEARANCE RATE: 75.00%
Sold Prior 1
Passed In 1
CLEARANCE RATE: 84.62%
Sold Prior 0
Passed In 1
CLEARANCE RATE: 40.00%
For the full
Itemised list of each property simply click on the link below the relevant suburb.
As you can see Dulwich Hill
Has bounced back hard from its slightly underperforming result in April. A clearance rate above 80% in the current greater Sydney market is more than impressive and continues to illustrate how desirable this part of the Inner West is to live in.
Not far behind is Marrickville with a highly respectable three out of four properties finding a new owner last month. Whilst volumes traditionally start to drop with the temperatures at this time of the year it’s a good sign that interest levels in this particular part of the world are still above average.
So why are these areas of the Inner West popular? I’ll deal with that topic next week.
Meanwhile, good old Hurlstone Park keeps laboring on. Encouragingly, the time a buyer is found after an unsuccessful Auction takes place in this area has shortened dramatically. The other observation is those owners who are prepared to meet the market are finding a way to the finish line on the day.
A perfect example was our sale on-site last Saturday (2/6/18) at 16 Starkey Street Hurlstone Park. Click here to see the action: www.youtube.com/watch?v=n9j4rel1J4g
In other news, groundhog day continued at the Reserve Bank of Australia with interest rates showing no signs of movement.
This weekend (9/6/18) we have another fabulous property going under the hammer :
As always there will be a final inspection fifteen minutes prior which you are all welcome to attend. Alternatively, if you can’t make it, watch it on Facebook Live by clicking on our page here: https://www.facebook.com/randwmarrickville
That's it from me. Have a great weekend and I'll see you next Thursday.