Sydney Housing Market Update 13/07/2018
We have collated the Auction results for the second quarter of the year and they are as follows:
Sold Prior 17
Passed In 18
CLEARANCE RATE: 65.27%
Sold Prior 7
Passed In 7
CLEARANCE RATE: 68.29%
Sold Prior 0
Passed In 3
CLEARANCE RATE: 40.norms/strong>
It's abundantly clear the heady days of 2016-17 where 80% plus clearance rates were the norm are most certainly over.
Having said that
It's very encouraging how both Dulwich Hill and Marrickville seem to be consistently tracking around the 65% mark. That equates to basically two out of every three Auctions successfully selling each weekend which is an excellent strike rate in this market.
As the weekly Auction clearance rate of greater Sydney now regularly lands in the 50-55% range it illustrates how strong our area remains in comparison to others. And always remember our figures cover and accurately report on EACH AND EVERY Auction. The weekend figures are never fully adjusted with a significant number (sometimes as large as 25-30%) unreported. I can speak from personal experience that the majority of those Auctions would be unsuccessful. Agents love to brag!
On the other hand, is currently letting the side down at only 40%. I wrote on the reasons why I think this is happening but will go into more detail in future updates.
Next week I will have the half-yearly results for all three suburbs and most interestingly how they compare to the same period in 2017. There’ll be plenty of surprises so keep a lookout for that.
I'm really excited to announce a fantastic and more importantly AFFORDABLE project that we will be launching this Saturday 14th July 2018.
Situated at 11-13 Osgood Avenue Marrickville, "The Onyx" Apartments tick the biggest box of all when it comes to the fundamentals of real estate - location.
Surrounded by gorgeous established period homes as the only apartment building in a picturesque tree-lined street, the property is also extremely close to the local train station, light rail, shops, cafes, parks, Golf Course and the Cooks River.
Our grand opening will be from 2pm to 4pm on both Saturday and Sunday.
Selling on a first in best-dressed basis this is a great opportunity to secure a property in one of the most sought-after suburbs in Sydney.
For more information simply click on the following link:
http://attachedfiles.aunz.s3.amazonaws.com/14758/180704_TheOnyx_Brochure.pdf or go directly to the website http://theonyxmarrickville.com.au.