Original article by Matthew Cranston
The Australian Financial Review – Page: 3 : 21-Mar-16
Data from APM PriceFinder shows that Sydney’s residential property market recorded an auction clearance rate of 75 per cent on the weekend of 19-20 March 2016, with 911 dwellings going under the hammer. Andrew Wilson of Domain notes the wide variation in clearance rates across Sydney, with the clearance rate in western Sydney remaining at around 40 per cent. The clearance rate in Melbourne eased from 76 per cent to 74 per cent, with 1,600 properties listed for auction.
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AUSTRALIAN PROPERTY MONITORS PTY LTD, DOMAIN.COM.AU, DEVINE REAL ESTATE HOLDINGS PTY LTD, PLACE ESTATE AGENTS, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA