Ray White Auctions – Autumn Surge

By Rebecca Zhang

 The NSW clearance rate has steadied this week at 71%. However given that 201 more properties went under the hammer on Saturday than the week prior; it shows continued strength in consumer sentiment.

Throughout greater Sydney the theme was continued with results ranging from $186,000, buying 323 Great Western Highway, Lawson while the top end continued its’ recovery with 98 Balfour Rd, Bellevue Hill selling for $3,025,000, the highest and lowest result in the state respectively.

Facts for Fodder this Week:

Total properties offered: 485

Withdrawn: 44

Sold: 373

Clearance: 71% (down 4% from last week)

Median: $871,000

Total value: $299,915,500

“Locally we are seeing increased number of attendees at our Open House, a shortened days on market and definitely a strong demand for the under-supplied market in the Lidcombe, Berala and Auburn area,” says Director Steven Duong.

For those  property-savvy investors out there, if you’re around at 12pm on Saturday 27th April, come along to our auction at 8 Murray StreetLidcombe and experience the “going-going-gone” rush yourself.

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