Boom-time buyer momentum has returned to Sydney with remarkable auction clearance rates last weekend.
Sydney recorded its highest weekend clearance rate for over a year and the second consecutive weekend spike since the Reserve Bank decided to cut interest rates a fortnight ago.
The 82.8 per cent result was higher than the 79.4 per cent recorded the previous weekend and also higher than the 79.7 per cent recorded over the same weekend last year.
This weekend Sydney will host close to 500 auctions which higher than the 464 conducted over the previous weekend. But is significantly below the 723 auctions listed over the same weekend last year.
Read the full article here: SMH Domain