“Sydney’s booming late-winter home auction market is steaming into spring after the strongest late-winter market on record.” Andrew Wilson, Domain Group
The last weekend in August is the beginning of the robust Sydney spring home season with high numbers of auctions signalling the end of the more subdued winter market.
This year will be no different with a surge in listings although numbers remain well below last year’s totals. More than 550 homes are likely to go under the hammer in Sydney which will be well ahead of last weekend’s 492 and the highest weekend offering since the pre-election rush of 632 recorded on June 25.
However, this is less than the record 811 auctioned over the same season-opening Saturday last year and continues the pattern of lower listings evident for most of this year. But this year’s numbers are similar to the auctions on the last weekend of August in 2014 and 2013.
Read full article here: SMH Domain