Of 1268 auctions held over the Easter weekend, clearance continued to be strong at over 84% properties sold under the hammer in Sydney. Read more
This is slightly less than the previous week when the Sydney had 1128 homes going under the hammer with an astonishing 87.5% clearance rate – the highest ever recorded in Sydney. It was also extraordinary that it happened to be state election day. Sydney’s property prices have shot up almost 6 per cent over the first three months of the year, the highest quarterly growth in six years, reports Antony Laws of Sydney Domain. Underscoring just how strong the Sydney housing market has been in 2015, home values in the month of March alone increased 3 per cent, according the CoreLogic RP Data’s latest home values index.