APM: Sydney on track for best ever winter property results

From Dr. Andrew Wilson of APM:

"After coming close during the past three months, Sydney has finally smashed through the 80 per cent barrier by recording a sensational 81 per cent auction clearance rate at the weekend.
Following last weekend's 77.5 per cent clearance rate, the normally quieter July mid-winter auction market is now on track to record its best ever results.
The best regional result in Sydney this weekend was recorded in the south with an exceptional clearance rate of 87 per cent. This was despite it having the highest number of auction listings.
The lower north shore at 86 per cent and the city and east at 85 per cent also provided outstanding regional auction clearance rates at the weekend.
Sydney's housing market has continued to build momentum so far this year with buyer and seller activity clearly rising over the past six months.
Latest ABS data confirms Sydney's strong auction clearance rate data with housing loans approved for owner occupiers in NSW rising by a strong 12.6 per cent over May to be up by nearly 7 per cent over the first five months of this year compared with the same period last year."

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