Sydney 81.4% auction clearance rate

Solid enough result for Melbourne today, recording a 69% auction clearance rate according to APM (REIV recorded 70% from their sample).

That's just about par for the course for the softer winter months.

On the other hand, the Sydney market is absolutely flying recording another very high clearance rate of 81.4% per APM.

The median sale price on the day was more than $800,000. 

With properties selling so quickly in Sydney, prices will very likely continue to rise to new heights in the coming months.

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