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February ends with strong auction results

Buyers were out in force over the weekend, with clearance rates, sales numbers and sale prices making strong gains.

Sydney reported an 85.5 per cent clearance rate over the weekend, according to APM PriceFinder. That compared to a rate of 75.1 per cent recorded at the same time last year.

Sales numbers rose 7.3 per cent to 517, while the median price for house auctions rose 14.8 per cent to $1.2 million and the median price for unit auctions rose 12.0 per cent to $765,000.

Read the full article at REB Online

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