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Sydney Market Update October 24 2015

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Sydney Market Update October 24 2015
As reported in popular media articles The Sydney home auction market continues to drop, with nervous buyers being increasingly cautious by interest rates rises.

Sydney has reported its lowest clearance rate of the year on October 24 2015, with the market now heading towards its lowest levels since the spring of 2012. The 64.4 per cent weekend result was below the 65.1 per cent recorded the previous weekend and significantly below the 78.9 per cent reported during the same weekend in 2014.

The Sydney Real Estate market is now on course to record auction clearance rates of below 60 per cent this spring.

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