Sydney Auction Results and Clearance Rates
Whether you are buying or selling in Sydney you will be interested in the latest Sydney Auction Results.
A clearance rate is used to establish the strength of a property market. It is calculated by dividing the total number of properties sold at auction (or directly before or after) by the number of auctions reported.
A low auction clearance rate usually points to the market being a buyer’s market, while a high clearance rate indicates the opposite – a seller’s market & a strong market. Care is needed in interpreting clearance rates as the rate does not reflect differences in performance in suburbs and areas within the Sydney market.