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Sydney Spring Clearance Rates Hit Three-Year Low As Super Saturday of 1000 Auctions Looms


 

As the Sydney property market continues to tumble, the first super Saturday of auctions this spring is looming this weekend with about 1000 homes set to go under the hammer.

The clearance rate of 71.3 per cent on Saturday was the lowest result recorded so far this year and the lowest spring Saturday rate recorded for three years.


It was again lower than the 72.4 per cent recorded the previous weekend and significantly below the 83.9 per cent reported over the same weekend last year.