Across Sydney’s sub-regions, all 15 have seen clearance rates increase when compared to both the previous quarter, and this quarter last year.
13 of the 15 sub-regions recorded quarterly clearance rates above 80.0 per cent, compared to just one over the December quarter.
The highest clearance rate this quarter was recorded across the Northern Beaches region (92.9 per cent), followed by the Central Coast (86.7 per cent) and the Inner West (86.6 per cent).
The busiest sub-regions for auctions over the quarter were North Sydney and Hornsby (1,086), Inner South West (833) and City and Inner South (756).
Overall, Sydney’s auction clearance rate over the March quarter was recorded at 84.5 per cent, up from 71.5 per cent over the previous quarter, and 66.2 per cent over the March quarter last year. Sydney was host to 7,043 auctions over the quarter, compared to 9,461 over the previous quarter and 7,135 over the March 2020 quarter.
About Eliza Owen
Eliza is head Of Residential Research Australia for Corelogic and a respected property market commentator.
Eliza holds a first class honours degree in economics from the University of Sydney