Across Sydney, 14 of the 15 sub-regions have seen clearance rates fall when compared to the previous quarter.

Just 4 of the 15 sub-regions recorded quarterly clearance rates above 80.0 per cent, compared to 13 over the March quarter.

The highest clearance rate this quarter was recorded across the Northern Beaches region (85.7 per cent), followed by the Sutherland region (84.4 per cent) and the Eastern Suburbs (81.5 per cent).

Although clearance rates were lower across the quarter, auction volumes were up substantially.

The busiest sub-regions for auctions over the quarter were North Sydney and Hornsby (1,784), Inner South West (1,557), and Eastern Suburbs (1,334).

Overall, Sydney’s auction clearance rate over the June quarter was recorded at 78.4 per cent, compared to 84.5 per cent over the previous quarter, and 51.5 per cent over the June quarter last year.

Sydney was host to 12,780 auctions over the quarter, up from 7,043 over the previous quarter and 6,372 over the June 2020 quarter.

Eliza Owen
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