Despite being in lockdown for the entire September quarter, 7 of the 15 sub-regions across Sydney have seen clearance rates increase when compared to the previous quarter.
Clearance rates above 80.0 per cent were recorded in 7 of the 15 sub-regions over the September quarter, compared to just 4 over the June quarter.
The highest clearance rate this quarter was once again recorded across the Northern Beaches region (85.3 per cent), followed by the North Sydney and Hornsby region (83.4 per cent) and the Sutherland region (81.1 per cent).
The lowest clearance rate was recorded across Parramatta (66.4 per cent). Auction volumes were down across all 15 sub-regions over the quarter, with just one sub-region holding over 1,000 auctions, compared to 6 sub-regions over the previous quarter.
The busiest subregions for auctions over the quarter were North Sydney and Hornsby (1,248), Inner South West (956), and City and Inner South (954). Overall, Sydney’s auction clearance rate over the September quarter was recorded at 78.0 per cent, compared to 78.4 per cent over the previous quarter, and 63.1 per cent over the September quarter last year.
Sydney was host to 8,535 auctions over the quarter, compared to 12,780 over the previous quarter and 8,147 over the September 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