Welcome to the beginning of the New Financial Year.
Our June results were consistent with what we would identify as a typical Sydney Market. That being, an average & consistent clearance rate of between 50-59%. It's important to note, we noticed improved stock levels across Sydney, greater buyer participation at auction, and the overall sense of stronger consumer confidence. This was evident in that we averaged 5.9 bidders per auction (up from previous months), and 19 bids per auction (also up from previous months).
Moreover, as you can see in our June Stats, those owners that chose auction as their method of sale, sold for on average, just shy of $50,000 above reserve - again displaying improved strength in the property market.
Furthermore, we are now taking bookings for July & August, so if you do have any auctions coming up, we'd love to partner with you. Make sure you get your properties booked in now to secure your preferred date, time & venue.
Wether you’re about to book an auction or you just want to find out more information on how auctioning your property is beneficial for you, get in touch and we can help you secure the best possible price for your prized asset.