The Sydney property market continues to show strength; and this was evident in that our September clearance rate hit 71%. Buyers remain competitive, driving prices well above expectation; 70% of properties sold exceeded their reserve price, by an average premium of $69,697.
Our auction dynamics also reveal high levels of buyer engagement. On average, each property attracted 5.9 registered bidders and received 22 bids, indicating healthy competition and strong interest across the board.
Furthermore, as you can see in our September stats, these figures suggest that despite broader economic pressures, buyer confidence in Sydney’s property market remains robust, underpinned by tight supply.
Moreover, we are now taking bookings for October & November, 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.