Market Update - 18 August 2023

From 941 auctions scheduled in Sydney last week the auction clearance rate (SQM Research) was 52.7% which is pretty much in line with the previous 2 weeks.

Locally, across the 2037, 2038, 2040, 2050, 2048, 2049 postcodes, there were 25 auctions scheduled and the overall clearance rate was a healthy 76%, with 58% selling prior.

As stock levels are slowly on the rise in the lead up to Spring, we’re really excited about the launch this week of the sale campaign for 4 View St Annandale. Only seconds from Booth St shops and eateries, this cute cottage represents a great entry point to the local market and based on early enquiry levels, it's going to be keenly sought after.

With a long weekend and school holidays on the way, its critically important to time your selling plans around these events and if you’re planning a new year sale, there are usually some weeks that are much better than others to start a campaign. With 21 years of local experience and over 1,000 sales, you can rest assured that I can guide you down the best pathway to suit your personal circumstances.

Some kind words from a Vendor:

Simon and Trent were so easy to deal with and we always felt that they were open and honest with us every step of the way. Thank you for a calm and reassuring experience. We will definitely use your company again.