It seems that the spring selling season is well and truly
underway.
Sydney’s Auction clearance rates for the last 2 weeks have been over
60% with clearance rate for last weekend being 63.9%, the highest it has been
for many months.
Is this a sign of growing momentum in the Sydney Housing
Market? Here’s what the experts had to say:
Dr Shane Oliver, chief economist with AMP Capital said that
after 2 tough years he is tipping a market recovery during spring 2012
“life should be a bit better for sellers, but buyers should
expect a bit more competition”
Andrew Wilson, senior economist with Australian Property
Monitors says the market was “in the best overall shape for years” Sydney’s
median house price has jumped 1.4% in the last 6 months.
Dr Wilson also expects the prestige market to “tick upwards”
over the spring.
We had our first Spring Auction on last Saturday for an
apartment in Raglan St Mosman. The Auction was attended by 35 people with 5
registered bidders and a strong auction selling well in excess of the reserve
price.
Channel 10 News were also at the Auction….see the video below which was aired on the 5pm news on Saturday evening.
If you have been thinking of selling but waiting for some
good news, now is the time to get your home on the market.
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