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Co-founder & CEO of AllenWargent property buyers & WargentAdvisory (subscription market analysis for institutional clients).
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Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), and CEO of WargentAdvisory (providing subscription analysis, reports & services to institutional clients).
4 x finance/investment author - 'Get a Financial Grip: a simple plan for financial freedom’ (2012) rated Top 10 finance books by Money Magazine & Dymocks.
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Wednesday, 26 March 2014
Lower north shore lift-off
Aha yes, very timely. As I noted yesterday, our property pick for this year in late 2013 included a few key suburbs with great transport links on Sydney's lower north shore.
I covered off the reasons why we favour the lower north shore here, and added some more detailed thoughts in our summer edition of the Buyers Eyehere.
"The hot Sydney weekend auction market continued on its merry way at the weekend recording its eighth consecutive clearance rate above the 80 percent.
Clearance rates have been remarkably consistent over the past month fluctuating between these weekends’s 81.5 percent and the months high of 82.7 percent recorded on March 1st.
Vendors are keen to take advantage of Sydney’s best ever autumn selling conditions with strong competition for properties amongst buyers in most region and prices brackets."
Lower north firing
The lower north shore is really getting going now. Continues APM:
"After a quieter weekend last weekend the lower north bounced back this weekend with a stunning clearance rate of 92.5 percent.
Next best was the city and east with 89.7 percent followed by the inner west with 86.8 percent, the south 83.7 percent, the south west 82.4 percent and the upper north shore and the northern beaches each with a clearance rate of 80 percent."
And, APM wraps it up:
"Sydney’s super autumn home auction market continues unabated with frenzied activity from buyers and sellers set to continue over the next three weekends to the Easter break.
Next weekend is likely to present the market with its biggest test for year so far with nearly 800 properties due to go under the hammer. The pre-Easter rush is on."