Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Must-read, must-follow, one of the finest analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, a must-follow for accurate & in-depth analysis' - David Scutt, Business Insider.

'I've been investing 40 years yet still learn new concepts from Pete; one of Australia's finest young commentators' - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts, the most comprehensive analyst I follow in Australia' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

'Superlative work' - Grant Williams, founder RealVision.

Monday, 17 August 2015

Sydney auctions rebound to 80%+

Sydney market rebounds

CoreLogic-RP Data reported its auction clearance results here with another very strong preliminary national clearance rate of 76.3 per cent.

Sydney rebounded to be top dog once again with its preliminary clearance rate back above the "boom-time" 80 per cent level at 80.3 per cent. 

The inner west continues to look exceedingly strong with a preliminary 86.6 per cent preliminary clearance rate, while North Sydney & Hornsby also came in at an initial 85.1 per cent.

The preliminary auction clearance rate ticked back down to 76.5 per cent in Melbourne.

Brisbane recorded another solid result of above 60 per cent from far fewer listings, as is the norm for Queensland. 

The weekly clearance rate in Brisbane has been steadily gathering momentum since the market's early 2011 nadir during the floods.

Domain auction view of Sydney

You can read Domain's Sydney auction view wrap here, which reported exceptionally strong auction results for the Northern Beaches, the lower north shore, city & east, the inner west and Canterbury-Bankstown.

As also noted by CoreLogic-RP Data, the outer west/Blue Mountains results are not yet reported in full.

It seems that Sydney's property boom still has some legs left in it as the spring season rolls around again.