Pete Wargent blogspot

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

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Monday, 28 September 2015

East hotting up

Read CoreLogic-RP Data's auction wrap here

Sydney's preliminary auction clearance rate rebounded to 74.2 per cent. 

Some of the big gains through this cycle have been seen in the inner west and certain lower north shore suburbs. but with outer suburbs now struggling, the eastern suburbs is now emerging as the standout sector with an 89.8 per cent preliminary clearance rate.

Sydney's inner west remains hot with a preliminary clearance rate of above 80 per cent, but the second tier regions are now fading. 

For example, the preliminary clearance rate in the south west was just 59.2 per cent and in Parramatta it was just 57.8 per cent.

Brisbane's preliminary clearance rate of 58.9 per cent was up from 48.9 per cent on the corresponding weekend last year, and appears to be closing in on multi-year highs.

CoreLogic's report is here.