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 in-depth analysis' - David Scutt, Business Insider.

'I've been investing 40 years yet still learned new concepts; 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, 22 February 2016

Hammer time


Just following on from the blog post of a couple of days ago on Sydney's multi-speed property markets, CoreLogic-RP Data reported a very strong preliminary auction clearance rate of 77.2 per cent for Sydney this week.

Source: CoreLogic-RP Data

As widely expected, however, there were sizeable variations between the sub-regions, with Blacktown (43.8 per cent) and Baulkham Hills & Hawkesbury (50 per cent) struggling along, and notably lower volumes.

On the other hand many inner suburbs recorded very strong results indeed, including City & Inner South (88.2 per cent from a total of 85 auctions) and the Eastern Suburbs (88.0 per cent from a total of 93 auctions).

Domain Group categorises sub-regions slightly differently, and recorded a rip-snorting 90.4 per cent for City & East from its sample of 66 sales, but only a 42.9 per cent clearance rate for the West.