The property market in New South Wales has seen an active week from the 28th of August to the 3rd of September 2023. This article delves into the latest auction results, property sales, and activity in various suburbs. Let’s take a closer look at the numbers.
NSW Auction Clearance Rate
The auction clearance rate for the week stands at 62%. This indicates a moderate level of activity in the auction market.
Number of Properties Sold at Auction
A total of 215 properties were sold at auction during the week.
Number of Non-Auction Sales
Non-auction sales outperformed auction sales with a total of 1,233 properties sold without going through the auction process.
Top 5 Suburbs Based on Activity
Here are the top 5 suburbs based on the number of properties that were available for sale, which doesn’t necessarily mean they were sold:
- Mosman, 2088 – 18 properties
- Tamworth, 2340 – 18 properties
- Epping, 2121 – 17 properties
- Port Macquarie, 2444 – 15 properties
- Goulburn, 2580 – 13 properties
Suburbs with the Highest and Lowest Number of Auctions
- Highest: Mosman, 2088 with 18 properties available for auction.
- Lowest: Aberdare, 2325 with just 1 property available for auction.
The information and data provided in this publication, including home sales and auction results in New South Wales, are gathered by Baulkham Hills Conveyancing from various sources, which may include third parties such as real estate agents, auctioneers, and other data suppliers.
Baulkham Hills Conveyancing exercises due care in the collation of this information but does not make any guarantee, representation, or warranty as to the accuracy, completeness, timeliness, or reliability of the information provided. We expressly disclaim any and all liability, to the extent permitted by law, arising from or in connection with any errors, omissions, inaccuracies, or misrepresentations contained within this publication, and for any reliance placed on this information by readers or users of this data.
We strongly recommend that readers consult with a qualified professional or undertake independent verification of the information provided before making any decisions based on this data. Click on the following links to understand how the data is collected, how the clearance rate is calculated, and how other key terms are used.