Intro Summary and Dates of the Latest Week Results
Welcome to this week’s deep dive into the New South Wales property market. This analysis covers sales data from Mon 11 Sep 2023 to Sun 17 Sep 2023, offering insights into auction performances, active suburbs, and more.
NSW Auction Clearance Rate
The auction clearance rate for this week stood at a solid 59%. This is a crucial indicator of the market’s health, and it tells us that a majority of properties put up for auction found buyers.
Number of Properties Sold at Auction
Out of 1,192 properties scheduled for auction, a total of 703 properties were successfully sold. These sales form a significant part of the overall property transactions for the week.
Number of Non-Auction Sales
In addition to the properties sold at auction, 1,227 properties were sold through other means, such as private sales or negotiations.
Top 5 Suburbs Based on Activity
Here’s a look at the suburbs that were buzzing with activity this week:
- Tamworth – 20 results available
- Port Macquarie – 18 results available
- Randwick – 14 results available
- Armidale – 13 results available
- Box Hill – 13 results available
Please note that the ‘results available’ refers to properties that went up for sale and not necessarily those that were sold.
Suburbs with the Highest or Lowest Number of Auctions
- Highest: Tamworth led the charge with 20 properties going up for sale.
- Lowest: Acacia Gardens had only one property listed, making it the quietest suburb in terms of auction activity.
Disclaimer
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.