Dive into our analysis of the most recent week’s property sales data in New South Wales, covering the period from 9th to 15th October 2023. With a clearance rate of 58%, the market appears to be cooling slightly. Let’s unpack what this means for you.
NSW Auction Clearance Rate
The clearance rate for the past week stands at 58%, a noticeable dip from the typical range of 61-62% observed throughout 2023. This could signify a shift in buyer and seller sentiment, warranting further observation in the coming weeks.
Number of Properties Sold at Auction
The data reveals activity based on 1,091 auction results available. However, it’s crucial to note that this number doesn’t differentiate between properties that were sold and those that were not.
Top 5 Suburbs Based on Number of Results Available
- Quakers Hill – 14 results
- Castle Hill – 13 results
- Guildford – 13 results
- St Ives – 13 results
- Marsden Park – 11 results
These suburbs are buzzing with activity, making them hot spots for potential buyers and sellers alike.
Identify Suburbs with the Highest or Lowest Number of Auctions
- Highest Activity: Quakers Hill leads the pack with 14 results.
- Lowest Activity: Karuah, Karabar, Kangaroo Point, Kains Flat, and Zetland each have just one result, indicating a quieter auction scene.
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.