Intro Summary and Dates of the Latest Week Results
Welcome to another edition of our weekly property market analysis for New South Wales. In this update, we cover the week from 14th to 20th August 2023, diving into auction clearance rates, property sales statistics, and more. Stay with us for a comprehensive look at the current market trends!
NSW Auction Clearance Rate
The auction clearance rate for New South Wales stood at 63% for the week. This rate is a valuable indicator of the property market’s health, suggesting a balanced market that leans slightly towards sellers.
Number of Properties Sold at Auction
Out of the 962 properties that went under the hammer this week, 606 were successfully sold at auction. These statistics reveal a fairly active market with a good number of buyers and sellers participating.
Number of Non-auction Sales
In addition to the properties sold at auction, 1205 properties were sold through other channels. This indicates that non-auction sales continue to be a significant portion of the market activity.
Top 5 Suburbs Based on Number of Results Available
This week, the top 5 most active suburbs in terms of properties going on the market were:
- Dee Why (2099) – 17 properties
- Tamworth (2340) – 16 properties
- Port Macquarie (2444) – 15 properties
- Mosman (2088) – 14 properties
- Blacktown (2148) – 13 properties
Note that these figures represent market activity and not necessarily the number of sales.
Identify Suburbs with the Highest or Lowest Number of Auctions
- Highest Number of Auctions: Dee Why (2099) led the charge with 17 properties available for auction.
- Lowest Number of Auctions: Adamstown (2289) saw the least activity, with only 2 properties going under the hammer.
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.