Sydney auctions reel in the records

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Sydney’s auction clearance rate reached an impressive 86% over the weekend, leaving the city on target to make September the strongest month on record.

Australian Property Monitors data shows the average clearance rate for the month so far is 85.1% and, with just one more weekend to go, things are looking pretty good for a chart topping final figure.

Sydney’s inner west proved to be a standout, recording a final clearance rate of 95%, a figure matched by the western suburbs, though the latter experienced fewer auction numbers.

The upper north shore enjoyed a 91% clearance rate, while Canterbury Bankstown and the southern part of the city each recording 84% and the northwest clocking in at 81%.

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