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Sydney remains the best place to auction your house

By Louise Morrin

Tossing up between setting a fixed price or auctioning your property in Carlton? Maybe you think that fixed price is the better way to go with more guarantees? Maybe not. Research completed by RP Data shows that there is plenty of success in the auction market, especially in Sydney.

RP Data shows that for the week ending 19 October, Sydney produced a preliminary auction clearance rate of 75.5 per cent. This continues a strong October for the Sydney auction market, posting a 75.8 per cent clearance rate for the week ending 12 October and a 77.4 per cent clearance rate for the week ending 5 October. Sydney has been the best auction market in the country as it is the only market consistently over the average clearance rate.

Sydney's result for the week ending 19 October is actually down on last year's figure, which sat at 79.5 per cent. Don't be fooled by the decrease in percentage, as the auction market has improved with more houses sold at this time than last year, showing just how viable the auction market has become.

Still need more convincing about auctioning your property? RP Data's research found that despite 43 per cent more auctions occurring this year, the clearance rate has been barely affected at all. So shake off the doubts you have about auctioning your property and get in contact with a real estate agent in Carlton today for any further queries. 

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