As we approach mid-December, we are seeing a slowdown in Sydney's housing market, with auction clearance rates at 63% based on Sydney auction results on Saturday 11 December.
This is the first time Sydney auction clearance rates have dipped below 70% since Saturday 3 July.
High quality 'A-grade' homes continue to remain in top demand - these are homes in excellent condition, that may have been recently renovated, and in sought-after locations.
B and C-grade home in need of improvements/repairs in less-than-ideal locations are seeing lower interest from buyers, with a seemingly reduced sense of urgency in the market to purchase these types of properties.
Read the following article on SMH for additional details - The types of home defying Sydney’s property market slowdown (smh.com.au)
