Results clearly show a consistent rise throughout 2012 and an impressive start to 2013. The graph below clearly mirrors the sentiment in the Sydney market over the last 24 months. With 2013 off to a strong start it will be interesting to note where the market goes to from here. IPS has little doubt the next several weeks will be an important indicator for the year ahead and we look forward to keeping you informed.

 

clearance Rates

 

While there is often conjecture about the accuracy and usefulness of Auction clearance rates and their use to define market strength or weakness it is undeniable that auction performance has been steadily increasing since mid-2012. When viewed on their own, auction clearance rates can be inconclusive. As a result we have taken the average monthly results and plotted our findings to give a more coherent view of current market conditions.

 

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