Sydney set for another 400-plus bumper auction weekend

Sydney's auction clearance rates are still tracking record levels with last weekend's year-high of 83.8%, the fifth consecutive result above 80%.

Australian Property Monitors says Sydney's weekend auction clearance rates are 25% higher than this time last year.

"Buyers are competing fiercely for properties, particularly in the lower and middle price brackets," APM's senior economist Dr Andrew Wilson said.

There are 402 auctions scheduled for this weekend, similar to last weekend, but considerably higher than the 278 auctioned on the same weekend last year.

With 69 scheduled auctions, Sydney's inner west is the most popular region followed by the upper north shore with 53 auctions, then the city and east with 42 and the south with 41.

The most popular suburb for house auctions is Mosman on the lower north shore with eight.

Ryde ranks next with six.

The inner west suburbs with five auctions include Strathfield, Marrickville, Burwood and Lilyfield.

Fairfield is the leading suburb for unit auctions in Sydney with four auctions.

Sydney July auction listings were up 16.5% at 1,577 compared to last July's 1,344 listings.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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