Sydney auction market falls into crash mode

With the release of the latest auction clearance rate data from SQM Research, it was revealed that Sydney’s auction clearance rate had fallen to the lowest levels since their records began in February 2020 (excluding public holidays and the Christmas season)

Of all the various providers of auction clearance rate data, SQM’s is the gold standard, with the best available coverage of all the auction action across the nation.

While it takes until Tuesday afternoon for SQM to provide their read on the market, it is far more accurate than the preliminary or even later revised data from the other data providers.