PHOTO: 22 Bathurst Street, Woollahra sold at auction of the weekend. Photo: Phillips Pantzer Donnelley
Property market watchers warned that Sydney was in a “two-speed market” at the weekend as vendors in the outer-western suburbs struggled to find buyers.
On Saturday, Domain data revealed a weekend auction clearance rate of 44 per cent from 334 reported auctions.
It was the fourth consecutive week the rate was below 50 per cent. More vendors were also not proceeding with booked auctions, with 170 properties out of a total auction list of 643 homes on Saturday withdrawn.
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