Inner west auction data to 18th July

Buyer’s Agent Read on Auction Clearance Rates in the Inner West

The Inner West auction market again outperformed Sydney's broader trend. This week delivered a 61.1% clearance across my tracked suburbs against 49% Sydney-wide, though activity eased to 65 listed properties compared to 72 the previous week. Eleven properties withdrew before auction.

Vendor confidence remains shaky for auction day, with 72.7% of the 33 sales occurring prior to auction rather than on auction day itself.

Several suburbs recorded no auctions: Birchgrove, Earlwood, Lewisham, Sydenham, and Tempe.

Struggling areas included Lilyfield (3 listed, 1 passed in, 2 postponed, none sold) and Drummoyne (4 listed, 1 sold prior, 2 withdrawn, 1 postponed). A cluster of suburbs saw one property each scheduled for auction this week and withdrawn: Alexandria, Annandale, Ashbury, Haberfield, and Leichhardt.

Top-performing suburbs included Marrickville (4 listed, 3 sold), with Croydon Park and Stanmore both clearing all of their contested stock. These suburbs with one property scheduled for auction recorded sales at or pre-auction: Five Dock, Forest Lodge, Glebe, Rozelle, and St Peters, while Abbotsford recordeda strong 4 of 5 sales.

Notable sales: 8 Davidson Street, Balmain ($4.65m prior), 70 Waratah Street, Croydon Park ($3.27m prior), 72A Terry Street, Rozelle ($3.075m prior), 185 Addison Road, Marrickville ($2m prior), and 15 Gladstone Street, Marrickville ($1.9m prior).

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The stats

Of the reported auctions (Domain's denominator):

• 54 reported
• 61.1% IW clearance
• 9.3% at auction
• 44.4% prior
• 18.5% passed in
• 20.4% withdrawn
• 7.4% sold after