Sydney recorded a 12.1 percent higher median auction price during the Queen's birthday weekend

Tracking back the Sydney home auction market, it had witnessed a predictably slow weekend with 407 homes on offer. However, it was still the most auctions ever held over a Queen’s Birthday public holiday. Sydney recorded a clearance rate of 67.1 per cent on Saturday, simultaneously the median auction price of $ 1,160,000, which was 12.1 percent higher than the median price ( $1,035,000) recorded over the same weekend last year.