December Market Snapshot #2

The Australian Property Monitors (APM) has released auction data from the last weekend in Sydney, which highlights the continued strength and resolve of the market as the festive season swings into full gear.

There were 540 properties put up for sale over the weekend, with 453 successful transactions occurring throughout the city - leaving the New South Wales capital with a clearance rate of 78 per cent.

The median sale price for properties in the region also grew over the last week, increasing from  $868,250 up to $890,000. For anyone hoping to sell their Inner West property in the near future, this could be an encouraging sign to be aware of.

For example, there were three successful sales in Balmain over the last weekend, with all three selling for well over the median price. A four-bedroom property in the suburb sold for $1,950,000, while a five-bedroom home sold for just under this - rounding out at a healthy $1,730,000.

Balmain wasn't the only suburb to have success over the last weekend, with Leichhardt also experiencing a number of satisfactory sales. There were four sales in the area, with two of them selling for over $1 million - a two-bedroom for $1,015,000 and a three-bedroom for $1,020,000.

This could indicate a great opportunity for anyone interested in selling their Inner West property to catch a great deal, especially as the market seems to be showing no signs of slowing down before the new year period.

However, it isn't simply a sellers market. There are a number of properties for sale across the Inner West suburbs that could be perfect for you.

Any young professionals interested in securing accommodation in the heart of Lilyfield could be interested in this one bedroom apartment unit, which offers centrality to the local amenities and could be the perfect spot settle down your roots while working in the region.