Though storms savaged the east coast over the weekend, causing torrential rain and millions of dollars worth of damage, property buyers still turned out in droves.
Though storms and heavy rain battered Sydney on the weekend, the city managed to achieve an auction clearance rate of 77%, the highest in the nation.
Australia-wide the weekend clearance rate was 77.5%, according to CoreLogic.
Hobart achieved the next highest clearance rate, with 75%, and Melbourne's rate was 71%.
Brisbane's clearance rate was 55%, Adelaide's was 67%, Canberra achieved 47%, and Perth's clearance rate was only 30%.
Storms raged from southern Queensland to NSW's south coast on the weekend, with heavy rain causing flooding and extensive damage. The NSW SES was called to more than 9,000 jobs, hundreds were forced to evacuate their homes, and many properties have been ruined.
Beachfront homes on Sydney's northern beach suburbs of Collaroy and Narrabeen were hit particularly hard, with the tide, wind direction and the severity of the storm combining to cause maximum damage. Residents had to be evacuated from several beachfront properties as huge seas threatened to wash the homes away. Eight-metre waves caused massive erosion, with backyard swimming pools collapsing on the beach, and multi-million-dollar beachfront homes hanging precariously over sandy ledges.
Fortunately conditions have eased today, allowing the clean up to continue.
See also:
Autumn ends with auction clearances holding steady
Sydney auctions approach boom peak