Penrith. Ninety per cent clearance rate

Colliers International’s Penrith office has had a clearance rate of more than 90 per cent. Eleven of 12 properties up for auction sold for a combined $8 million, with a five-storey office block, at 331 High Street, selling for $1.05 million over reserve. It was the most properties up for auction in Penrith since the 1990s, according to The Sydney Morning Herald.