Check if you have any unclaimed money! Hurry and claim your share of the AUD $230 million! — Sydney auction clearance rate at 63%

Week’s Key Focus

The NSW government has recently announced that more than $234 million in unclaimed funds are waiting for residents to claim. These funds include unclaimed refunds, overpayments, dividends, bonds, uncashed checks, and proceeds from property sales.

According to Nine News Australia, it takes less than a minute to check if you are eligible to claim these funds. The average amount of unclaimed money per individual is $391. Residents can search the unclaimed money register for free on the Revenue NSW website to see if they have any unclaimed funds.

NSW Treasurer Courtney Houssos stated that the government has already returned $21 million to households this financial year, but there is still a significant amount of unclaimed money. She encourages residents to check the register online and claim what is rightfully theirs.

Chief Commissioner of State Revenue Scott Johnston also urged residents to check the register, emphasizing the importance of ensuring that unclaimed funds are returned to their rightful owners rather than being left unclaimed with businesses and organizations.

Residents who find they are eligible to claim funds will need to provide proof of identity and supporting documentation. Revenue NSW will release the funds within 28 days of a successful claim.

Data shows that the areas with the most unclaimed funds in regional NSW are Newcastle and Lake Macquarie, totaling $7.4 million, followed by Illawarra with $5.8 million. In the Greater Sydney area, the highest amount of unclaimed funds is in Sydney City and Inner South, with a total of $41.2 million, followed by North Sydney and Hornsby at $25.6 million, and Inner South West at $18.6 million.

Don’t miss out on your share! Visit the Revenue NSW website to check if you have any unclaimed funds and make your claim today.

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Auction Results Last Week

Sydney: 755 properties were auctioned, with results reported for 527; 331 were sold. The clearance rate was 63%, with total auction value of AUD 403,443,388 and a median house price of AUD 1,565,000.
Melbourne: 900 properties went to auction, with results reported for 690; 443 were sold. The clearance rate was 64%, with total auction value of AUD 331,313,738 and a median house price of AUD 941,000.