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Recent data has found that spring is the best time of year to put you property on the real estate market.

The Real Estate Institute of New South Wales (REINSW) found September boasted the highest clearance rates for new home sales.

REINSW president Christian Payne said that across NSW for September, 2,233 properties were put up for sale, recording a clearance rate of 62 per cent.

He explained: "Spring is a time of renewal in the property industry. The warmer weather means people can really show off the positive parts of their homes and many are ready to pound the pavement to look for a new place to live.

"Importantly from a buyers perspective they are able to take possession of the property well before the Christmas and New Year period if they take a standard 42-day contract."

Mr Payne added that this figure can also be attributed to the state government's decision to cut incentives to first home buyers who purchase existing properties.

The holiday season at the end of the year proved to be the least successful time of year to buy real estate.

The total value of NSW real estate that sold at auction in 2012 was set at $8 billion - with 20,000 auctions taking place for a clearance rate of 62 per cent.

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