Northern Suburbs & North Shore Property Secure Top Prices

Sydney Property Market Auction Results – June 30th, 2018

 

Property snapshot
Listed auctions: 495
Reported auctions: 270
Sold: 188
Withdrawn: 71
Cleared: 55%
Total sales: $161,838,903
Median: $1,165,000
Source: Australian Property Monitors

 

Sydney had 495 properties listed for auction this past weekend and 270 property results were reported. Of the reported auctions, 188 sold, for a 55% auction clearance rate. This clearance rate is in keeping with recent weeks, but I believe it would be lower if all the auction results were reported.

There were noticeably less high priced property sales this week. Sydney’s highest reported sale was a Northbridge home, which sold for $3.825m. Interestingly, the north shore region was the strongest geographic region this week. All of the top 5 sales were either in the northern suburbs or upper / lower north shore.

Until this week, beach suburbs were included in the week’s top sales – if not dominating them. However, the winter chill may have temporarily dampened buyer enthusiasm in these areas. I predict it is only a matter of time (and when the water warms up) before these suburbs are back in favour. For you astute investors, it is a good time to be looking in the beach suburbs.

Top 5 property sales across Sydney:

 

Sydney’s top sale – 24 Bellambi St, Northbridge

 

#2. 31 Trelawney St Eastwood

21 Rosedale St Gordon

#3. 21 Rosedale St Gordon

52 Delange St Putney

#4. 52 Delange St Putney

18 Fisher Ave Ryde

#5. 18 Fisher Ave, Ryde (also pictured main image)

 

Stay warm!

Bernadette

Bernadette Brennan is the Principal and founder of Premier Home Finders, a specialist real estate buyers agent located on Sydney's lower north shore.