04 Jul Northern Suburbs & North Shore Property Secure Top Prices

Posted at 10:12h in Buyers Agent by Bernadette Brennan

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Withdrawn:	71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:

24 Bellambi St, Northbridge, a 5 bed, 3 bath, 2 parking home with a pool sold for $3.825m.
31 Trelawney St, Eastwood, a 6 bed, 4 bath, 3 parking Queen Anne home on 1587 sqm sold for $3.1m.
21 Rosedale Rd, Gordon, a 5 bed, 3 bath, 2 parking California Bungalow style home with a pool sold for $2.925m.
52 Delange Rd, Putney, a 5 bedroom, 4 bath, 2 parking home with a pool sold for $2.89m.
18 Fisher Ave, Ryde, a 5 bed, 3 bath, 2 parking new contemporary home with a pool sold for $2.89m (main image above).