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Sydney Auction Results September 29th, 2018

Sydney Property Market Auction Results – September 29th 2018

 

Property snapshot
Listed auctions: 391
Reported auctions: 234
Sold: 128
Withdrawn: 48
Cleared: 45%
Total sales: $82,375,000
Median: $977,000
Source: Australian Property Monitors

 

Sydney property auctions certainly struggled over the long weekend. The auction clearance rate dropped to 45%, which is the lowest it has been in approximately a year. There were only 391 properties listed for auction since it was the start of the school holidays and also the long weekend.

Thursday night auctions appear to be more successful than Saturday auctions. Domain reported that Sydney’s second highest priced auction sale ever occurred this past week with the $20.4m sale of Bonnington, in Bellevue Hill. On the other side of the bridge, Mosman also had successful mid-week property auctions. Three Mosman properties sold under the hammer on Thursday night and three more sold prior to the auction and another four sold via private treaty. These auction results are not included in APM’s weekend auction results.

Mosman house sales in the past week:

So it is an interesting time in the Sydney property market. Good properties in good locations that are marketed with the correct price are still selling well. Even though the statistics don’t necessarily show this. But get any one of these three components wrong: property; price and/or location and there is a strong likelihood you won’t sell or sell for the price you want. A good real estate agent really does make a difference to the outcome when you sell your house. In this fickle market, you need your marketing and sales campaign right.

So do your research and make sure you speak to a few local real estate agents before you make your decision. Rate My Agent reviews are a great resource as you can get first hand feedback from sellers.

I’m always happy to provide you with my insight if you’re unsure as I am interacting with agents on a daily basis.

Until next week.

Bernadette

Top Sydney Weekend Auction Sales (Disclosed Prices):

 

2 Council St, Bondi Junction

2 Council St, Bondi Junction

22 Gladstone Pde, Lindfield

22 Gladstone Pde, Lindfield

130 Moverly Rd, Sth Coogee

130 Moverly Rd, Sth Coogee

152 Hawthorne Pde, Haberfield

152 Hawthorne Pde, Haberfield

 

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