Sydney Property Auction Results – April 7th, 2018

Sydney Property Auction Results – April 7th, 2018

 

Property snapshot
Listed auctions: 702
Reported auctions: 431
Sold: 326
Withdrawn: 58
Cleared: 67%
Total sales: $304,288,600
Median: $1,200,000
Source: Australian Property Monitors

 

Sydney property performed moderately well at auction with 702 properties listed for auction and a reported auction clearance rate of 67%.

Property is selling well in some Sydney suburbs and defying the negative headlines. Whereas in other parts of Sydney, it is the opposite and property is performing poorly.

I strongly believe you should look at the fundamentals of where you are buying property and know the minimum amount of time you will own the property. Once you understand this, you can look at the underperforming suburbs differently and decide whether there is a property buying opportunity or not. We provide our clients with market intelligence to assist in selecting the best suburb for their family and budget needs.

The highest priced property sale this week was 21 Hope St, Pymble, a 6 bedroom home that sold for $6.5m. The second highest priced property sale this week was 23 Lyndhurst Crescent, Hunters Hill, a 5 bedroom waterfront home that sold for $6.18m (feature image above).

Sydney suburbs where property sales are strong*

  • Camperdown – 4/4 properties sold
  • Pyrmont – 4/5
  • Coogee – 6/6
  • Randwick – 4/5
  • Mosman – 4/4
  • Northbridge 4/4
  • Dee Why – 5/6
  • Hunters Hill 5/6
  • Botany – 5/5
  • Eastwood – 4/6

Sydney suburbs where property sales are weaker*

  • Blacktown – 1/5
  • Surry Hills – ¼
  • Maroubra – 2/5
  • Kellyville – 0/3
  • Auburn – 2/5

*Data from Australian Property Monitor’s Saturday 7th April auction report

As always, please feel free to contact us for an obligation free discussion to see how we can assist you with your property needs.

Bernadette

 

23 Lyndhurst Crescent Hunters Hill

21 Hope St Pymble

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