Sydney Property Auction Results June 2nd, 2018

Sydney Property Auction Results – June 2nd, 2018

 

Property snapshot
Listed auctions: 670
Reported auctions: 336
Sold: 238
Withdrawn: 91
Cleared: 56%
Total sales: $216,439,627
Median: $1,281,000
Source: Australian Property Monitors

 

Sydney’s winter weather has certainly affected buyers and given them a bad a case of cold feet. Sydney property buyers were fairly subdued at the weekend’s auctions with only a 56% auction clearance rate. Their lacklustre bidding was not to do with a property shortage as there were 670 properties listed for auction. More properties were withdrawn prior to auction this week than last week. Total sales were $40m less than last weekend, even though there were slightly more properties up for auction this week.

Notable Sydney Property Sales:

  • Greenwich had the highest priced sale of the week with 20 Wilona Ave selling for $5.75m, $250k over reserve.
  • Glebe had the second highest property sale with 61 Ferry Rd, Glebe, a 4 bedroom home, selling for $4.38m.
  • East Killara had the third highest property sale with 5 Larchmont Ave, East Killara, a 5 bedroom home selling for $4.025m.

 

20 Wilona Ave Greenwich sold for $5.75m.

 

5 Larchmont Ave E. Killara sold for $4.025m.

61 Ferry Rd Glebe sold for $4.38m.

 

6 Ferry Rd Glebe

 

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