05 Jun Sydney Property Auction Results June 2nd, 2018
Posted at 12:33h
in Buyers Agent
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| Withdrawn: | 91 |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 More properties were withdrawn prior to auction this week than last week.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