Sydney Property Auction Results Saturday 1st October

Sydney Property Market Analysis 2016

Property snapshot
Listed auctions: 263
Reported auctions: 187
Sold: 160
Withdrawn: 22
Cleared: 77%
Total sales: $153,811,518
Median: $1,070,000
Source: Australian Property Monitors

 

Saturday was a quiet day for property auctions due to the long weekend. Only 263 properties were listed for auction, significantly down on past weeks.

5 Morella Rd, Mosman, the graffiti’d decrepit mansion overlooking Clifton Gardens sold at auction on September 29 for $6.6m. While the final sale price was less than the initial price expectations of $7.3m-$8m, it was still a very healthy price for a property that needs a complete overhaul.