01 Nov Sydney Property Auction Results Saturday 29th October 2016
Sydney Property Market Analysis 2016
|Source:||Australian Property Monitors|
Sydney property had an 81% clearance rate at Saturday 29th October’s auctions. In good news for buyers, there were 164 more properties listed for auction than the prior week. The median price increased to $1.3m from $1.21m and total sales were up approximately 15% on the previous week.
There were some significant property sales this past week. 6-8 Carrara Rd, Vaucluse, a 9 bedroom, ten bathroom waterfront house, which has been on the market for approximately three years sold for approximately $50m to a local buyer.
The highest sale price of properties listed for auction was 27 Carlisle St, Tamarama, a five bedroom house with water views on 280 sqm, which sold prior to auction for $5.6m.
An unrenovated semi on Middle Head Rd, Mosman without parking sold at auction for $2.475m, a huge $375,000 over reserve.