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Sydney Property Market Analysis 2015

Sydney Property Market Analysis 2015

Sydney Property Auction Results – Saturday 20th June

Property snapshot
Listed auctions: 686
Reported auctions: 545
Sold: 475
Withdrawn: 26
Cleared: 83%
Total sales: $487,414,489
Median: $1,150,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 23rd May

Property snapshot
Listed auctions: 750
Reported auctions: 608
Sold: 543
Withdrawn: 37
Cleared: 84%
Total sales: $563,181,889
Median: $1,141,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 16th May

Property snapshot
Listed auctions: 556
Reported auctions: 438
Sold: 390
Withdrawn: 24
Cleared: 84%
Total sales: $380,281,050
Median: $1,095,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 9th May

Property snapshot
Listed auctions: 738
Reported auctions: 559
Sold: 514
Withdrawn: 17
Cleared: 89%
Total sales: $486,070,200
Median: $1,015,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 18th April

Property snapshot
Listed auctions: 737
Reported auctions: 599
Sold: 552
Withdrawn: 27
Cleared: 88%
Total sales: $509,657,857
Median: $1,025,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 11th April

Property snapshot
Listed auctions: 533
Reported auctions: 417
Sold: 381
Withdrawn: 22
Cleared: 87%
Total sales: $332,578,901
Median: $998,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 4th April

Property snapshot
Listed auctions: 34
Reported auctions: 24
Sold: 19
Withdrawn: 4
Cleared: 68%
Total sales: $20,767,000
Median: $1,375,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 28th March

Property snapshot
Listed auctions: 1128
Reported auctions: 847
Sold: 774
Withdrawn: 36
Cleared: 88%
Total sales: $679,930,756
Median: $1,064,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 21st March

Property snapshot
Listed auctions: 716
Reported auctions: 580
Sold: 522
Withdrawn: 26
Cleared: 86%
Total sales: $502,128,200
Median: $1,075,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 14th March

Property snapshot
Listed auctions: 641
Reported auctions: 497
Sold: 441
Withdrawn: 28
Cleared: 84%
Total sales: $412,101,680
Median: $1,025,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 7th March

Property snapshot
Listed auctions: 681
Reported auctions: 525
Sold: 465
Withdrawn: 33
Cleared: 83%
Total sales: $420,749,221
Median: $1,100,750
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 21st February

Property snapshot
Listed auctions: 636
Reported auctions: 514
Sold: 452
Withdrawn: 20
Cleared: 85%
Total sales: $405,830,314
Median: $1,100,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 14th February

Property snapshot
Listed auctions: 454
Reported auctions: 374
Sold: 322
Withdrawn: 12
Cleared: 83%
Total sales: $273,043,889
Median: $918,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 7th February

Property snapshot
Listed auctions: 297
Reported auctions: 256
Sold: 224
Withdrawn: 16
Cleared: 82%
Total sales: $181,162,348
Median: $865,380
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 31st January

Property snapshot
Listed auctions: 97
Reported auctions: 85
Sold: 67
Withdrawn: 10
Cleared: 71%
Total sales: $46,497,500
Median: $712,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 8th November

Property snapshot
Listed auctions: 943
Reported auctions: 605
Sold: 496
Withdrawn: 52
Cleared: 75%
Total sales: $526,399,628
Median: $1,087,500
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 1st November

Property snapshot
Listed auctions: 883
Reported auctions: 639
Sold: 557
Withdrawn: 37
Cleared: 82%
Total sales: $579,255,401
Median: $1,062,500
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 18th October

Property snapshot
Listed auctions: 704
Reported auctions: 478
Sold: 411
Withdrawn: 29
Cleared: 81%
Total sales: $413,979,776
Median: $975,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 27th September

Property snapshot
Listed auctions: 723
Reported auctions: 533
Sold: 452
Withdrawn: 19
Cleared: 82%
Total sales: $464,879,200
Median: $1,000,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 13th September

Property snapshot
Listed auctions: 570
Reported auctions: 457
Sold: 391
Withdrawn: 15
Cleared: 83%
Total sales: $415,235,287
Median: $992,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 6th September

Property snapshot
Listed auctions: 523
Reported auctions: 412
Sold: 364
Withdrawn: 28
Cleared: 83%
Total sales: $367,442,306
Median: $950,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 30th August

Property snapshot
Listed auctions: 583
Reported auctions: 449
Sold: 388
Withdrawn: 25
Cleared: 82%
Total sales: $383,688,076
Median: $965,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 23rd August

Property snapshot
Listed auctions: 440
Reported auctions: 319
Sold: 281
Withdrawn: 18
Cleared: 83%
Total sales: $265,157,200
Median: $965,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 16th August

Property snapshot
Listed auctions: 435
Reported auctions: 340
Sold: 293
Withdrawn: 17
Cleared: 82%
Total sales: $269,991,650
Median: $899,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 9th August

Property snapshot
Listed auctions: 434
Reported auctions: 338
Sold: 288
Withdrawn: 20
Cleared: 80%
Total sales: $285,029,999
Median: $931,500
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 5th July

Property snapshot
Listed auctions: 437
Reported auctions: 316
Sold: 247
Withdrawn: 22
Cleared: 73%
Total sales: $206,924,388
Median: $853,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 28th June

Property snapshot
Listed auctions: 598
Reported auctions: 438
Sold: 355
Withdrawn: 39
Cleared: 74%
Total sales: $332,483,800
Median: $945,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 21st June

Property snapshot
Listed auctions: 583
Reported auctions: 429
Sold: 343
Withdrawn: 28
Cleared: 75%
Total sales: $314,620,350
Median: $956,100
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 14th June

Property snapshot
Listed auctions: 614
Reported auctions: 447
Sold: 365
Withdrawn: 36
Cleared: 76%
Total sales: $337,287,311
Median: $882,500
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 7th June

Property snapshot
Listed auctions: 393
Reported auctions: 277
Sold: 221
Withdrawn: 23
Cleared: 74%
Total sales: $179,130,555
Median: $845,500
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 31st May

Property snapshot
Listed auctions: 907
Reported auctions: 568
Sold: 465
Withdrawn: 21
Cleared: 79%
Total sales: $446,050,608
Median: $935,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 24th May

Property snapshot
Listed auctions: 816
Reported auctions: 513
Sold: 428
Withdrawn: 27
Cleared: 79%
Total sales: $391,515,888
Median: $915,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 17th May

Property snapshot
Listed auctions: 599
Reported auctions: 397
Sold: 317
Withdrawn: 26
Cleared: 75%
Total sales: $227,044,850
Median: $859,750
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 10th May

Property snapshot
Listed auctions: 465
Reported auctions: 311
Sold: 256
Withdrawn: n/a
Cleared: 78%
Total sales: n/a
Median: $930,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 3rd May

Property snapshot
Listed auctions: n/a
Reported auctions: 462
Sold: 371
Withdrawn: 17
Cleared: 77%
Total sales: $329,846,775
Median: $825,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 26th April

Property snapshot
Listed auctions: 288
Reported auctions: 151
Sold: 127
Withdrawn: 11
Cleared: 78%
Total sales: $100,921,300
Median: $755,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 19th April

Property snapshot
Listed auctions: 41
Reported auctions: 30
Sold: 25
Withdrawn:
Cleared: 74%
Total sales: $
Median: $815,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 12th April

Property snapshot
Listed auctions: 1118
Reported auctions: 697
Sold: 581
Withdrawn:
Cleared: 78%
Total sales: $
Median: $958,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 5th April

Property snapshot
Listed auctions: 843
Reported auctions: 494
Sold: 425
Withdrawn: 33
Cleared: 81%
Total sales: $414,348,700
Median: $988,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 29th March

Property snapshot
Listed auctions: 820
Reported auctions: 393
Sold: 345
Withdrawn: 21
Cleared: 81%
Total sales: $329,753,800
Median: $914,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 22nd March

Property snapshot
Listed auctions: 686
Reported auctions: 352
Sold: 299
Withdrawn: 15
Cleared: 81%
Total sales: $286,358,600
Median: $935,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 15th March

Property snapshot
Listed auctions: 637
Reported auctions: 392
Sold: 338
Withdrawn: 21
Cleared: 82%
Total sales: $309,107,300
Median: $915,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 8th March

Property snapshot
Listed auctions: 629
Reported auctions: 388
Sold: 336
Withdrawn: 20
Cleared: 82%
Total sales: $317,810,800
Median: $900,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 1st March

Property snapshot
Listed auctions: 681
Reported auctions: 414
Sold: 359
Withdrawn: 20
Cleared: 83%
Total sales: $349,084,700
Median: $965,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 22nd February

Property snapshot
Listed auctions: 792
Reported auctions: 509
Sold: 462
Withdrawn: 28
Cleared: 86%
Total sales: $437,023,800
Median: $942,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 15th February

Property snapshot
Listed auctions: 471
Reported auctions: 303
Sold: 258
Withdrawn: 16
Cleared: 81%
Total sales: $228,771,400
Median: $880,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 8th February

Property snapshot
Listed auctions: 298
Reported auctions: 205
Sold: 179
Withdrawn: 7
Cleared: 84%
Total sales: $151,377,400
Median: $865,250
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 1st February

Property snapshot
Listed auctions: 95
Reported auctions: 73
Sold: 61
Withdrawn: 3
Cleared: 80%
Total sales: $46,513,500
Median: $817,500
Source: Australian Property Monitors

Sydney Property Market Analysis 2013

Sydney Property Auction Results – Saturday 21st December

Property snapshot
Total properties: 178
Sold: 134
Withdrawn: 17
Cleared: 69%
Total sales: $101,219,200
Median: $728,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 14th December

Property snapshot
Total properties: 636
Sold: 509
Withdrawn: 33
Cleared: 76%
Total sales: $422,689,400
Median: $820,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 7th December

Property snapshot
Total properties: 540
Sold: 453
Withdrawn: 39
Cleared: 78%
Total sales: $390,067,100
Median: $890,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 30th November

Property snapshot
Total properties: 483
Sold: 410
Withdrawn: 27
Cleared: 80%
Total sales: $356,689,700
Median: $868,250
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 16 November

Property snapshot
Total properties: 502
Sold: 429
Withdrawn: 30
Cleared: 81%
Total sales: $405,810,600
Median: $916,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 9 November

Property snapshot
Total properties: 448
Sold: 394
Withdrawn: 23
Cleared: 84%
Total sales: $353,034,100
Median: $890,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 2 November

Property snapshot
Total properties: 473
Sold: 410
Withdrawn: 32
Cleared: 81%
Total sales: $350,162,800
Median: $920,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 26 October

Property snapshot
Total properties: 459
Sold: 400
Withdrawn: 22
Cleared: 83%
Total sales: $352,289,100
Median: $895,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 19 October

Property snapshot
Total properties: 425
Sold: 366
Withdrawn: 33
Cleared: 80%
Total sales: $316,744,200
Median: $900,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 12 October

Property snapshot
Total properties: 480
Sold: 430
Withdrawn: 21
Cleared: 86%
Total sales: $397,983,800
Median: $900,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 28 September

Property snapshot
Total properties: 448
Sold: 388
Withdrawn: 28
Cleared: 82%
Total sales: $339,081,800
Median: $854,500
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 21 September

Property snapshot
Total properties: 363
Sold: 333
Withdrawn: 23
Cleared: 86%
Total sales: $347,671,800
Median: $930,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 14 September

Property snapshot
Total properties: 418
Sold: 370
Withdrawn: 22
Cleared: 84%
Total sales: $333,521,900
Median: $848,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 31 August

Property snapshot
Total properties: 398
Sold: 347
Withdrawn: 15
Cleared: 84%
Total sales: $300,991,000
Median: $802,500
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 17 August

Property snapshot
Total properties: 333
Sold: 274
Withdrawn: 26
Cleared: 76%
Total sales: $246,850,100
Median: $875,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 10 August

Property snapshot
Total properties: 263
Sold: 232
Withdrawn: 14
Cleared: 84%
Total sales: $176,634,500
Median: $810,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 3 August

Property snapshot
Total properties: 252
Sold: 213
Withdrawn: 10
Cleared: 81%
Total sales: $178,042,400
Median: $835,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 27 July

Property snapshot
Total properties: 269
Sold: 235
Withdrawn: 22
Cleared: 81%
Total sales: $188,348,600
Median: $785,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 20 July

Property snapshot
Total properties: 240
Sold: 206
Withdrawn: 14
Cleared: 81%
Total sales: $164,004,300
Median: $810,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 13 July

Property snapshot
Total properties: 245
Sold: 209
Withdrawn: 13
Cleared: 81%
Total sales: $176,206,000
Median: $817,500
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 6 July

Property snapshot
Total properties: 343
Sold: 290
Withdrawn: 29
Cleared: 78%
Total sales: $241,239,300
Median: $818,750
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 29th June

Property snapshot
Total properties: 342
Sold: 288
Withdrawn: 30
Cleared: 77%
Total sales: $236,492,800
Median: $820,500
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 22nd June

Property snapshot
Total properties: 351
Sold: 279
Withdrawn: 25
Cleared: 74%
Total sales: $210,797,200
Median: $840,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 15th June

Property snapshot
Total properties: 342
Sold: 283
Withdrawn: 26
Cleared: 77%
Total sales: $258,271,900
Median: $867,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 8th June

Property snapshot
Total properties: 171
Sold: 138
Withdrawn: 27
Cleared: 70%
Total sales: $94,601,610
Median: $700,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 1st June

Property snapshot
Total properties: 300
Sold: 255
Withdrawn: 27
Cleared: 78%
Total sales: $210,964,700
Median: $895,600
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 25th May

Property snapshot
Total properties: 286
Sold: 237
Withdrawn: 28
Cleared: 75%
Total sales: $211,756,400
Median: $880,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 18th May

Property snapshot
Total properties: 287
Sold: 238
Withdrawn: 17
Cleared: 78%
Total sales: $204,262,500
Median: $790,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 11th May

Property snapshot
Total properties: 299
Sold: 228
Withdrawn: 32
Cleared: 69%
Total sales: $198,075,500
Median: $823,500
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 4th May

Property snapshot
Total properties: 244
Sold: 200
Withdrawn: 12
Cleared: 78%
Total sales: $161,117,600
Median: $888,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 27th April

Property snapshot
Total properties: 282
Sold: 219
Withdrawn: 14
Cleared: 74%
Total sales: $189,395,300
Median: $855,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 20th April

Property snapshot
Total properties: 191
Sold: 158
Withdrawn: 18
Cleared: 76%
Total sales: $122,088,600
Median: $800,750
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 13th April

Property snapshot
Total properties: 193
Sold: 157
Withdrawn: 22
Cleared: 73%
Total sales: $139,381,100
Median: $850,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 6th April

Property snapshot
Total properties: 314
Sold: 247
Withdrawn: 44
Cleared: 69%
Total sales: $182,079,700
Median: $785,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 30th March

Property snapshot
Total properties: 19
Sold: 14
Withdrawn: 5
Cleared: 58%
Total sales: $10,834,490
Median: $790,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 23rd March

Property snapshot
Total properties: 485
Sold: 373
Withdrawn: 44
Cleared: 71%
Total sales: $299,915,500
Median: $871,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 16th March

Property snapshot
Total properties: 284
Sold: 234
Withdrawn: 28
Cleared: 75%
Total sales: $201,412,500
Median: $780,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 9th March

Property snapshot
Total properties: 327
Sold: 258
Withdrawn: 28
Cleared: 73%
Total sales: $219,265,600
Median: $858,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 2nd March

Property snapshot
Total properties: 303
Sold: 230
Withdrawn: 29
Cleared: 69%
Total sales: $200,057,500
Median: $919,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 23rd February

Property snapshot
Total properties: 316
Sold: 260
Withdrawn: 25
Cleared: 76%
Total sales: $212,019,800
Median: $860,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 16th February

Property snapshot
Total properties: 204
Sold: 161
Withdrawn: 21
Cleared: 72%
Total sales: $107,132,800
Median: $758,750
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 9th February

Property snapshot
Total properties: 137
Sold: 92
Withdrawn: 11
Cleared: 62%
Total sales: $67,700,600
Median: $757,500
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 2nd February

Property snapshot
Total properties: 25
Sold: 20
Withdrawn: 3
Cleared: 71%
Total sales: $12,638,000
Median: $542,000
Source: Australian Property Monitors

Sydney Property Market Analysis 2012

Sydney Property Auction Results – Saturday 22nd December

Property snapshot
Total properties: 44
Sold: 33
Withdrawn: 2
Cleared: 72%
Total sales: $16,831,000
Median: $510,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 15th December

Property snapshot
Total properties: 361
Sold: 237
Withdrawn: 53
Cleared: 57%
Total sales: $147,147,700
Median: $711,500
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 8th December

Property snapshot
Total properties: 399
Sold: 283
Withdrawn: 60
Cleared: 62%
Total sales: $200,759,200
Median: $786,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 1st December

Property snapshot
Total properties: 363
Sold: 238
Withdrawn: 78
Cleared: 54%
Total sales: $210,748,800
Median: $830,500
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 24th November

Property snapshot
Total properties: 330
Sold: 228
Withdrawn: 52
Cleared: 60%
Total sales: $186,753,500
Median: $834,400
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 17th November

Property snapshot
Total properties: 364
Sold: 260
Withdrawn: 55
Cleared: 62%
Total sales: $208,469,700
Median: $819,500
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 10th November

Property snapshot
Total properties: 343
Sold: 249
Withdrawn: 70
Cleared: 60%
Total sales: $200,645,700
Median: $790,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 3rd November

Property snapshot
Total properties: 312
Sold: 235
Withdrawn: 45
Cleared: 66%
Total sales: $178,414,900
Median: $851,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 27th October

Property snapshot
Total properties: 324
Sold: 248
Withdrawn: 41
Cleared: 68%
Total sales: $197,440,800
Median: $880,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 20th October

Property snapshot
Total properties: 301
Sold: 219
Withdrawn: 41
Cleared: 64%
Total sales: $144,990,500
Median: $750,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 13th October

Property snapshot
Total properties: 251
Sold: 180
Withdrawn: 32
Cleared: 64%
Total sales: $124,223,000
Median: $780,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 6th October

Property snapshot
Total properties: 292
Sold: 205
Withdrawn: 33
Cleared: 63%
Total sales: $140,168,800
Median: $792,500
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 29th September

Property snapshot
Total properties: 203
Sold: 147
Withdrawn: 35
Cleared: 62%
Total sales: $113,057,500
Median: $750,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 22nd September

Property snapshot
Total properties: 355
Sold: 263
Withdrawn: 36
Cleared: 67%
Total sales: $203,492,500
Median: $748,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 15th September

Property snapshot
Total properties: 268
Sold: 169
Withdrawn: 26
Cleared: 57%
Total sales: $133,968,500
Median: $795,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 8th September

Property snapshot
Total properties: 245
Sold: 168
Withdrawn: 32
Cleared: 61%
Total sales: $127,461,800
Median: $788,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 1st September

Property snapshot
Total properties: 228
Sold: 172
Withdrawn: 41
Cleared: 64%
Total sales: $131,545,100
Median: $765,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 25th August

Property snapshot
Total properties: 223
Sold: 154
Withdrawn: 23
Cleared: 63%
Total sales: $119,112,100
Median: $782,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 18th August

Property snapshot
Total properties: 218
Sold: 143
Withdrawn: 26
Cleared: 59%
Total sales: $98,752,250
Median: $771,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 11th August

Property snapshot
Total properties: 239
Sold: 158
Withdrawn: 27
Cleared: 59%
Total sales: $113,573,200
Median: $772,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 4th August

Property snapshot
Total properties: 180
Sold: 134
Withdrawn: 16
Cleared: 68%
Total sales: $95,988,350
Median: $756,500
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 28 July

Property snapshot
Total properties: 222
Sold: 158
Withdrawn: 39
Cleared: 61%
Total sales: $101,634,900
Median: $681,750
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 21 July

Property snapshot
Total properties: 203
Sold: 145
Withdrawn: 25
Cleared: 64%
Total sales: $99,853,200
Median: $724,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 14 July

Property snapshot
Total properties: 198
Sold: 133
Withdrawn: 28
Cleared: 59%
Total sales: $86,912,800
Median: $692,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 7 July

Property snapshot
Total properties: 188
Sold: 114
Withdrawn: 15
Cleared: 56%
Total sales: $80,327,400
Median: $753,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 30th June

Property snapshot
Total properties: 247
Sold: 154
Withdrawn: 34
Cleared: 55%
Total sales: $109,177,100
Median: $768,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 23rd June

Property snapshot
Total properties: 241
Sold: 153
Withdrawn: 32
Cleared: 56%
Total sales: $129,080,100
Median: $816,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 16th June

Property snapshot
Total properties: 251
Sold: 163
Withdrawn: 34
Cleared: 57%
Total sales: $111,003,600
Median: $750,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 9th June

Property snapshot
Total properties: 143
Sold: 83
Withdrawn: 22
Cleared: 50%
Total sales: $50,009,500
Median: $727,500
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 2nd June

Property snapshot
Total properties: 249
Sold: 162
Withdrawn: 46
Cleared: 55%
Total sales: $104,518,000
Median: $750,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 26th May

Property snapshot
Total properties: 297
Sold: 189
Withdrawn: 37
Cleared: 57%
Total sales: $161,970,300
Median: $803,500
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 19th May

Property snapshot
Total properties: 253
Sold: 166
Withdrawn: 34
Cleared: 58%
Total sales: $128,149,300
Median: $826,500
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 12th May

Property snapshot
Total properties: 265
Sold: 191
Withdrawn: 44
Cleared: 62%
Total sales: $160,313,100
Median: $800,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 5th May

Property snapshot
Total properties: 292
Sold: 204
Withdrawn: 45
Cleared: 61%
Total sales: $150,299,900
Median: $720,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 28 April

Property snapshot
Total properties: 197
Sold: 117
Withdrawn: 43
Cleared: 49%
Total sales: $82,928,000
Median: $702,500
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 21 April

Property snapshot
Total properties: 239
Sold: 162
Withdrawn: 36
Cleared: 59%
Total sales: $109,490,000
Median: $727,250
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 14 April

Property snapshot
Total properties: 182
Sold: 121
Withdrawn: 36
Cleared: 56%
Total sales: $77,342,350
Median: $659,750
Source: Australian Property Monitors

Saturday 7 April – No auctions due to Easter weekend

Sydney Property Auction Results – Saturday 31 March

Property snapshot
Total properties: 533
Sold: 337
Withdrawn: 93
Cleared: 54%
Total sales: $301,783,500
Median: $835,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 24 March

Property snapshot
Total properties: 301
Sold: 204
Withdrawn: 38
Cleared: 60%
Total sales: $154,715,600
Median: $830,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 17 March

Property snapshot
Total properties: 301
Sold: 208
Withdrawn: 57
Cleared: 58%
Total sales: $186,255,700
Median: $775,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 10 March

Property snapshot
Total properties: 266
Sold: 169
Withdrawn: 34
Cleared: 56%
Total sales: $139,592,800
Median: $800,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 3 March

Property snapshot
Total properties: 271
Sold: 172
Withdrawn: 40
Cleared: 55%
Total sales: $132,845,100
Median: $812,500
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 25 February

Property snapshot
Total properties: 349
Sold: 223
Withdrawn: 45
Cleared: 57%
Total sales: $183,553,800
Median: $850,000
Source: Australian Property Monitors

Sydney’s first major property auctions of 2012 had 349 properties up for auction and a 57% auction clearance rate. The median sale price was $850,000.

LOWER NORTH SHORE:

The lower north shore had an overall auction clearance rate of 68%, with 24 of 35 properties selling. This was comprised of:

 

  • 63% auction clearance rate for houses, with 10 of 16 houses selling
  • 50% auction clearance rate for apartments, with 4 of 8 apartments selling
  • In addition, two houses and five apartments sold via private treaty

 

On the north shore, properties in Hunters Hill sold well with four of four houses selling. Houses in Mosman did not sell as well with two of six selling.

EASTERN SUBURBS:

The eastern suburbs had an overall auction clearance rate of 70%, with 51 of 73 properties selling. This was comprised of:

 

  • 60% auction clearance rate for houses with 21 of 35 houses selling
  • 76% auction clearance rate for apartments with 25 of 33 apartments selling
  • In addition, five apartments sold via private treaty

Properties in beachside suburbs such as Coogee, Bondi and Maroubra sold well at auction. There were a large number of houses and apartments up for sale and both types of properties sold well. Specifically:

  • Coogee – 100% properties sold with 3 of 3 houses and 6 of 6 apts selling
  • Bondi – 86% properties sold with 3 of 4 houses and 3 of 3 apartments selling
  • Maroubra – 86% properties sold with 4 of 4 houses and 2 of 3 apartments selling

 

Sydney Property Auction Results – Saturday 18 February

Property snapshot
Total properties: 244
Sold: 152
Withdrawn: 38
Cleared: 54%
Total sales: $117,141,600
Median: $755,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 11 February

Property snapshot
Total properties: 141
Sold: 86
Withdrawn: 21
Cleared: 53%
Total sales: $55,113,620
Median: $680,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 4 February

Property snapshot
Total properties: 63
Sold: 48
Withdrawn: 4
Cleared: 72%
Total sales: $26,374,950
Median: $600,000
Source: Australian Property Monitors

Sydney Property Market Analysis – 2011

Sydney Property Auction Results – Saturday 17th December

Property snapshot
Total properties: 349
Sold: 209
Withdrawn: 68
Cleared: 50%
Total sales: $126,079,000
Median: $561,500
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 10th December

Property snapshot
Total properties: 437
Sold: 254
Withdrawn: 66
Cleared: 50%
Total sales: $184,392,400
Median: $725,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 3rd December

Property snapshot
Total properties: 378
Sold: 234
Withdrawn: 66
Cleared: 53%
Total sales: $196,892,000
Median: $700,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 26th November

Property snapshot
Total properties: 401
Sold: 260
Withdrawn: 73
Cleared: 55%
Total sales: $204,754,500
Median: $740,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 19th November

Property snapshot
Total properties: 376
Sold: 227
Withdrawn: 57
Cleared: 52%
Total sales: $175,510,400
Median: $713,000
Source: Australian Property Monitors

Sydney recorded a 52% auction clearance rate on Saturday 19 November. This is a lower clearance rate than we have seen in recent weeks. Notably, the median price dropped by almost 13%.

The eastern suburbs and the lower north shore continue to perform better than Sydney’s overall auction results. There were very few houses up for auction this week on the lower north shore — four of six houses sold at auction and three houses sold via private treaty. The eastern suburbs had similar property stock levels to recent weeks, however auction clearance rates for houses were down.

The property price correction has affected houses more than apartments, which has created some very interesting investing opportunities. With house prices down, rental yields have increased and there is a tightening in rental demand, which is forecast to continue. For example, 123 Hall St, Bondi Beach sold at auction for $1.6m and is now advertised for rent for $1650 per week, providing a 5.4% gross rental yield. This is not a unique example. Previously it was only apartments that were returning this kind of yield or houses in less desirable suburbs but this is no longer the case.

WHICH SUBURBS PERFORMED WELL THIS WEEK?

 

  • Bondi Beach – 2/2 houses + 4/4 apartments sold
  • Coogee – 1/1/ houses + 3/3 apartments sold
  • Surry Hills – 4/7 houses sold + 1 via private treaty and 4/4 apartments + 1 via private treaty

 

EASTERN SUBURBS:

The eastern suburbs had an overall auction clearance rate of 68%, with 48 of 71 properties selling. This was comprised of:

 

  • 54% auction clearance rate for houses with 15 of 28 houses selling
  • 72% auction clearance rate for apartments with 26 of 36 apartments selling
  • In addition, one house and six apartments sold via private treaty

 

LOWER NORTH SHORE:

The lower north shore had an overall auction clearance rate of 71%, with 20 of 28 properties selling. This was comprised of:

 

  • 67% auction clearance rate for houses, with 4 of 6 houses selling
  • 45% auction clearance rate for apartments, with 5 of 11 apartments selling
  • In addition, three houses and eight apartments sold via private treaty

 

Sydney Property Auction Results – Saturday 12th November

Property snapshot
Total properties: 392
Sold: 252
Withdrawn: 50
Cleared: 57%
Total sales: $219,716,700
Median: $805,000
Source: Australian Property Monitors

Sydney recorded a 57% auction clearance rate on Saturday 12 November. This week’s results were very similar to the prior week, with exactly the same amount of properties up for auction and the median sale price decreasing by slightly over 1% to $805,000 from $815,000.

As has been the case in recent weeks, both the eastern suburbs and the lower north shore have outperformed greater Sydney’s auction results and this trend continued this week. However, the stand-out result was the strength of the lower north shore house market. Sales of houses on the lower north shore have been sluggish, however it now appears this is now starting to change. As I have been reporting, house prices have been reduced and vendors are pricing them to sell. I believe we will continue to see savvy qualified purchasers buying these well-priced homes before the long Christmas hiatus.

WHICH SUBURBS PERFORMED WELL THIS WEEK?

 

  • Mosman – 6/6 houses sold + 1 via private treaty
  • Coogee – 4/5 apartments sold
  • Randwick – 3/3 houses sold + 1 via private treaty
  • Maroubra – 3/3 apartments sold
  • Paddington – 2/2 houses sold + 1 via private treaty
  • Cremorne – 5/5 apartments sold

 

EASTERN SUBURBS:

The eastern suburbs had an overall auction clearance rate of 77%, with 44 of 57 properties selling. This was comprised of:

 

  • 76% auction clearance rate for houses with 16 of 21 houses selling
  • 74% auction clearance rate for apartments with 23 of 31 apartments selling
  • In addition, two houses and three apartments sold via private treaty

 

This 4 bedroom Paddington terrace with parking sold for $2m. Here is the link: 36 Elizabeth St Paddington

This 3 bedroom waterfront unit with parking in Elizabeth Bay sold at auction for $2m. Here is the link:25/95 Elizabeth Bay Rd, Elizabeth Bay

LOWER NORTH SHORE:

The lower north shore had an overall auction clearance rate of 92%, with 33 of 36 properties selling. This was comprised of:

 

  • 94% auction clearance rate for houses, with 17 of 18 houses selling
  • 80% auction clearance rate for apartments, with 8 of 10 apartments selling
  • In addition, two houses and six apartments sold via private treaty

 

The best performing suburb across the north and the east was Mosman, with seven house sales. In addition, to the high sales volume, the average price of the six properties that sold at auction was $2m. This 4 bedroom Mosman home sold at auction in its second marketing campaign for $2.03m. Here is the link: 22 Wyong Rd Mosman

This 4 bedroom unrenovated Mosman home with a pool has water views over Quaker Bay and sold prior to auction for $2.555m. Here is the link: 20 Ryrie St Mosman

Sydney Property Auction Results – Saturday 5th November

Property snapshot
Total properties: 392
Sold: 261
Withdrawn: 75
Cleared: 56%
Total sales: $217,057,200
Median: $815,000
Source: Australian Property Monitors

Sydney property auctions had a 56% clearance rate on Saturday 5 November. Although there were 50 fewer properties listed for auction than the week prior, there were still 392 properties listed. The median sale price increased 2% to $815,000 from $800,000.

Houses in the eastern suburbs reported strong auction sales as did apartments in the east, both via auction and private treaty sales. Although house and apartment sales on the north shore were more subdued than the east, clearance rates in both areas are significantly higher than the overall Sydney clearance rate of 56%. One of the reasons for the strong clearance rates in the east and north is that houses are being priced to sell and qualified buyers who have been waiting on the sidelines are strategically moving when they see a good opportunity.

WHICH SUBURBS PERFORMED WELL THIS WEEK?

 

  • Bronte – 67% houses sold with two houses selling over $2m
  • Coogee – 100% of apartments sold
  • Randwick – 100% of houses sold
  • Clovelly – 100% of houses sold
  • Cremorne – 100% of apartments sold

 

EASTERN SUBURBS:

The eastern suburbs had an overall auction clearance rate of 80%, with 35 of 44 properties selling. This was comprised of:

 

  • 80% auction clearance rate for houses with 12 of 15 houses selling
  • 71% auction clearance rate for apartments with 15 of 21 apartments selling
  • In addition, eight apartments sold via private treaty

 

LOWER NORTH SHORE:

The lower north shore had an overall auction clearance rate of 69%, with 24 of 35 properties selling. This was comprised of:

 

  • 65% auction clearance rate for houses, with 13 of 20 houses selling
  • 60% auction clearance rate for apartments, with 6 of 10 apartments selling
  • In addition, four apartments sold via private treaty

 

Bronte was the only suburb in Sydney to record a $2m sale this week and it achieved two. The first is a three bedroom, two bathroom home close to the beach on 420 sqm in Bronte and it sold for $2.185m. Here is the link: 12 Alfred St Bronte

The second Bronte home has 4 bedrooms, two bathrooms, is on 340 sqm and it sold for $2.056m. Here is the link: 235 Birrell St Bronte

Sydney Property Auction Results – Saturday 29th October

Property snapshot
Total properties: 442
Sold: 280
Withdrawn: 74
Cleared: 54%
Total sales: $226,158,200
Median: $800,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 22nd October

Property snapshot
Total properties: 216
Sold: 134
Withdrawn: 22
Cleared: 56%
Total sales: $99,256,800
Median: $680,000
Source: Australian Property Monitors

Sydney property auctions had a 56% clearance rate on Saturday 22 October with 65 fewer properties listed for auction this week. The median sale price dropped almost 13% to $680,000 from $767,500 the week prior.

This continues to be a very price-sensitive market, where properties that are not priced correctly are not selling. Apartments continue to be the stand-out performers, particularly apartments in the Eastern Suburbs, where 26 apartments sold this week. Apartment sales are being driven by both investors, who are mostly purchasing one and two bedroom apartments as well as owner occupiers.

WHICH SUBURBS PERFORMED WELL THIS WEEK?

 

  • Cremorne – 100% of apartments sold
  • Bondi – 100% of apartments
  • Randwick – 100% of apartments sold
  • Neutral Bay – 100% of apartments sold
  • Maroubra – 86% of houses and apartments sold

 

EASTERN SUBURBS:

The eastern suburbs had an overall auction clearance rate of 71%, with 30 of 42 properties selling. This was comprised of:

 

  • 60% auction clearance rate for houses with 3 of 5 houses selling
  • 63% auction clearance rate for apartments with 17 of 27 apartments selling
  • In addition, nine apartments and one house sold via private treaty

 

LOWER NORTH SHORE:

The lower north shore had an overall auction clearance rate of 71%, with 12 of 17 properties selling. This was comprised of:

 

  • 63% auction clearance rate for houses, with 5 of 8 houses selling
  • 60% auction clearance rate for apartments, with 3 of 5 apartments selling
  • In addition, four apartments sold via private treaty

 

Strathfield had the most expensive house sale this week, with this five-bedroom home on approximately 800sqm selling for $3m at auction. Here is the link: 16 Barker Rd Strathfield

Sydney Property Auction Results – Saturday 15th October

Property snapshot
Total properties: 281
Sold: 182
Withdrawn: 50
Cleared: 55%
Total sales: $140,758,600
Median: $767,500
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 8th October

Property snapshot
Total properties: 272
Sold: 174
Withdrawn: 42
Cleared: 55%
Total sales: $120,822,200
Median: $722,500
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 1st October

Property snapshot
Total properties: 119
Sold: 78
Withdrawn: 18
Cleared: 57%
Total sales: $58,671,300
Median: $745,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 24 September

Property snapshot
Total properties: 361
Sold: 242
Withdrawn: 52
Cleared: 59%
Total sales: $202,344,800
Median: $770,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 17 September

Property snapshot
Total properties: 349
Sold: 226
Withdrawn: 45
Cleared: 57%
Total sales: $169,945,200
Median: $770,750
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 10 September

Property snapshot
Total properties: 265
Sold: 179
Withdrawn: 30
Cleared: 61%
Total sales: $140,471,700
Median: $760,000
Source: Australian Property Monitors

Sydney property auctions had their best day in several months with a 61% clearance rate on Saturday 10 September. The median sale price rose to $760,000 from $745,000 the week prior.

The lower north shore performed particularly well this week with 100% of apartments selling.

WHICH SUBURBS PERFORMED WELL THIS WEEK?

 

  • Cremorne – 100% of apartments sold
  • Mosman – 100% of houses sold
  • Neutral Bay – 100% of houses and apartments sold plus two apartments sold via private treaty
  • Bondi – 100% of houses and apartments
  • Paddington – 100% of apartments sold
  • Darlinghurst – 100% of apartments sold
  • Woolloomooloo – three apartments sold via private treaty

 

EASTERN SUBURBS:

The eastern suburbs had an overall auction clearance rate of 68%, with 40 of 59 properties selling. This was comprised of:

 

  • 65% auction clearance rate for houses with 13 of 20 houses selling
  • 63% auction clearance rate for apartments with 20 of 32 apartments selling
  • In addition, seven apartments sold via private treaty

 

WHICH PROPERTIES SOLD IN THE EAST THIS WEEK:

The trend that emerged from the eastern suburbs auctions is that houses sold better at auction this week. Apartments did not sell as well at auction as they have been recently, however this was offset by even private treaty apartment sales. However, apartments are still more popular, with 27 apartments sold versus 13 houses.

 

  • A full price was recorded at midweek auctions for this three bedroom deceased estate home in Double Bay on 321 sqm. It sold for $2,185,500. Here is the link: 36 Epping Rd Double Bay
  • This five bedroom home with a pool in Woollahra was passed in with a vendor’s bid of $5.85m and is now for sale for $5.85m. Here is the link: 14 Wallaroy Crescent Woollahra

 

LOWER NORTH SHORE:

The lower north shore had an overall auction clearance rate of 87%, with 26 of 30 properties selling. This was comprised of:

 

  • 69% auction clearance rate for houses, with 9 of 13 houses selling
  • 100% auction clearance rate for apartments, with 10 of 10 apartments selling
  • In addition, two houses and five apartments sold via private treaty

 

Apartments continue to sell on the lower north shore, particularly one and two bedroom apartments close to public transportation. Mosman houses sold the best of all suburbs this week with three of three houses selling at auction, followed by Cremorne with two of three houses selling.

WHICH PROPERTIES SOLD IN THE NORTH THIS WEEK:

 

  • Three bedroom, two bathroom home with a pool on 557 sqm on Montague Rd, Cremorne sold at auction for $1.9m. Here is the link: 7 Montague Rd Cremorne
  • Four bedroom home on 651 sqm on Lang St in Mosman, sold at auction for $1,945,000. Here is the link: 3 Lang St Mosman

 

Sydney Property Auction Results – Saturday 3 September

Property snapshot
Total properties: 255
Sold: 161
Withdrawn: 39
Cleared: 55%
Total sales: $123,420,600
Median: $745,000
Source: Australian Property Monitors

Sydney property auctions had a 54% clearance rate on Saturday 3 September, which is slightly down on the prior week’s 57% auction clearance rate. The median sale price was $745,000 compared to a median price of $765,000 the prior week. It was a slow start to the spring selling season with 20 less properties up for auction this week than last week. Agents indicate more stock will come on the market near the end of September.

WHICH SUBURBS PERFORMED WELL THIS WEEK?

 

  • Cremorne – 100% of apartments sold
  • Kirribilli – 100% of apartments sold
  • Neutral Bay – 75% of apartments sold plus three sold via private treaty
  • Paddington – 100% of houses and apartments sold
  • Coogee – 100% of houses sold
  • Randwick – 80% of houses and apartments sold

 

EASTERN SUBURBS:

The eastern suburbs had an overall auction clearance rate of 71%, with 44 of 62 properties selling. This was comprised of:

 

  • 52% auction clearance rate for houses
  • 82% auction clearance rate for apartments
  • In addition, two houses and nine apartments sold via private treaty

 

WHICH PROPERTIES SOLD IN THE EAST THIS WEEK:

For the third week in a row, the key trend from the eastern suburbs is how few houses sold at auction. There are some excellent opportunities presenting themselves as buyers remain cautious in the housing market. Apartments fared much better, with an 82% auction clearance rate plus nine apartments selling via private treaty.

 

  • This art deco apartment block of four x two bedroom units on 454 sqm in Coogee sold at auction for $1,995,000. Here is the link: 43 Dudley St Coogee
  • This five bedroom renovated home with a pool in Bellevue Hill on 750 sqm sold at midweek auction for $3,730,000. Here is the link: 45 Streatfield Rd Bellevue Hill

 

LOWER NORTH SHORE:

The lower north shore had an overall auction clearance rate of 75%, with 24 of 32 properties selling. This was comprised of:

 

  • 54% auction clearance rate for houses, with 7 of 13 houses selling
  • 80% auction clearance rate for apartments, with 8 of 10 apartments selling
  • In addition, nine apartments sold via private treaty

 

Sales of houses were subdued on the lower north shore this week, whereas apartments continued to sell well, particularly two bedroom apartments. Mosman was the suburb with the most houses up for auction, with three of five houses selling. Interestingly, the two houses that did not sell were freestanding houses priced at $1.69m and $2.3m respectively – seemingly fair prices. Here are the two properties:

 

  • Three bedroom, two bathroom home on 287 sqm on Euryalus St in Beauty Point, Mosman, passed in at auction with a vendor bid of $1.69m and is now for sale with a price guide of over $1.7m. Here is the link: 17 a Euryalus St Mosman
  • Four bedroom, three bathroom home with pool and parking on 470 sqm on Holt St in Mosman, passed in at auction at $2.3m and is now for sale with a price guide of over $2.3m. Here is the link: 116 Holt St Mosman

 

Sydney Property Auction Results – Saturday 27 August

Property snapshot
Total properties: 275
Sold: 180
Withdrawn: 43
Cleared: 57%
Total sales: $150,257,700
Median: $765,000
Source: Australian Property Monitors

The clearance rate for Sydney property auctions on Saturday 27 August was 57%, which is slightly down on the prior week but total sales $ were up approximately 38%. The median sale price also increased approximately 3% from the prior week to $765,000.

WHICH SUBURBS PERFORMED WELL THIS WEEK?

 

  • Cremorne – 3 of 3 houses sold and 2 of 2 apartments sold
  • Maroubra – 2 of 2 houses sold and 3 of 3 apartments sold
  • Darlinghurst – 5 of 5 apartments sold

 

EASTERN SUBURBS:

The eastern suburbs had an overall auction clearance rate of 73%, with 43 of 59 properties selling. This was comprised of:

 

  • 40% auction clearance rate for houses
  • 74% auction clearance rate for apartments
  • In addition, six houses and seven apartments sold via private treaty

 

WHICH PROPERTIES SOLD IN THE EAST THIS WEEK:

The interesting trend from the eastern suburbs auctions is how few houses sold at auction. There was the same amount of houses that sold via private treaty (six) versus via auction (six). Strong auction clearance rates indicate confidence in the market and higher private treaty sales indicate there are people still able to buy, however not rushing their decisions. The auction clearance rates for apartments in the east were much higher at 77% and there were also 7 apartments sold via private treaty for a total of 31 apartments sold versus 12 houses.

 

  • This 3 bedroom, 1 bathroom terrace on 170 sqm in Paddington St, Paddington sold at auction for $2,060,000. The property was marketed with a price guide of over $1,800,000 Here is the link: 53 Paddington St Paddington
  • This 4 bedroom house on 500 sqm in Bronte sold via private treaty for $3,000,000. Here is the link:76 Belgrave St Bronte
  • This 4 bedroom terrace on 148 sqm in Queens Park sold via private treaty for $1,590,000. Here is the link: 23 Rawson Ave Queens Park

 

LOWER NORTH SHORE:

The lower north shore had an overall auction clearance rate of 80%, with 20 of 25 properties selling. This was comprised of:

 

  • 75% auction clearance rate for houses
  • 75% auction clearance rate for apartments
  • In addition, one house and four apartments sold via private treaty

 

WHICH PROPERTIES SOLD ON THE LOWER NORTH SHORE THIS WEEK:

Houses and apartments both sold well on the lower north shore this week. Cremorne posted strong sales for both houses and apartments and one bedroom apartments continued to sell well. Five one bedroom apartments sold on the lower north shore this week, with a price range from $408,000 in Lavender Bay to $565,000 for a one bedroom Neutral Bay apartment. The average price for a one bedroom apartment in the Neutral Bay / Cremorne area is $400,000-$450,000.

Mosman houses had an interesting time at the weekend auctions, with only one of three houses selling. Mosman apartments were stronger with two of two apartments selling.

 

  • This three bedroom partially renovated semi with no parking on 263 sqm in Mosman sold prior to auction for $1.18m. It had been marketed with a price guide over $1.2m. Here is the link: 23 Lang St Mosman
  • This large three bedroom renovated apartment on Sutherland Street in Cremorne sold prior to auction for $1.15m. It had been marketed with a price guide over $1.1m. Here is the link: 3/38 Sutherland St Cremorne
  • This four bedroom three bathroom torrens title residence with harbour views sold at auction for $2.2m. It had been marketed with a price guide over $2.25m. Here is the link: 86 Cremorne Rd Cremorne Point

 

Sydney Property Auction Results – Saturday 20 August

Property snapshot
Total properties: 220
Sold: 141
Withdrawn: 19
Cleared: 59%
Total sales: $109,066,000
Median: $740,000
Source: Australian Property Monitors

Sydney property auctions had a 59% clearance rate on Saturday 20 August, which is in keeping with the auction clearance rates in August, and an improvement on July’s auction clearance rates. The median sale price decreased approximately 5% from the prior week to $740,000.

It has been an interesting week in the press with different messages coming from different media sources. Some are talking up the Sydney property market and some are talking it down. This is confusing and people are left wondering which version is correct. So here is my two cents worth:

 

  • Properties need to be priced realistically to sell. If they are not, then either they are not selling or they eventually get discounted to the market price -which should not be classified as a great bargain rather the correct price!
  • There is not a shortage of property stock.
  • Home buyers are very cautious in the $2m – high $3m price range and this middle tier is soft.
  • Properties over $4m are selling, although not necessarily quickly. There was a $4m and a $6m sale in Mosman last week.
  • Apartments buyers are selecting suburbs based on lifestyle choices such as beach or cafes and restaurants. For example, Bondi Beach and Bondi apartments are selling well and provide close to 5% rental yield. Potts Point apartments have a rental yield of 4.9% and Surry Hills a 5.3% yield.
  • One bedroom apartments close to public transportation and Neutral Bay shops on the lower North Shore are selling well in the $400,000-$450,000 price range and are providing 5% rental yields.

 

WHICH SUBURBS PERFORMED WELL THIS WEEK?

 

  • Surry Hills – 3 of 3 apartments sold
  • Randwick – 4 of 4 apartments sold
  • Neutral Bay – 3 of 4 apartments sold
  • Lane Cove – 3 of 3 houses sold

 

EASTERN SUBURBS:

The eastern suburbs had an overall auction clearance rate of 78%. This was comprised of:

 

  • 58% auction clearance rate for houses
  • 79% auction clearance rate for apartments
  • In addition, two houses and seven apartments sold via private treaty

 

WHICH PROPERTIES SOLD IN THE EAST THIS WEEK:

 

 

LOWER NORTH SHORE:

The lower north shore had an overall auction clearance rate of 62%, with 13 of 21 properties selling. This was comprised of:

 

 

WHICH PROPERTIES SOLD ON THE LOWER NORTH SHORE THIS WEEK:

 

 

Sydney Property Auction Results – Saturday 13 August

Property snapshot
Total properties: 215
Sold: 145
Withdrawn: 24
Cleared: 61%
Total sales: $116,949,000
Median: $778,000
Source: Australian Property Monitors

Sydney posted strong auction clearance rates on Saturday 13 August, with a 61% auction clearance rate. The median sale price increased approximately 10% from the prior week to $778,000.

So what trends emerged from this week’s auctions?

 

 

EASTERN SUBURBS:

The eastern suburbs had an overall auction clearance rate of 75%. This was comprised of:

 

 

WHICH PROPERTIES SOLD IN THE EAST THIS WEEK:

The eastern suburbs only had 13 houses up for sale this week, which is substantially less than other weeks. There was double the number of apartments for sale compared to houses. Two bedroom apartments in the East were very popular, with 12 of the 18 apartments selling having two bedrooms.

 

 

LOWER NORTH SHORE:

The lower north shore had an overall auction clearance rate of 73%, with 19 of 23 properties selling. While this was a strong overall result, this was based on a small sales volume of only 23 houses and apartments. This was comprised of:

 

  • 46% auction clearance rate for houses
  • 100% auction clearance rate for apartments
  • In addition, four apartments sold via private treaty

 

WHICH PROPERTIES SOLD ON THE LOWER NORTH SHORE THIS WEEK:

Lane Cove had the most houses for sale of any suburbs on the Lower North Shore this week, and six of seven houses sold.

 

  • This character unrenovated three bedroom home in Lane Cove on 696 sqm sold for $1.31m. Here is the link: 46 Finlayson St Lane Cove
  • This two bedroom garden apartment in Cremorne sold at auction for $710,000, after price guide of over $675,000. Here is the link: 7/6 Bannerman St Cremorne

 

Sydney Property Auction Results – Saturday 6 August

Property snapshot
Total properties: 202
Sold: 126
Withdrawn: 18
Cleared: 57%
Total sales: $96,467,000
Median: $705,000
Source: Australian Property Monitors

Sydney auction clearance rates were 57% for property auctions during the week of Saturday 6 August, up from 53% the week prior and the median house price decreased from $730,000 to $705,000. The auction results tell us that lower priced properties are selling – which tend to be apartments and semis – as more properties sold than the week before, yet the median price dropped 3.5%.

It is no surprise to anyone that this is a very price sensitive property market. July is historically a quiet winter month with very little property stock on the market, however both vendors and buyers have now been spooked with the downgrade of the US credit rating and the flow on effect this has had on the Australian stockmarket. Unfortunately this uncertainty has created fear, however this is a very good market in which to buy a property, particularly a family home. Smaller apartments and semis are selling and one bedroom apartments are selling quickly mostly to investors, however there is a definite opportunity in the freestanding family home sector.

EASTERN SUBURBS:

The eastern suburbs had an overall auction clearance rate of 67%. This was comprised of:

 

  • 46% auction clearance rate for houses
  • 67% auction clearance rate for apartments
  • In addition, 1 house and eight apartments sold via private treaty

 

WHICH PROPERTIES SOLD IN THE EAST THIS WEEK:

The eastern suburbs only had 13 houses up for sale this week, which is substantially less than other weeks. There was double the number of apartments for sale compared to houses. Two bedroom apartments in the East were very popular, with 12 of the 18 apartments selling having two bedrooms.

The suburbs that performed well this week were:

 

  • Surry Hills – 100% clearance rate with 7/7 properties selling
  • Coogee – 100% clearance rate with 3/3 apartments selling
  • Bondi Beach – 100% clearance rate with 4/4 apartments selling
  • However, overall Bondi, Nth Bondi & Bondi Beach had 56% clearance rate with 5/9 properties selling
  • This two bedroom, one bathroom renovated apartment in Darling Point sold for $1.17m. Here is the link: 1/24 Mona Rd Darling Point
  • This large two bedroom unrenovated apartment in Bondi Beach sold for $757,500. Here is the link:4/50-52 Beach Rd Bondi Beach

 

LOWER NORTH SHORE:

The lower north shore had an overall auction clearance rate of 64%. This was comprised of:

 

  • 50% auction clearance rate for houses
  • 67% auction clearance rate for apartments
  • In addition, three apartments sold via private treaty

 

WHICH PROPERTIES SOLD ON THE LOWER NORTH SHORE THIS WEEK:

As mentioned above, the lower north shore had very few properties up for auction this week. Cremorne had the most stock of the suburbs on the lower north shore, with two properties up for auction and one sale via private treaty.

 

  • This unrenovated two bedroom apartment in Cremorne Point with lovely water views sold at auction for $1.285m. Here is the link: 34/5 Milson Rd Cremorne Point
  • This one bedroom apartment in Cremorne Point sold via private treaty for $480,000. Here is the link:7/78 Spofforth St Cremorne
  • This large one bedroom apartment in Mosman sold via private treaty for $400,000. Here is the link:11/27 Somerset St Mosman

 

Sydney Property Auction Results – Saturday 30 July

Property snapshot
Total properties: 265
Sold: 155
Withdrawn: 28
Cleared: 53%
Total sales: $114,283,800
Median: $730,000
Source: Australian Property Monitors

Sydney auction clearance rates were 53% for property auctions during the week of Saturday 30 July, down from 64% the week prior and the median house price decreased from $773,000 to $730,000.

The lower north shore and the eastern suburbs both posted solid auction clearance results, however the lower north shore had very little stock on the market, only 18 properties, so the numbers were not very representative.

EASTERN SUBURBS:

The eastern suburbs had an overall auction clearance rate of 81%. This was comprised of:

 

  • 70% auction clearance rate for houses
  • 76% auction clearance rate for apartments
  • In addition, four houses and nine apartments sold via private treaty

 

INTERESTING PROPERTIES THAT SOLD IN THE EAST THIS WEEK:

The eastern suburbs posted strong auction clearance rates with 81% overall when compared to greater Sydney’s 53% auction clearance rates. Sales of semi-detached houses continued to be strong in the east, with multiple semi’s selling this week priced between $750,000 to $1.21m. Suburbs that are popular and performed well at the auctions were:

 

  • Randwick: 100% auction clearance rate with 7/7 properties selling
  • Rose Bay: 100% clearance rate with 3/3 properties selling
  • Darlinghurst: 90% clearance rate with 9/10 properties selling
  • Surry Hills: 86% clearance rate with 6/7 properties selling
  • This two bedroom semi in Rose Bay on 216 sqm sold for $1.21m. Here is the link: 59 Chaleyer St Rose Bay
  • This three bedroom house in Bronte is an unrenovated deceased estate on 424 sqm and sold for $2.4m. Here is the link: 42 Yanko St Bronte
  • This large 94sqm studio apartment in Surry Hills sold for $713,000. Here is the link: 4/46-48 Arthurs St Surry Hills

 

LOWER NORTH SHORE:

The lower north shore had an overall auction clearance rate of 83%. This was comprised of:

 

  • 83% auction clearance rate for houses
  • 67% auction clearance rate for apartments
  • In addition, three houses and three apartments sold via private treaty

 

INTERESTING PROPERTIES THAT SOLD ON THE LOWER NORTH SHORE THIS WEEK:

 

  • 5 bedroom renovated terrace on Cabramatta St in Mosman on 239 sqm, sold at auction for $1.495m. Here is the link: www.76 Cabramatta Rd Mosman
  • 4 bedroom house on Richmond Ave in Cremorne on 556 sqm sold for $1.651m. Here is the link:www.4a Richmond Ave Cremorne
  • This four bedroom house with a pool on Spruson St in Neutral Bay on 639 sqm sold via private treaty for $2.65m. Here is the link: www.11 Spruson St Neutral Bay

 

Sydney Property Auction Results – Saturday 23 July

Property snapshot
Total properties: 210
Sold: 148
Withdrawn: 23
Cleared: 64%
Total sales: $117,696,500
Median: $773,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 16 July

Property snapshot
Total properties: 181
Sold: 114
Withdrawn: 23
Cleared: 56%
Total sales: $89,584,750
Median: $728,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 9 July

Property snapshot
Total properties: 212
Sold: 131
Withdrawn: 36
Cleared: 53%
Total sales: $94,130,200
Median: $750,000
Source: Australian Property Monitors

Sydney Property Auction Results – Saturday 2 July

Property snapshot
Total properties: 185
Sold: 116
Withdrawn: 18
Cleared: 57%
Total sales: $90,923,250
Median: $750,000
Source: Australian Property Monitors

Sydney auction clearance rates on Saturday 2 July were 57%, which is within the 50%-60% clearance rate over the last four months. There were only 185 properties up for auction, which is a quiet week. The median price dropped to $750,000 from $805,000.

So what trends emerged from this week’s auctions?

 

  • Price sensitive market (I know, tell you something you don’t know!)
  • Paddington interesting market with 26 houses for sale
  • Shortage of Mosman family homes (non-prestige)
  • Abundance of Mosman prestige homes on market – $10m+

 

As we all know, Sydney is currently a very price sensitive property market. Properties that are priced appropriately are selling and properties that are priced $1m and below are also moving well – hence the continued strength of the inner west property market.

In my opinion, Paddington is a suburb to watch. Last week, Paddington had a 20% auction clearance rate for houses – that is one of five houses sold. This week, no houses in Paddington sold via private treaty and another house was passed in at auction on a vendor’s bid. So there is a lot of housing stock available in Paddington, currently 26 homes on domain.com.au and some vendors will be more motivated to sell their properties.

Interestingly, Mosman houses are selling well – particularly those that are priced to market. There is actually a shortage of housing stock in Mosman for family homes. This week, two of two Mosman houses sold prior to auction and were priced at $1.7m and $1.46m respectively.

The shortage of stock does not apply to Mosman’s prestige market, which is another beast all together. There are currently 13 prestige properties – that are priced above $10m – for sale publicly. There are additional properties that are being quietly marketed to interested buyers. The strength of the Australian dollar has been affecting this sector of the market, with some expat buyers sitting on the sidelines.

EASTERN SUBURBS:

The eastern suburbs had an overall auction clearance rate of 83%. This was comprised of:

 

  • 73% auction clearance rate for houses
  • 86% auction clearance rate for apartments
  • In addition, four apartments and one house sold via private treaty

 

INTERESTING PROPERTIES THAT SOLD IN THE EAST THIS WEEK:

Surry Hills had an 83% auction clearance rate for houses with five of six homes selling. The median sales price was $790,000. Here are some of the properties that sold:

 

  • 424 Bourke St, Surry Hills is a 3 bedroom terrace on 127 sqm that sold for $1.12m. Here is the link:www.424 Bourke St.com.au
  • 25 Phelps St, Surry Hills is a 2 bedroom terrace on 48 sqm that sold for $687,500. Here is the link:www.25 Phelps St.com.au
  • 12 Fitzroy St, Surry Hills is a 2 bedroom terrace on 92 sqm that sold for $801,000. Here is the link:www.12 Fitzroy St.com.au

 

Randwick recorded positive auction results with two of two houses selling and three of three apartments selling.

 

  • This un-renovated 6 bedroom house on Darley St, Randwick, on 655 sqm sold at auction for $2.6m. Here is the link: www.53 Darley Rd.com.au

 

LOWER NORTH SHORE:

The lower north shore had an overall auction clearance rate of 86%. This was comprised of:

 

  • 60% auction clearance rate for houses
  • 83% auction clearance rate for apartments
  • In addition, eight apartments and two houses sold via private treaty. The apartments were mostly one and two bedroom units and had a median price of $566,000.

 

INTERESTING PROPERTIES THAT SOLD ON THE LOWER NORTH SHORE THIS WEEK:

 

  • This 4 bedroom, two bathroom semi-detached home on Holt St, Mosman sold prior to auction for $1.7m.Here is the link: www.110 Holt St.com.au
  • This 3 bedroom, 3 bathroom townhouse on Prince St, Mosman sold prior to auction for $1.46m. Here is the link: www.14 Prince St.com.au
  • This two bedroom, one bathroom renovated unit in Cremorne sold prior to auction for $695,000. Here is the link: www.4/6 Bannerman St.com.au

 

Sydney Property Auction Results – Saturday 25th June

Property snapshot
Total properties: 322
Sold: 213
Withdrawn: 31
Cleared: 60%
Total sales: $176,461,600
Median: $805,000
Source: Australian Property Monitors

Sydney auction clearance rates increased to 60% for auctions during the week of Saturday 25 June, up from 53% the week prior. The median house price increased 9% to $805,000.

Interestingly, the Eastern suburbs, which has been performing better than the overall Sydney market, had a subdued week. The lower north shore posted very strong auction clearance rates, however with very little stock on the market. The inner west property market is performing better than both the East and the North, and this strength is driven by three main things:

 

  • Median house price of just under $1 million
  • Steady demand by singles and families
  • Close proximity to Sydney CBD — less than 10 kms

 

EASTERN SUBURBS:

The eastern suburbs had an overall auction clearance rate of 63%. This was comprised of:

 

  • 53% auction clearance rate for houses
  • 64% auction clearance rate for apartments
  • In addition, eight apartments sold via private treaty

 

INTERESTING PROPERTIES THAT SOLD IN THE EAST THIS WEEK:

Paddington posted interesting results this week with a 20% auction clearance rate for houses, with only one of five houses selling at auction. Surry Hills was another interesting suburb but for positive reasons with five of six houses and two of two apartments selling at auction. Another suburb that recorded strong auction results was Bondi, with five of seven apartments selling at auction.

 

  • This two bedroom renovated terrace on Commonwealth St in Surry Hills on 124 sqm sold for $1.125m. Here is the link: www.205 Commonwealth St.com.au
  • This four bedroom, three bathroom architecturally designed house on 400 sqm in Bronte, sold for $2.53m. Here is the link: www.26 Brown St.com.au
  • The one house in Paddington that did sell at auction this week was 68 Sutherland St, a three bedroom un-renovated terrace on 120 sqm. It sold for $1.36m. Here is the link: www.68 Sutherland St.com.au

 

LOWER NORTH SHORE:

The lower north shore had an overall auction clearance rate of 91%. This was comprised of:

 

  • 100% auction clearance rate for houses
  • 80% auction clearance rate for apartments
  • In addition, six apartments sold via private treaty

 

INTERESTING PROPERTIES THAT SOLD ON THE LOWER NORTH SHORE THIS WEEK:

 

 

Sydney Property Auction Results – Saturday 18th June

Property snapshot
Total properties: 309
Sold: 189
Withdrawn: 47
Cleared: 53%
Total sales: $147,191,500
Median: $735,000
Source: Australian Property Monitors

Sydney had a busy auction day on Saturday 18 June, with almost twice as many properties up for auction when compared to the previous week. The auction clearance rate remained very similar at 53%. Although the total sales dollars increased due to the increased number of properties for sale, the median price actually decreased to $735,000. Effectively this is telling us that the properties that are selling are apartments and lower priced houses, which tend to be semis.

A recent study by the Grattan Institute reveals that while people in Sydney and Melbourne would like a large detached house close to the city the reality is that not everyone can afford that. Therefore, semis and apartments are their next choice in order to maintain their lifestyle. This lifestyle choice continues to underpin the strength in semi-detached houses that we have been seeing.

EASTERN SUBURBS:

The eastern suburbs had an overall auction clearance rate of 71%. This was comprised of:

 

  • 62% auction clearance rate for houses
  • 70% auction clearance rate for apartments
  • In addition, five apartments and one house sold via private treaty

 

WHAT SOLD IN THE EAST?:

42a Duke St Kensington, a 3 bedroom renovated semi on 398 sqm sold for $1.38m. Here is the link:www.Kensington semi.com.au

Five of six apartments sold in Coogee this week. This 2 bedroom apartment sold prior to auction for $655,000. Here is the link: www.5/182 Arden St.com.au

This beautifully renovated 4 bedroom freestanding home in Maroubra on 501 sqm sold for $2.02m. Here is the link: www.6 Duncan St.com.au

LOWER NORTH SHORE:

The lower north shore had very few properties up for auction this week, with an overall auction clearance rate of 68%. This was comprised of:

 

  • 60% auction clearance rate for houses
  • 64% auction clearance rate for apartments
  • In addition, three apartments sold via private treaty

 

WHAT SOLD THIS WEEK ON THE LOWER NORTH SHORE?:

7 Lodge Rd, Cremorne a three bedroom freestanding home on 601 sqm sold for $1.9m. Here is the link:www.Cremorne home.com.au

This beautiful four bedroom home on 1,000+ sqm in Mosman sold for between $4m -$4.3m. Here is the link: www.8 Pearl Bay Ave.com.au

This two bedroom Mosman apartment sold at auction for $675,000. Here is the link: www.8/10 Hartnett Ave.com.au

Sydney Property Auction Results – Saturday 11th June

Property snapshot
Total properties: 159
Sold: 96
Withdrawn: 24
Cleared: 52%
Total sales: $72,423,350
Median: $749,000
Source: Australian Property Monitors

Sydney property auction clearance rates for Saturday 11 June were 52%, which is slightly lower than we have been seeing in recent months, with the norm hovering between 55% and 60%. It was a very light week for property auctions, with only 159 properties up for auction versus 296 the week prior. Total sales in dollar terms were less than half when compared to the prior week and the median price dropped by 9% to $749,000.

So, what does this mean, is it doom and gloom across Sydney?

NO! As a rule, properties that are priced appropriately are selling and those where the vendors have unrealistic expectations are not. Eventually these properties may sell after they have been substantially discounted, which becomes a media story, however really these properties are now realistically priced for the current real estate market.

Interestingly the Eastern Suburbs performed strongly this week with more properties up for sale and selling than the previous week. The lower north shore did not have many properties up for auction, however the combined auction clearance rate for both houses and apartments was higher this week than last.

After talking with multiple real estate agents, it appears that we will not see a lot of new stock on the market now until after the July school holidays. We can expect to see new properties come on the market at the end of July.

LOWER NORTH SHORE:

This week the lower north shore had an overall auction clearance rate of 83%, which was made up of:

 

  • 80% clearance rate for houses
  • 67% clearance rate for apartments
  • In addition, four apartments sold via private treaty

 

WHAT SOLD THIS WEEK ON THE LOWER NORTH?

There was some good buying in Mosman this week, with this lovely old home on almost 900 sqm on Balmoral slopes selling prior to auction for between $2.4m-$2.5m. Here is the link: www.42-44 Upper Almora St.com.au

This 3 bedroom harbourside apartment in Neutral Bay sold for $2.525m via private treaty, very close to it’s asking price of $2.64m Here is the link: www.1/141 Kurraba Rd.com.au

This 6 bedroom home on 784 sqm in Castlecove sold prior to auction for $1.53m. Here is the link:www.88 Neerim Rd.com.au

EASTERN SUBURBS:

The eastern suburbs had an overall auction clearance rate of 72%. This was comprised of:

 

  • 71% auction clearance rate for houses
  • 68% auction clearance rate for apartments
  • In addition, six apartments sold via private treaty

 

WHAT SOLD IN THE EAST? :

Semi-attached homes continue to be popular and boosted the auction clearance rates for houses in the East. Here is a comparison of semi’s that sold at auction on Saturday:

 

  • This un-renovated three bedroom semi on 322sqm in Bondi sold at auction for $1.29m (to compare other Bondi semi sales see Sat 21 May property report below). Here is the link: www.11 Glen St Bondi.com.au
  • This renovated three bedroom semi on 171sqm sold in Bondi Junction sold at auction for $1.38m. Here is the link: www.53 Brisbane St.com.au
  • This un-renovated three bedroom semi on 198sqm in Woollahra sold at auction for $1.17m. Here is the link: www.15 Edward St.com.au

 

75% of apartments in Elizabeth Bay sold at auction last week. Here is a sample:

 

 

Sydney Property Auction Results – Saturday 5th June

Property snapshot
Total properties: 296
Sold: 188
Withdrawn: 48
Cleared: 55%
Total sales: $164,880,800
Median: $817,000
Source: Australian Property Monitors

Sydney auction clearance rates for Saturday 5 June were 55%, with 296 properties up for auction and 188 of them selling. The clearance rate is in line with recent months, hovering between 55% and 60%. However, this week there were 35% less properties up for auction than last week.

Interestingly, properties are selling when they are realistically priced and/or where the property is unique or appeals to a specific market. For example, the market for family homes continues to be strong, with this property in Randwick selling at auction for $2.9m, a 26% premium on the vendor’s expectations. www.60 St. Marks Rd.com.au

Also, this Mosman home sold recently before auction (approx $3.8m) and again, this appealed to the family market. www.11 Prince Albert St.com.au

LOWER NORTH SHORE:

This week the lower north shore had an overall auction clearance rate of 72%, which was made up of:

 

  • 69% clearance rate for apartments
  • 56% clearance rate for houses
  • In addition, ten apartments and three houses sold via private treaty

 

Although, overall across Sydney there was less stock on the market than the prior week, the lower North Shore bucked the trend and had 28% more properties on the market than the prior week, which shows we are seeing some confidence coming back into the market. Even though Mosman only had a 50% clearance rate for houses, there are steadily more homes being put up for auction.

WHAT SOLD THIS WEEK ON THE LOWER NORTH?

Northbridge, which is usually a sleeper suburb in that it encompasses a fairly small area and there are not very many properties for sale had a record five houses up for auction, of which six sold (83%) and also one for sale via private treaty. Not only did Northbridge have the highest house clearance rate on the North, the suburb recorded approximately $8,000,000 in house sales.

 

 

Cremorne had eight properties up for sale, which resulted in a 63% auction clearance rate, with apartments performing slightly better than houses. This two bedroom Cremorne apartment sold for $615,000. www.Gerard St.com.au

Mosman had a 50% auction clearance rate for houses. This un-renovated three bedroom house sold for $2.31m. It was originally advertised with expectations over $2.6m. www.14 Gordon St.com.au

201/125 Spencer Rd, Mosman, a 3 bedroom unit sold for $811,000 prior to auction. It had price expectations over $750,000. www.Mosman real estate.com.au

EASTERN SUBURBS:

The eastern suburbs had an overall auction clearance rate of 63%. This was comprised of:

 

  • 41% auction clearance rate for houses
  • 75% auction clearance rate for apartments

 

WHAT SOLD IN THE EAST? :

Bondi apartments continue to sell well, particularly around the $600,000 and below price point. Five of six apartments sold at the weekend with 2 bedroom apartments comprising most of these sales.

 

 

Potts Point had a 100% auction clearance rate with five of five apartments selling. Three one bedroom apartments sold, priced at $560,000, $565,000 and $575,000, reflecting the current market price of one bedroom apartment in Potts Point.

 

 

Houses performed poorly at auction in Darlinghurst, with only one of four selling.

 

  • Here is a three-bedroom house in Darlinghurst that passed in for $1.85m and is now for sale for $1.95m. www. 22 Francis St.com.au

 

Contact Bernadette now on 0410 568 244 or email her to find out how you can save time and money and be in your new house sooner.

Sydney Property Auction Results – Saturday 28th May

Property snapshot
Total properties: 401
Sold: 259
Withdrawn: 40
Cleared: 59%
Total sales: $229,167,200
Median: $831,500
Source: Australian Property Monitors

Sydney had an auction clearance rate of 59% on Saturday 28 May with 401 properties up for auction and 259 of them selling. This week fifty-four more properties sold at auction across Sydney compared to last week and total sales in dollar terms were 32% higher ($229,167,200 vs $174,213,800). The median property price rose $30,000 to $831,500.

LOWER NORTH SHORE:

This week the lower north shore had an overall auction clearance rate of 73%.This was made up of:

 

  • 78% clearance rate for apartments
  • 55% clearance rate for housesIn addition, five apartments and one house sold via private treaty. This week there were more houses that sold at auction and less that were sold via private treaty.WHAT SOLD THIS WEEK ON THE NORTH?
  • 5/88 Milson Rd Cremorne Point, an unrenovated, three bedroom apartment with water views, sold for $1.31m (original price guide was over $1.1m). Here is the link: www.5/88 Milson Rd.com.au
  • 6 Ryries Parade, Cremorne a renovated 4 bedroom house with pool sold for $2.65m. Initial price estimates were over $2.7m, which was revised down to over $2.55m. Here is the link: www.6 Ryries Pde.com.au
  • 99 Springdale Rd, East Killara had a high priced property sale, with this five bedroom house on 800 sqm with a pool selling for $2.95m. Here is the link: www.99 Springdale Rd.com.au

 

EASTERN SUBURBS:

The eastern suburbs had an overall auction clearance rate of 57%. This was comprised of:

 

  • 48% auction clearance rate for houses
  • 57% auction clearance rate for apartments
  • In addition, four apartments and one house sold via private treaty
  • North Bondi continued to record strong house sales, particularly below $2m. There are a lot of semi-attached houses in North Bondi, which fall in the under $2m price point.WHAT SOLD THIS WEEK IN THE EAST?
  • This un-renovated deceased estate two bedroom semi on 245sqm sold at auction on Saturday for $1.3m, which is a high price considering renovated semis are selling in the $1.6m price range (for examples see Sat 21 May property report below). Here is the link: www.20 Knowles Ave.com.au
  • 31 Dillon St Paddington, a 4 bedroom terrace, also recorded a strong result, selling at auction for $1.64m. Here is the link: www.31 Dillon St.com.au
  • 2/6 Challis Ave, Potts Point, a 3 bedroom apartment sold for $1.59m. Here is the link: www.2/6 Challis Ave.com.au

 

In the current real estate environment we are finding that properties priced appropriately are moving and houses priced under $2m are selling. The market for apartments continues to be strong, however it is somewhat dependent upon your location. Apartments close to public transportation and close to the city are selling well and also providing good rental yields.

To see how we can help alleviate your stress and save you time and money, contact Bernadette on 0410 568 244 or email Bernadette@premierhomefinders.com.au

Sydney Property Auction Results – Saturday 21st May

Property snapshot
Total properties: 286
Sold: 204
Withdrawn: 48
Cleared: 61%
Total sales: $174,213,800
Median: $801,000
Source: Australian Property Monitors

Sydney auction clearance rates for Saturday 21 May were 61% – very similar to last week’s 60% auction clearance rate however this week 78 more properties were sold. Commensurately, total sales this week were approx 60% higher than last week and the median property price rose to $801,000.

LOWER NORTH SHORE:

The striking things about auctions on the lower north shore this week were:

 

  • The lack of house sales
  • That more houses sold via private treaty rather than via auction
  • Apartments are still selling strongly (see more below)There are still a number of auction campaigns being conducted but savvy vendors are selling their properties pre-auction where there is a reasonable offer rather than chancing the auction.Overall the lower north shore had an 82% auction clearance rate with apartments constituting the bulk of the sales. Apartments had an 80% auction clearance rate and most sold via auction rather than private treaty, as there is strong demand for apartments. In particular, one bedroom apartments in Cremorne and Neutral Bay that are close to public transportation are being snaffled up as there is a pent up rental demand and they are positively geared. For example, one bedroom apartments are selling for $400,000-$450,000 and are renting for $400-$450 per week.WHAT SOLD THIS WEEK?
  • 2/6 Murdoch St, Cremorne, a large elegant two bedroom duplex, sold for $1.19m.Here is the link:www.2/6 Murdoch St.com.au
  • 20a Euryalus St, Mosman, a 3 bedroom house sold via private treaty for $2.035m (from asking price of $2.5m). Here is the link: www.20a Euryalus St.com.au

 

EASTERN SUBURBS:

The eastern suburbs had an overall auction clearance rate of 60%. This was comprised of:

 

  • 45% auction clearance rate for houses
  • 64% auction clearance rate for apartments

 

All of the houses that were up for auction in Double Bay, Rose Bay and North Bondi sold. Overall, Bondi (includes sales in Bondi Beach, Bondi and North Bondi) is one of the strongest markets in the East and is one of the few that is performing well for both houses and apartments, with:

 

  • An 86% clearance rate for apartments
  • A 73% clearance rate for houses
  • North Bondi, is the strongest for house sales4/85 Roscoe St, Bondi a 2 bedroom deceased estate sold midweek for $464,000. Here is the link:www.Roscoe St.com.au

 

15a Midleton Ave, a renovated 4 bedroom semi-attached house on small block sold prior to auction for $1.62m. Last week, 7 Midleton Ave, Bondi also a renovated 4 bedroom home sold for $1.71m.Here is the link to 15a Middleton: www.Midleton Ave.com.au

The Sydney property market is currently offering great buying opportunities in selected pockets.

For a free, confidential consultation, contact Bernadette on 0410 568 244 orBernadette@premierhomefinders.com.au

Sydney Property Auction Results – Saturday 14th May

Property snapshot
Total properties: 207
Sold: 140
Withdrawn: 26
Cleared: 60%
Total sales: $109,272,500
Median: $753,000
Source: Australian Property Monitors

Saturday 14 May had a total of 207 properties up for sale via auction versus 278 for sale on Saturday 7 May. This week, had a 60% auction clearance rate, which is slightly higher than last week, however in keeping with the auction clearance rates across Sydney for the last month.

The strong theme from this week’s auctions was the lack of houses up for auction in both the Eastern Suburbs and the lower North Shore, but particularly so on the lower North Shore.

In fact, there was only one house up for auction on the lower North Shore. The house at 42 Harbour St, Mosman passed in at auction after having been on and off the market for approximately the last seven months.

 

  • 42 Harbour St, Mosman passed in and is now for sale for $1.595m. Here is the link:www.realestate.com.au

 

So which properties sold across Sydney this week and where did they sell?

Answer: UNITS

The big driver in the market continues to be units, with a 90% auction clearance rate for units on the lower North Shore and a 73% auction clearance rate for Eastern Suburbs units.

Surry Hills was the best performing market across Sydney with a 100% clearance rate for the eight properties up for auction – both houses and units.

 

  • 99 Commonwealth St, Surry Hills is a 4 bedroom terrace that sold for $1.25m. Here is the link:www.domain.com.au

 

And this two bedroom apartment in Surry Hills sold prior to auction.

 

  • 605/21 Brisbane St, Surry Hills is a two bedroom unit that sold prior to auction for $765,000. Here is the link: www.domain.com.au

 

Bondi had the most stock of any suburb in the East or the North and it performed very strongly with an overall 80% clearance rate. North Bondi houses bucked the negative housing trend and three of four houses sold at auction. The most expensive of these sold for $1.71m – see below.

 

  • 7 Midelton Ave, North Bondi is a 4 bedroom renovated home that sold for $1.71m. Here is the link:www.realestate.com.au

 

As was exhibited this week, it continues to be a good market for property buyers. Housing stock is fairly light in some areas, however in some instances houses are quietly on the market rather than going through the full auction process due to vendor concerns with the market.