15 Nov Sydney Property Results November 4th 2017
Sydney Real Estate Auction Results – November 4th, 2017
| Property snapshot | |
| Listed auctions: | 952 |
| Reported auctions: | 537 |
| Sold: | 417 |
| Withdrawn: | 94 |
| Cleared: | 66% |
| Total sales: | $414,318,300 |
| Median: | $1,280,000 |
| Source: | Australian Property Monitors |
Sydney property had a mixed weekend at auction, with a 66% auction clearance rate, slightly above the year’s lowest clearance rate of 65%. There were some big sales, such as the unrenovated Federation home at 44-46 Wentworth St, Randwick, which sold prior to auction for $6.205m. Woolloomooloo secured the 2nd highest priced sale with a 3 bedroom unit (pictured above) at 29/10 Lincoln Crescent selling for $5.55m. The Eastern suburbs also secured the third highest recorded sale of the week with 2 Beaumont St, Rose Bay, a 4 bedroom house, selling for $4.61m.
More broadly, Randwick was the standard performing suburb of the week with 7 of 7 properties selling. In addition to recording the week’s highest sale price, Randwick also offered value with 2 x 2 bedroom apartments that sold for $925k and $975k respectively. The northern beaches, including Queenscliff, Manly, Freshwater, Bilgola, Collaroy and North Narrabeen is also performing well. For property investors, there are a number of apartments for sale in the Freshwater, Queenscliff area and rentals are tight leading into summer making it a good time to enter the market and secure a tenant at a good rent.
Until next week.
Bernadette
4, 18 Dalley St Queenscliff, a 2 bed unit sold for $840k.
5, 13 Frazer St Collaroy, a 2 bed unit sold for $770k.