15 Nov Sydney Property Results November 4th 2017
Sydney Real Estate Auction Results – November 4th, 2017
|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.