13 Newman St Newtown

Sydney Real Estate Results February 2nd, 2019

Sydney Property Market Auction Results – February 2nd, 2019

 

Property snapshot
Listed auctions: 110
Reported auctions: 64
Sold: 42
Withdrawn: 22
Cleared: 49%
Total sales: $28,572,500
Median: $855,000
Source: Australian Property Monitors

 

Happy February and welcome back to my weekly Sydney real estate auction report.

January was super quiet in the Sydney property market, so it is good to see the market gently waking from its summer slumber.

This week, there was very little real estate activity with only 110 properties listed for auction. Not all of the results were reported and the clearance rate was 49%. While this is low, it is also in keeping with the results at the end of 2018. Not surprisingly, higher priced family homes were not listed for auction this week. I’d anticipate that February 23rd will be the biggest auction day, year to date and will feature higher priced homes. Once we can look at more auction results we will get a better understanding of property buyers behaviour and their comfort or lack of it in the Sydney property market.

The highest priced sale this week was a $2.14m Balgowlah Heights home (see below).

Top 5 Sydney Auction Sales:

 

6 Willawa St, Balgowlah Heights

6 Willawa St, Balgowlah Heights

 

15 Pleasant Way Blakehurst

15 Pleasant Way Blakehurst

 

406 Bourke St, Surry Hills

406 Bourke St, Surry Hills

 

3 Duchess Ave, Rodd Point

3 Duchess Ave, Rodd Point

 

13 Newman St Newtown

13 Newman St Newtown

Until next week,

Bernadette

Bernadette Brennan is the Principal and founder of Premier Home Finders, a specialist real estate buyers agent located on Sydney's lower north shore.