This Saturday’s Australian property auction figures were released, with Sydney’s auction clearance rate at 54 per cent and Melbourne’s at 55 per cent last week.
Last weekend’s auction clearance rates were about the same as last week’s, but there were significantly fewer properties sold through auctions than usual due to school holidays in Australia
Currently, we’re finding more homes are being sold before auction as sellers rush to make a deal rather than risk not getting a sale as vendors are becoming less willing to test the marketplace under true auction conditions.
This Saturday, Sydney recorded a 54% clearance rate, 577 properties were listed for auction.
127 properties were withdrawn from sale – a sign of the challenges the Sydney market is experiencing. The current Sydney market remains stable despite a sharp drop in listings due to the school holiday and significant weather on Saturday.
Realestate.com.au reported that there were 1,399 private sales in New South Wales over the last week and more than the 1,228 sales last week. But, of course, many off-market Sydney property sales would not have been reported.
The clearance rate for houses was 66.1%, with units higher this weekend at 57.5%.
Last Saturday Sydney Auction Top5 House
▼TOP 1. AUD$4,605,000
Address: 3 Hezlet St, Chiswick NSW 2046
Land Size: 505.9 sqm
Internal Area: 123 sqm
House | 4 Bedrooms | 3 Bathrooms | 2 Parking
▼TOP 2. AUD$4,000,000
Address: 122 Bannockburn Rd, Turramurra NSW 2074
Land Size: 1,524 sqm
Internal Area: 207 sqm
House | 4 Bedrooms | 2 Bathrooms | 2 Parking
▼TOP 3. AUD$3,790,000
Address: 8 Tremere St, Concord NSW 2137
Land Size: 650.3 sqm
House | 4 Bedrooms | 3 Bathrooms | 3 Parking
▼TOP 4. AUD$3,650,000
Address: 52A Collins Rd, St Ives NSW 2075
Land Size: 775 sqm
Internal Area: 362 sqm
House | 5 Bedrooms | 3 Bathrooms | 2 Parking
▼TOP 5. AUD$3,650,000
Address: 32 Grayling Rd, West Pymble NSW 2073
Land Size: 732 sqm
House | 4 Bedrooms | 3 Bathrooms | 2 Parking
Last Saturday Sydney Auction Top5 Unit
▼TOP 1. AUD$3,750,000
Address: 411/357 Glenmore Rd, Paddington NSW 2021
Unit | 3 Bedrooms | 2 Bathrooms | 2 Parking
▼TOP 2. AUD$3,415,000
Address: 2.04/20 Premier St, Neutral Bay NSW 2089
Unit | 3 Bedrooms | 2 Bathrooms | 2 Parking
▼TOP 3. AUD$1,870,000
Address: 4/64 Palmer St, Cammeray NSW 2062
Townhouse | 3 Bedrooms | 2 Bathrooms | 1 Parking
▼TOP 4. AUD$1,760,000
Address: 1/27 The Esplanade, Mosman NSW 2088
Unit | 1 Bedrooms | 1 Bathrooms | 1 Parking
▼TOP 5. AUD$1,720,000
Address: 502/12 Glen St, Milsons Point NSW 2061
Unit | 2 Bedrooms | 2 Bathrooms | 1 Parking
(Data from domain.com.au realestate.com.au corelogic.com.au & realtisan.com.au)