Despite the interest rate rises, the actual market activity appears to be flying under the radar. Clearance rates continue to hover around the solid 60% mark.
According to SQM Research data, asking house prices have remained relatively stable this week. Recently, CoreLogic released data for September showing that prices declined at a slower rate compared to August. there’s little comfort for aspiring first home buyers. The ability of this cohort to compete for available properties has been compromised by higher rates and for many, spiking rental costs.
Auction volumes bounced back last week after the week prior was impacted by the Grand Final and the long weekend. There’s little to suggest there’ll be any major shifts as we approach the end of another year.
Last week’s Sydney auction clearance rate was 64%, 7% higher than the week before. There were 631 properties scheduled for sale, 249 properties were sold, and 98 properties were withdrawn. Moreover, the total clearance rate for state of New South Wale last week was 52%.
According to Realestate.com.au, it was reported 1032 private sales in New South Wales over last week. 221 properties were sold at auction, while 176 were sold prior to auction.
Last Saturday Sydney Auction Top5 House
▼TOP 1. AUD$10,200,000
Address: 46 Gardyne St, Bronte NSW 2024
Land Size: 423 sqm
Internal area: 260 sqm
House | 4 Bed | 4 Bath | 2 Parking
▼TOP 2. AUD$7,700,000
Address: 65-69 Albert Rd, Strathfield NSW 2135
Land Size: 4202 sqm
House | 8 Bed | 5 Bath | 10 Parking
▼TOP 3. AUD$4,820,000
Address: 93 Charles St, Putney NSW 2112
Land Size: 674 sqm
Internal area: 317 sqm
House | 5 Bed | 3 Bath | 2 Parking
▼TOP 4. AUD$4,800,000
Address: 105 Kissing Point Rd, Turramurra NSW 2074
Land Size: 1347 sqm
Internal area: 394 sqm
House | 5 Bed | 4 Bath | 2 Parking
▼TOP 5. AUD$3,875,000
Address: 20 Russell St, Russell Lea NSW 2046
Land Size: 696 sqm
Internal area: 146 sqm
House | 3 Bed | 1 Bath | 2 Parking
Last Saturday Sydney Auction Top5 Unit
▼TOP 1. AUD$2,736,000
Address: 3/32 Carr St, Coogee NSW 2034
Unit | 3 Bed | 2 Bath | 1 Parking
▼TOP 2. AUD$2,450,000
Address: 27a Fremont Av, Ermington NSW 2115
Semi | 5 Bed | 4 Bath | 4 Parking
▼TOP 3. AUD$2,200,000
Address: 6/4 Reddall St, Manly NSW 2095
Unit | 2 Bed | 1 Bath | – Parking
▼TOP 4. AUD$2,120,000
Address: 33/1 Addison Rd, Manly NSW 2095
Unit | 3 Bed | 2 Bath | 1 Parking
▼TOP 5. AUD$1,925,000
Address: 6/35-51 Nicholson St, Wollstonecraft NSW 2065
Townhouse | 3 Bed | 2 Bath | 1 Parking
(以上数据均来源于domain.com.au realestate.com.au corelogic.com.au 及 realtisan.com.au)