Big weekend as property auction numbers surge
Kanebridge News
Share Button

Big weekend as property auction numbers surge

Homes scheduled for auction across Australian capitals rise but buyer confidence lags

By KANEBRIDGE NEWS
Thu, Sep 21, 2023 2:00pmGrey Clock < 1 min

The residential real estate market experienced the busiest week of the year to date over the weekend as listings across the capitals surged, CoreLogic data shows.

The number of auctions listed last weekend were up 17.8 percent on last weekend, with 2,725 homes ready to go under the hammer. It’s more than double the number of properties listed this time last year when a number of events, including the passing of Queen Elizabeth II and the AFL Grand Final impacted listings.

Sydney lead the number of properties set to go to market, with 1,094 homes scheduled for auction, a 18 percent increase on last week. Melbourne followed close behind, with 1,083 properties listed. While figures in other capitals such as Brisbane (238 homes) and Adelaide (182) were more modest, they also represented the greatest auction activity in those cities this year.

In signs buyer confidence is delicately balanced, the clearance rate dipped slightly last weekend, down 1.4 percent to 64.4 percent, the lowest combined capital clearance rate since Easter.



MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

Related Stories
Property
Property of the week: Penthouse, 601/12 Baptist St, Redfern
By KIRSTEN CRAZE 18/10/2024
Property
The luxury property market embracing a surprising new approach to building the dream home
By KIRSTEN CRAZE 16/10/2024
Property
Location, Location, Golf Simulator. A Developer Cracks the Office Market Code.
By PETER GRANT 16/10/2024
Property of the week: Penthouse, 601/12 Baptist St, Redfern

A Sydney site with a questionable past is reborn as a luxe residential environment ideal for indulging in dining out

By KIRSTEN CRAZE
Fri, Oct 18, 2024 2 min

Long-term Sydney residents always had handful of not-so-glamourous nicknames for the building on the corner of Cleveland and Baptist Streets straddling Redfern and Surry Hills, but after a modern rebirth that’s all changed.

Once known as “Murder Mall” or “Methadone Mall”, the 1960s-built Surry Hills Shopping Centre was a magnet for colourful characters and questionable behaviour. Today, however, a $500 million facelift of the site — alongside a slow and steady gentrification of the two neighbouring suburbs — the prime corner property has been transformed into a luxury apartment complex Surry Hills Village by developer Toga Group.

The crowning feature of the 122-apartment project is the three-bedroom penthouse, fully completed and just released to market with a $7.5 million price guide.

Measuring 211sqm of internal space, with a 136sqm terrace complete with landscaping, the penthouse is the brand new brainchild of Surry Hills local Adam Haddow, director of architecture at award-winning firm SJB.

Victoria Judge, senior associate and co-interior design lead at SJB says Surry Hills Village sets a new residential benchmark for the southern end of Surry Hills.

“The residential offering is well-appointed, confident, luxe and bohemian. Smart enough to know what makes good living, and cool enough to hold its own amongst design-centric Surry Hills.”

Allan Vidor, managing director of Toga Group, adds that the penthouse is the quintessential jewel in the crown of Surry Hills Village.

“Bringing together a distinct design that draws on the beauty and vibrancy of Sydney; grand spaces and the finest finishes across a significant footprint, located only a stone’s throw away from the exciting cultural hub of Crown St and Surry Hills.”

Created to maximise views of the city skyline and parkland, the top floor apartment has a practical layout including a wide private lobby leading to the main living room, a sleek kitchen featuring Pietra Verde marble and a concealed butler’s pantry Sub-Zero Wolf appliances, full-height Aspen elm joinery panels hiding storage throughout, flamed Saville stone flooring, a powder room, and two car spaces with a personal EV.

All three bedrooms have large wardrobes and ensuites with bathrooms fittings such as freestanding baths, artisan penny tiles, emerald marble surfaces and brushed-nickel accents.

Additional features of the entertainer’s home include leather-bound joinery doors opening to a full wet bar with Sub-Zero wine fridge and Sub-Zero Wolf barbecue.

The Surry Hills Village precinct will open in stages until autumn next year and once complete, Wunderlich Lane will be home to a collection of 25 restaurants and bars plus wellness and boutique retail. The EVE Hotel Sydney will open later in 2024, offering guests an immersive experience in the precinct’s art, culture, and culinary offerings.

 

The Surry Hills Village penthouse on Baptist is now finished and ready to move into with marketing through Toga Group and inquiries to 1800 554 556.

MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

Related Stories
Money
Burberry Stock Sinks. Is the Problem Its CEO or the Luxury Consumer?
By GEORGE GLOVER 16/07/2024
Money
A Godfather of AI Just Won a Nobel. He Has Been Warning the Machines Could Take Over the World.
By MILES KRUPPA 10/10/2024
Lifestyle
Beefy, Austrian-Made Camper Van Aims to Drive America’s Glampers off the Beaten Path
By JIM MOTAVALLI 18/10/2024
0
    Your Cart
    Your cart is emptyReturn to Shop