Auction clearance rates up as the available housing stock falters
There are signs that the appetite for property is growing
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Auction clearance rates are up but the number of properties being put to market across Australia declined over the weekend, the latest data shows.
CoreLogic reports that of the 1,285 results recorded so far, 73.8 percent of properties were successfully sold nationally, the eighth week in a row clearance rates have been higher than 70 percent. It’s a dramatic improvement on this time last year when CoreLogic data shows the clearance rate was at 56.8 percent.
Preliminary clearance rates were particularly buoyant in Sydney (78.7 percent), while successful Melbourne auctions just breached the 70 percent point at 70.1 percent, its lowest preliminary result in 11 weeks.
Adelaide once again proved its market resilience, recording the highest preliminary auction clearance rate of 79.7 percent. Of the smaller capitals, Brisbane has seen the lowest preliminary clearance rate at 67.5 percent.
But while clearance rates continue to steadily climb, it’s a slightly different story with the numbers of properties being put to market. Melbourne saw a -15.5 percent fall in the properties set to go under the hammer last weekend, from 864 the previous week to 730. It was less dramatic in Sydney, with the number of homes available falling from 764 the week before to 763 over the weekend. It was a similar story in the smaller capitals, with only Canberra bucking the trend, offering 78 for auction, up by 26 from the previous week.
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Held by the same family for 26 years, this Harbour Bridge-facing residence at Longueville is the type of property that rarely comes to market. Set on more than 1,100 sqm on one of Sydney’s most tightly held peninsulas, it combines complete privacy with uninterrupted views across the harbour to the city skyline.
It’s the sort of offering where the land is just as important as the home. Positioned directly opposite Aquatic Park with a prized northeast aspect, the residence captures sweeping harbour views from almost every main living space while remaining remarkably secluded from neighbouring properties.
Large picture windows frame the outlook throughout the home, flooding the interiors with natural light and making the harbour the centrepiece of everyday living.
Designed for family living
The home offers multiple living zones, including a formal lounge and dining rooms, a separate family room and an open-plan living and meals area. Blackbutt timber parquetry flooring, high ceilings and ducted reverse-cycle air conditioning feature throughout.
The kitchen sits at the heart of the home, with induction cooking, a generous island bench, and a walk-in pantry, connecting both the formal entertaining areas and the more casual family spaces.
A ground-floor master suite includes a walk-in robe, dressing area and ensuite, while upstairs are three additional bedrooms with built-in robes, together with a spacious home office or study.
The lower ground level adds another layer, with a temperature-controlled cellar and tasting room, plus a flexible gym, wellness or recreation space.
Resort-style setting overlooking Sydney Harbour
Outside, landscaped gardens wrap around a heated swimming pool, an expansive entertaining terrace, and a level lawn, creating a private resort-style setting against the backdrop of Sydney Harbour.
Additional features include a solar system with battery storage, remote lock-up garaging for three vehicles and generous storage throughout.
Beyond the home itself, the location remains one of Longueville’s biggest drawcards. Longueville Ferry Wharf sits around 150 metres away, providing direct access to the CBD while preserving the quiet character of one of Sydney’s most tightly held waterfront suburbs. The property is also within the catchments of Lane Cove Public School and Hunters Hill High School.
Simon Harrison and Kim Walters of Belle Property Lane Cove are marketing the property on a Contact Agent basis.
At a glance
Address: 3 Mary Street, Longueville NSW 2066
Configuration: 4 bedrooms | 3 bathrooms | 3-car garage
Land: Approximately 1,100 sqm
Highlights: Harbour Bridge and city skyline views, northeast aspect, heated pool, cellar, solar with battery storage
Held: First time offered in 26 years
Price: Contact Agent
Agents: Simon Harrison and Kim Walters, Belle Property Lane Cove
This article is produced by the Kanebridge Media editorial team. Property information has been supplied by the listing agent. Buyers should conduct their own due diligence before relying on any information contained in this article. Enquiries: propertyconcierge@kanebridge.com.au.
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