Auction Market Ends March On A High
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Auction Market Ends March On A High

Sydney’s market bounced back at the end of the month.

By Terry Christodoulou
Mon, Mar 28, 2022 9:17amGrey Clock 2 min

While the month of March has seen the auction markets, especially on the east coast, disturbed with holiday distractions and extreme weather events, the final weekend of the month saw solid results for most sellers generally.

The national auction market reported a clearance rate of 74.0% at the weekend  —similar to the previous weekend’s 75.1% but lower than the 85.2% recorded over the same weekend last year.

National auction numbers were higher again at the weekend with a year-to-date high of 2686 reported listed comparted to the previous weekend’s 2475. This is well below the 3118 reported over the same Saturday last year.

The Sydney market bounced back to end the month higher, posting a clearance rate of 72.7% at the weekend – higher than the 69.6% reported over the previous weekend but lower than the remarkably high 90.4% result reported over the same weekend last year.

Sydney’s higher clearance rate was reported despite a surge in listings with 950 auctions reported compared to the previous weekend’s 866. Both figures sit below the 1227 auction over the same weekend last year.

Sydney recorded a median price of $1,613,000 for houses sold at auction at the weekend which was lower than the $1,757,000 reported over the previous weekend but 2.5% higher than the $1,573,000 recorded over the same weekend last year.

Melbourne reported a year-to-date high of 1353 homes listed for auction at the weekend – higher than the previous weekend’s 1290 but lower than the 1593 auctioned over the same weekend last year.

The Victorian capital recorded a clearance rate of 73.4% this weekend, up on the previous weekend’s 69.9% but well below the 83.7% recorded over the same weekend last year.

Melbourne recorded a median price of $1,100,000 for houses sold at auction at the weekend which was similar to last weekend’s $1,115,000 but 8.4% higher than the $1,015,000 recorded over the same weekend last year.

Data powered by Dr Andrew Wilson, My Housing Market.



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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.

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It’s a slam dunk as a covetable $2m KDR site complete with basketball court hits the market in the Hills District

The ball is in the buyer’s court with this knockdown/rebuild opportunity

By KANEBRIDGE NEWS
Tue, Apr 18, 2023 2 min

Glenhaven in Sydney’s Hills District is one of those areas that locals tend to keep to themselves. Leafy with large blocks on offer, the suburb takes its name from its valley location, with the northern end originally known as the Glen and the southern end called the Haven. 

En route from Parramatta to the Hunter, Glenhaven has become an ideal place for growing families in search of a little more space, or even room to house several generations under one roof.

The challenge is finding properties that tick all the right boxes.

As demand for trades and supply chain issues continue to ease, now could be the right time for a knockdown/rebuild project for would-be buyers looking to create their dream home.

Fairmont Homes specialises in knockdown/rebuild projects in Sydney. General manager at Fairmont Homes, Daniel Logue, said there are key features to look for when choosing a knockdown/rebuild site.

“The key items we look for are the site falling to the street, not to the rear, to help with stormwater drainage as well as access to the site,” he said. “Neighbouring property front setbacks are also important. In some older areas, the older houses are set closer to the street, meaning your new home will have to be set to suit.

“Value for money and the return on the end sale price of the home is another issue.”

If possible, he said designing a home that meets the criteria of the Complying Development legislation will speed up approvals considerably.

While suitable knockdown/rebuild sites can be hard to find in Glenhaven, there are still hidden opportunities if you know where to look.

One block at 158 Gilbert Road, Glenhaven is ideally suited for rejuvenation. With almost 850sqm to play with, it slopes down to the street and sits between neighbouring properties that have already been stylishly updated.

 

 

An existing basketball court at the rear could provide the perfect teen backdrop to a family home, or it could make way for a larger house with landscaped gardens and pool. Alternatively, it could be the perfect position for a cabana or granny flat to serve as in-law accommodation or a source of secondary income.

With recent sales of completed homes in nearby streets reaching well above $5 million, it’s a great opportunity to make a slam dunk of a buy into one of Sydney’s best kept secrets.

Address: 158 Gilbert Road, Glenhaven
Price guide: $1.8 million
Inspection: By appointment only

 

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.

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