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, 2022Grey 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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By Robyn Willis
Fri, Aug 5, 2022 2 min

When people talk about making a seachange, chances are this is the kind of property on the NSW South Coast that they have in mind.

Open for inspection for the first time this Saturday, 24 Point Street Bulli offers rare absolute beachfront, with never-to-be-built-out north facing views of the ocean. Located on the tip of Sandon Point, this two-storey property is a surfer’s dream with one of Australia’s most iconic surf breaks just beyond the back wall.

On the lower floor at street level, there are three bedrooms and two bathrooms, including a family bathroom and an ensuite in the master suite. A fourth bedroom is on the upper floor, along with the main living area, and is serviced by its own bathroom. 

While this would make a spectacular holiday home, it is well equipped for day-to-day living, with a spacious gourmet kitchen and butler’s pantry set into the articulated open plan living area on the first floor. A separate media room to the street side of the property on this level provides additional living space. 

Every aspect of this property has been considered to take in the light and views, with high ceilings internally and spacious, north facing decks on both levels to take in views of rolling waves. If the pull of the ocean is irresistible, it’s just a 100m walk to feel the sand between your toes.

The house is complemented by a Mediterranean, coastal-style garden, while the garage has room for a workshop and two car spaces.

An easy walk to Bulli village, the property is a 20 minute drive from the major hub of Wollongong and just over an hour to Sydney.

 

Open: Saturday August 6 2pm-3pm Auction: Saturday September 3 Price guide: N/A but expected to exceed $5.3m paid in March for 1 Alroy Street 

Contact: McGrath Thirroul – Vanessa Denison-Pender, 0488 443 174