Auction Markets Steady As Listings Surge
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Auction Markets Steady As Listings Surge

Gloomy house value forecasts and a flood of stock can’t dampen the market.

By Terry Christodoulou
Mon, Feb 21, 2022Grey Clock 2 min

National auction markets have continued to produce healthy results despite a record number of listings for this time of the year.

The national auction market posted a clearance rate of 81.5% at the weekend — similar to the 81.6% reported over the previous weekend but lower than the 84.5% recorded over the same weekend last year.

National auction numbers were again significantly higher at the weekend with 2341 reported listed compared to the previous weekend’s 1977, and well above the 1787 reported over the same weekend last year.

In Sydney, the market recorded more strong results despite record-level listings for February with the NSW capital recording 878 homes listed for auction — up on the previous weekend’s 784 and higher than the 624 auctioned over the same weekend of 2021.

Sydney recorded a clearance rate of 78.1% at the weekend – lower than the 79.5% over the previous weekend and well below the 87.3% recorded over the same weekend last year.

The median price for a house sold at auction at the weekend in Sydney was $1,750,000 — lower than the $1,835,000 reported over the previous weekend but 3.4% higher than this weekend last year.

Like its northern counterpart, Melbourne produced strong results despite another surge in listings.

The Victorian capital reported a clearance rate of 75.5% on Saturday — higher than last weekend’s 72.3% but below the 79.6% recorded over the same weekend last year.

A total of 1129 homes were reported listed for auction at the weekend — higher than last weekend’s 888 and the 1004 recorded over the same weekend last year.

Melbourne recorded a median price of $1,165,000 for houses sold at auction at the weekend which was higher than last weekend’s $1,090,000 and 15.9% higher than the $1,005,000 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