August Auctions Start Strong
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August Auctions Start Strong

However, there are signs of the market easing.

By Kanebridge News
Mon, Aug 9, 2021 11:07amGrey Clock < 1 min

The August period commenced with strong results for sellers despite some signs of COVID-related easing. 

A total of 2100 auctions were reported nationally – a record for an August Saturday if down on the previous weekend’s (July) 2203.

The national clearance rate fell at the weekend, down to 81.5%, the figure remains robust and representative of ascendent markets.

Of the capitals, Sydney’s clearance rate climbed to its highest level since June (83.0%) against drops in Melbourne (71.7%), Brisbane (77.4%) and Adelaide (84.8%), with Canberra steady reporting the top result of 90.8%.

The Sydney rate reflected limited stock levels with 532 homes auctioned on Saturday – down from the 623 listed the previous weekend and lower than the 577 offered on the same weekend last year.

Sydney recorded a median price of $1,695,000 for houses sold at auction at the weekend — lower than the $1,700,661 reported over the previous Saturday but 27.7% higher than the $1,327,500 recorded over the same weekend last year.

Melbourne’s auction market trended down despite a surge of listings – 1301 homes reported at the weekend, an unprecedented amount for a Saturday in August. 

The lower clearance rate was also impacted by an increase in shutdown-related withdrawals – up 29.5% from the previous weekend’s 15.1%.

Melbourne recorded a median price of $960,000 for houses sold at auction at the weekend –  similar to the $967,000 recorded the previous weekend and 12.8% higher than the $851,000 recorded on the same weekend last year.

Powered by Dr Andrew Wilson, My Housing Market.



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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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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