Clearance Rates Hit New Highs In Sydney

Covering off the last weekend of summer, clearance rates from around the country’s top markets were high this weekend, as Sydney reported a record weekend clearance rate of 90.0% – higher than the previous weekend’s 87.3% and the 85.8% reported for the same weekend last year.

Sydney recorded a median price for houses sold at auction on the weekend of $1,645,000, lower than last weekend’s $1,692,500 but 14.2% higher than the $1,440,000 recorded over the same weekend last year.

Sydney’s Central Coast, North West, Northern Beaches and Upper North Shore fared best, with the city’s West performing weakest with an albeit solid 82.1%. Units cleared slightly below that of houses at 88.9%.

Melbourne also continued to recover from its recent lockdown reporting its highest clearance rate for three weeks of 82.0%, higher than the previous weekend’s figure of 79.6% and the 80.4% reported over the same weekend last year with a median price of $1,002,500.

Encouragingly for Melbourne, auction numbers again increased sharply to 1211 compared to the previous weekend’s 1004. However, listing numbers have still fallen from last year’s figures of 1384 for the same weekend last year.

Sydney featured 734 auctions this weekend compared to last year’s 911.

Around the country, Brisbane saw a clearance rate of 73.4%, down from last week’s 83.0% but up on last year’s 65.8%. Adelaide was reasonably steady at 85% from last week’s 87.5% and up on last year’s 71.1% while Canberra was also consistent performing at 85.9% from last week’s 85.2% and up from 70.3.%

Data powered by Dr Andrew Wilson of MyHousingMarket.com.au

Former Aussie Rules player Jeff Chapman’s dream beach house, which has had its praises sung by The Independent in the UK, is back on the market with a revised – and more competitive – price guide.

The contemporary pavilion-style residence Alinghi, created by celebrated architect James Grose, was voted one of the top five beach houses in the world by the British newspaper and has been operating as a luxury holiday rental earning up to $7000 a week.

The one-time Melbourne forward and founder of Bennelong Funds Management, and his wife Carena Shankar, listed the five-bedroom getaway back in mid 2024 with hopes of about $8 million. The prestige property is now back with new agent Pauline Karatau of Ray White New Farm and the amended guide now sits at $6.5 million.

As part of the private 5ha Rocky Point estate, at the southern end of the Great Barrier Reef overlooking Honeymoon Bay, the glamorous holiday home shares not only a private beach with just four other neighbours, but also a 30m saltwater pool, a full-size tennis court, a beach cabana with barbecue facilities and a full-time live-in caretaker on site.

Alinghi seemingly floats against the cliffs of North Queensland’s Capricorn Coast consisting of two pavilions and shallow reflections pools for ultimate serenity. Residence number 5 is home to a two-storey main pavilion with large living spaces spilling onto semi-enclosed areas framing enviable ocean views. Upstairs there are four bedrooms, including two with ensuites. The second pavilion is a private retreat housing the main bedroom suite with an additional study or wellness space.

Crafted by Grose to leave minimal impact on its natural environment, the house features external materials sourced locally including rich cedar, plus glass and Travertine stone specifically chosen to blend and weather with the landscape over time.

The low maintenance property is also relatively self sufficient thanks to water tanks collecting the region’s abundant rainfall. Despite it’s northern Queensland address air-conditioning is an after-thought due to the clever cross-ventilation design principles and deliberate orientation capturing ocean breezes that flow through the large footprint.

Alinghi’s external lightning has also been carefully designed to be low voltage with minimum impact upon the local wildlife including wallabies, echidnas, goannas, turtles and even a diverse range of native birds. From the private terraces throughout winter, homeowners can also track the migratory whales.

Alinghi is a 90-minute drive away from Agnes Waters and its sister town of 1770 (also known as Seventeen Seventy). It is approximately 120kms from Bundaberg, which is home to a well-serviced domestic airport.

Alinghi is listed for sale with a price guide of $6.5 million via Ray White New Farm agent Pauline Karatau on 0418 733 773.

Clearance Rates Hit New Highs In Sydney

With the median house price sold in the Harbour City tipping $1.6 million.