Clearance Rates Hold Steady
Kanebridge News
Share Button

Clearance Rates Hold Steady

Despite a record number of December listings.

By Kanebridge News
Mon, Dec 6, 2021 9:10amGrey Clock 2 min

December has commenced with yet another wave of weekend auction listings, yet clearance rates — that have eased over recent weeks — remained steady with sellers maintaining the upper hand.

The national auction market reported a clearance rate of 76.8% — the same as the previous weekend and a three month low.

National auction numbers were marginally lower at the weekend, falling from the previous Saturday’s 3165 to a December record 3096 —ahead of the 1720 auctioned over the same weekend last year.

Auction numbers will drop as the year rounds out, but volumes are predicted to still hit near-record levels and will test buyer depth.

Clearance rates in Sydney were only slightly lower despite ta record December day for Auction listings.

The NSW capital recorded a clearance rate of 76.6% at the weekend — similar to the previous weekend’s 77.2% but again lower than the 82.5% recorded over the same weekend last year.

A December record 1189 homes were listed for auction on Saturday — below the previous weekend’s November record 1234, but well up on the 781 auctioned over the same weekend last year.

Sydney recorded a median price of $1,622,500 for houses sold at auction at the weekend which was lower to the $1,702,000 reported over the previous Saturday but 13.5% higher than the $1,430,000 recorded over the same weekend last year.

Melbourne’s weekend auction market hit a near-record number of listings for December with 1491 homes listed for auction at the weekend – similar to the 1518 reported over the previous weekend and more than double the 737 auctioned over the same weekend last year.

Despite the strong showing, a steady clearance rate of 68.5% on Saturday was similar to the previous weekend’s 69.8% but lower than the 72.8% recorded over the same weekend last year.

Melbourne recorded a median price of $1,126,000 for houses sold at auction at the weekend which was higher than the $1,119,000 recorded over the previous weekend and 14.7% higher than the $982,000 recorded over the same weekend last year.

Data powered by Dr Andrew Wilson; myhousingmarket.com

 



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.

Related Stories
Property
Hotel experience at home in Castle Hill
By KANEBRIDGE NEWS 22/05/2024
Property
Why living 80s style would mean we’d need 1.2 million fewer homes
By Bronwyn Allen 21/05/2024
Property
The Properties High Interest Rates Can’t Touch
By CAROL RYAN 20/05/2024
Hotel experience at home in Castle Hill

A new development in the Hills District sets a new standard in buyer expectations

By KANEBRIDGE NEWS
Wed, May 22, 2024 3 min

Castle Hill is set to be home to a new hotel-like development, with the announcement that the 94-apartment Astrid site is just weeks away from completion.

While the penthouse apartments across the two buildings have already been snapped up, there are still one, two and three-bedroom residences on offer. The development comes with a gold star iCIRT rating, guaranteeing it has met quality construction standards. The iCIRT rating system has been developed by Equifax in partnership with government, industry and market and rates projects from one to five stars following a rigorous and independent review process.

Steve Harb from developer CBD Core, said it’s the best indicator would-be buyers could have that their investment is safe.

“The iCIRT rating gives people the assurance that we’re trustworthy and have integrity as a developer,” he says. “Our service is complete from start to finish, from developer to builder. 

“As a buyer, you have one point of contact, there’s no shifting responsibility or passing the buck so if anyone has an issue, it can be sorted out as soon as possible.”

He said Astrid has proved popular with locals interested in upgrading without leaving the convenience and amenity of the Hills District. Surrounded by some of the best restaurants, clubs and recreational facilities in the area, it is also just six minutes’ walk to the new Metro station and a seven-minute drive to Castle Towers Shopping Centre. Schools and tertiary education options are also within an easy drive. In addition to some of the best parks and reserves in Sydney, it’s an attractive option for families on the move.

Mr Harb said the concept for the development, as with all his projects, was to create a hotel-like environment.

“I only do boutique projects and when I say ‘boutique’, I mean hotels without the concierge,” he says. “The quality and integrity is built into it.”

The infinity edge pool is surrounded by leafy gardens in a resort-style environment.

Leisure facilities include rooftop gardens and entertaining spaces as well as a fully equipped gym on the ground floor overlooking an infinity edge pool surrounded by lush landscaped gardens. Mr Harb says beautiful landscaping is a signature of all his developments.

“I have lived in the Hills District for more than 15 years and the reason I live here is because I love the leafy environment, the greenery,” he says. “I always like to emphasise that in my developments with strong landscaping.”

WORK FROM HOME HUB

Recognising the ongoing desire to adopt a hybrid working model, Astrid provides a dedicated on-site working environment suitable for exclusive use by residents needing focused work time, as well as those seeking professional meeting rooms to receive clients, with wifi enabled work desks, as well as more casual seating. 

Mr Harb said the pandemic taught him that, while working from home was convenient, having breakout spaces within a wider residential development was highly attractive.

“You’re not stuck looking at the same four walls,” he says. “The shared work space at Astrid has comfortable lounges, chairs, coffee tables and more than a dozen cubicles,” he says. “It’s more like going into a meeting room in a hotel.”

The apartments are characterised by light-filled interiors.

IN RESIDENCE

The apartments are light-filled living spaces with seamless access to balconies, through to integrated joinery secreting storage. Finishes have been chosen to last, from the Michael Angelo Quartz benchtop and Char Oak Polytec Ravine joinery in the kitchen to the stone splashback and custom-made joinery in the bathroom.

Access throughout the buildings is via a swipe card, providing a secure environment. 

For more information, see Astrid Castle Hill.

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.

Related Stories
Money
Boost for World Economy as U.S., Eurozone Accelerate in Tandem
By JOSHUA KIRBY 25/05/2024
Lifestyle
Anger Does a Lot More Damage to Your Body Than You Realise
By SUMATHI REDDY 24/05/2024
Money
The fast-approaching ‘silver tsunami’ set to hit the Australian economy
By Bronwyn Allen 23/05/2024
0
    Your Cart
    Your cart is emptyReturn to Shop