Flood Of Listings Hits The Auction Market
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Flood Of Listings Hits The Auction Market

Clearance rates hold firm despite the deluge.

By Kanebridge News
Mon, Nov 1, 2021Grey Clock 2 min

Auction markets across the country surged this weekend with buyers and sellers enjoying the restriction-free access to housing markets following the easing of covid lockdowns.

The surge in listings had little effect on buyer activity with formidable results continuing in all capitals.

The national weekend clearance rate sat at above 80% for the eighth consecutive weekend and although lower than the previous weekend’s 84.7% is still well above the 73.9% reported over the same weekend last year.

National auction numbers were higher at the weekend – up from the previous Saturday’s 2048 to 2424 – and well ahead of the 1261 auctioned over the same weekend last year.

The Sydney market is back above 80% — bouncing back from the previous weekend’s 77.0% and also above the 79.1% for the same weekend last year.

The results comes despite a lift in auction numbers with 887 homes listed for auction – up on the previous weekend’s 721 and well above the 768 auctioned over the same weekend last year.

Auction numbers were the highest since the lockdown impacted market in early July.

Sydney recorded a median price of $1,900,000 for houses sold at auction at the weekend which was well above the $1,685,000 reported over the previous Saturday and 25.8% higher than the $1,510,000 recorded over the same weekend last year.

Melbourne continued its strong run out of lockdown with a clearance rate of 80.5% over the weekend – similar to the previous weekend’s 80.4% and higher than the 78.0% recorded over the same weekend last year.

A total of 1193 homes were listed for auction at the weekend — higher than the 994 reported over the previous weekend and well above the 395 auctioned over the same weekend last year.

Melbourne recorded a median price of $1,145,000 for houses sold at auction at the weekend which was higher than the $1,048,000 recorded over the previous weekend and 27.4% higher than the $898,500 recorded over the same weekend last year.

Auction markets continue to report strong results for most sellers despite a wave of new listings reflecting the recent end of lockdowns. Buyer depth however will be tested over coming weekends as the end of year rush-to-market by sellers continues.

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