It’s Christmas in July as auctions heat up around the capitals
Cashed up buyers will have more property options to choose from this weekend
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Winter is the new spring in Australian property circles, with scheduled auctions once again increasing this weekend, CoreLogic data shows.
Auctions across combined capital cities are up 16.7 percent week on week at a time of year when the market traditionally slows down.
Sydney leads the numbers race, with 736 properties to be put to market this weekend, representing an impressive 21.5 percent increase. The figures also represent a 9.2 percent increase on the number of homes sent to market this time last year.
Brisbane has contributed significantly to the winter listing trend, with 172 homes ready for market this weekend, a 67 percent increase on the previous week. CoreLogic data notes that this has been heavily influenced by 29 properties set to be auctioned at an in-room event on Saturday. Adelaide buyers will also have more to choose from, with 115 properties listed for this weekend, a 12.7 percent rise on the previous week’s numbers.
It’s a less dramatic upswing in Melbourne, with 689 properties set to be auctioned, up 6 percent from the previous week when 650 homes were listed. However, Melbourne recorded the highest clearance rate of all the capitals last weekend at 68.8 percent. Adelaide was not far behind at 68.6 percent, followed by Sydney on 67.5 percent. Perth had the lowest clearance rate at 40 percent.
The increasing number of properties entering the market come on the back of concerns about rising levels of mortgage stress among borrowers. However, data indicates that levels of mortgage arrears are still relatively low buoyed by historically high levels of employment.
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
A Sydney site with a questionable past is reborn as a luxe residential environment ideal for indulging in dining out
2 min
Long-term Sydney residents always had handful of not-so-glamourous nicknames for the building on the corner of Cleveland and Baptist Streets straddling Redfern and Surry Hills, but after a modern rebirth that’s all changed.
Once known as “Murder Mall” or “Methadone Mall”, the 1960s-built Surry Hills Shopping Centre was a magnet for colourful characters and questionable behaviour. Today, however, a $500 million facelift of the site — alongside a slow and steady gentrification of the two neighbouring suburbs — the prime corner property has been transformed into a luxury apartment complex Surry Hills Village by developer Toga Group.
The crowning feature of the 122-apartment project is the three-bedroom penthouse, fully completed and just released to market with a $7.5 million price guide.
Measuring 211sqm of internal space, with a 136sqm terrace complete with landscaping, the penthouse is the brand new brainchild of Surry Hills local Adam Haddow, director of architecture at award-winning firm SJB.
Victoria Judge, senior associate and co-interior design lead at SJB says Surry Hills Village sets a new residential benchmark for the southern end of Surry Hills.
“The residential offering is well-appointed, confident, luxe and bohemian. Smart enough to know what makes good living, and cool enough to hold its own amongst design-centric Surry Hills.”
Allan Vidor, managing director of Toga Group, adds that the penthouse is the quintessential jewel in the crown of Surry Hills Village.
“Bringing together a distinct design that draws on the beauty and vibrancy of Sydney; grand spaces and the finest finishes across a significant footprint, located only a stone’s throw away from the exciting cultural hub of Crown St and Surry Hills.”
Created to maximise views of the city skyline and parkland, the top floor apartment has a practical layout including a wide private lobby leading to the main living room, a sleek kitchen featuring Pietra Verde marble and a concealed butler’s pantry Sub-Zero Wolf appliances, full-height Aspen elm joinery panels hiding storage throughout, flamed Saville stone flooring, a powder room, and two car spaces with a personal EV.
All three bedrooms have large wardrobes and ensuites with bathrooms fittings such as freestanding baths, artisan penny tiles, emerald marble surfaces and brushed-nickel accents.
Additional features of the entertainer’s home include leather-bound joinery doors opening to a full wet bar with Sub-Zero wine fridge and Sub-Zero Wolf barbecue.
The Surry Hills Village precinct will open in stages until autumn next year and once complete, Wunderlich Lane will be home to a collection of 25 restaurants and bars plus wellness and boutique retail. The EVE Hotel Sydney will open later in 2024, offering guests an immersive experience in the precinct’s art, culture, and culinary offerings.
The Surry Hills Village penthouse on Baptist is now finished and ready to move into with marketing through Toga Group and inquiries to 1800 554 556.
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
