More properties for auction and higher clearance rates as confidence returns to the Australian market
While some markets are showing signs of recovery, others continue to languish
< 1 min
Australian auction rates have picked up the pace as summer winds down, with homes scheduled to go under the hammer above 2,000 for the first time this year, CoreLogic reports.
A total of 2,459 homes in the country’s capital cities are listed for auction this week, up 33.2 percent on the previous week. While it’s a substantial rise in one week, numbers are still -27.4 percent down on this time last year.
Melbourne has the most homes set to go under the hammer, with 1,142 homes scheduled, representing a 40.3 percent increase on last week. This is followed by Sydney, with 907 homes. It’s a quieter week in the smaller capitals, with 144 homes scheduled for Brisbane, followed by Canberra with 136 and Adelaide with 121. In Perth, six homes are scheduled for auction, while there are just three homes going to market across Tasmania.
In further signs that confidence is returning to the market, CoreLogic data reveals clearance rates are also on the rise. In Sydney, the clearance rate for the last week of February now stands at 71.9 percent, with the inner west the strongest performer at 85.7 percent.
In Melbourne, where last week’s clearance rate was 65.6 percent, the outer east recorded the highest clearance rate of 83.3 percent, according to CoreLogic.
Adelaide had the highest clearance rate of the capitals however, with 72.6 percent, while Perth’s clearance rate was just 28.6 percent.
From bushland greens to valley reds, the country’s most awarded designers are proving that the best colour palette was never on a swatch card; it was outside the window all along.
The Australian leather house has opened an immersive four-day pop-up in Manhattan, unveiling its Bloom Collection and redefining what a product launch can look like.
2 min
Held by the same family for 26 years, this Harbour Bridge-facing residence at Longueville is the type of property that rarely comes to market. Set on more than 1,100 sqm on one of Sydney’s most tightly held peninsulas, it combines complete privacy with uninterrupted views across the harbour to the city skyline.
It’s the sort of offering where the land is just as important as the home. Positioned directly opposite Aquatic Park with a prized northeast aspect, the residence captures sweeping harbour views from almost every main living space while remaining remarkably secluded from neighbouring properties.
Large picture windows frame the outlook throughout the home, flooding the interiors with natural light and making the harbour the centrepiece of everyday living.
Designed for family living
The home offers multiple living zones, including a formal lounge and dining rooms, a separate family room and an open-plan living and meals area. Blackbutt timber parquetry flooring, high ceilings and ducted reverse-cycle air conditioning feature throughout.
The kitchen sits at the heart of the home, with induction cooking, a generous island bench, and a walk-in pantry, connecting both the formal entertaining areas and the more casual family spaces.
A ground-floor master suite includes a walk-in robe, dressing area and ensuite, while upstairs are three additional bedrooms with built-in robes, together with a spacious home office or study.
The lower ground level adds another layer, with a temperature-controlled cellar and tasting room, plus a flexible gym, wellness or recreation space.
Resort-style setting overlooking Sydney Harbour
Outside, landscaped gardens wrap around a heated swimming pool, an expansive entertaining terrace, and a level lawn, creating a private resort-style setting against the backdrop of Sydney Harbour.
Additional features include a solar system with battery storage, remote lock-up garaging for three vehicles and generous storage throughout.
Beyond the home itself, the location remains one of Longueville’s biggest drawcards. Longueville Ferry Wharf sits around 150 metres away, providing direct access to the CBD while preserving the quiet character of one of Sydney’s most tightly held waterfront suburbs. The property is also within the catchments of Lane Cove Public School and Hunters Hill High School.
Simon Harrison and Kim Walters of Belle Property Lane Cove are marketing the property on a Contact Agent basis.
At a glance
Address: 3 Mary Street, Longueville NSW 2066
Configuration: 4 bedrooms | 3 bathrooms | 3-car garage
Land: Approximately 1,100 sqm
Highlights: Harbour Bridge and city skyline views, northeast aspect, heated pool, cellar, solar with battery storage
Held: First time offered in 26 years
Price: Contact Agent
Agents: Simon Harrison and Kim Walters, Belle Property Lane Cove
This article is produced by the Kanebridge Media editorial team. Property information has been supplied by the listing agent. Buyers should conduct their own due diligence before relying on any information contained in this article. Enquiries: propertyconcierge@kanebridge.com.au.
With two waterfronts, bushland surrounds and a $35 million price tag, this Belongil Beach retreat could become Byron’s most expensive home ever.
Rugged coastal drives and fireside drams define a slow, indulgent journey through Scotland’s far north.
