National Auction Market Officially Kicks Off
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National Auction Market Officially Kicks Off

Major capitals slow off the mark in two-speed market.

By Terry Christodoulou
Mon, Jan 31, 2022 9:55amGrey Clock 2 min

The 2022 home auction year has officially commenced.

While the weekend saw mostly positive results for early-season sellers the two-speed national market is intensifying.

Adelaide, Canberra and Brisbane’s markets have carried its momentum from the latter stages of 2021 into the new year with strong clearance rates this weekend reporting 88.4%, 74.0% and 86.1% respectively.

Elsewhere, the major markets of Sydney and Melbourne are stuttering, reporting lower clearance rates when compared to the same weekend last year at 65.8% and 68.5% respectively.

The national auction market reported a clearance rate of 76.6% at the weekend which was similar to the 76.0% reported over the final auction weekend of 2021 but lower than 77.7% recorded over the same weekend last year.

The number of listings that went to auction over the weekend was 836, higher than the 690 auctioned over the same opening weekend last year.

Sydney’s aforementioned clearance rate of 65.8% is well down on the 81.1% recorded over the same opening weekend last year.

Despite surrounding covid concerns and distractions, a season-opening record 318 homes were listed for auction at the weekend — up on the 138 auctioned over the same opening weekend last year.

The NSW capital recorded a median price of $1,380,000 for houses sold at auction at the weekend which was lower than the $1,580,000 reported over the final auction Saturday of 2021 but 10.8% higher than the $1,246,000 recorded over the same weekend last year.

Melbourne’s clearance rate of 68.5% was also down on the 84.0% recorded over the same weekend last year.

A total of 250 homes were reported listed for auction at the weekend – lower than the 308 reported over the same weekend last year.

The Victorian capital recorded a median price of $873,000 for houses sold at auction at the weekend which was lower than the last weekend in December’s $1,000,000 and 4.3% lower than the $912,500 recorded over the same weekend last year.

Data powered by Dr Andrew Wilson, My Housing Market.



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.

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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.

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