Strong Early Spring Auction Results Continue
Most sellers experienced robust results despite restrictions.
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National auction numbers fell sharply again at the weekend as the Melbourne and Canberra markets felt the pinch of lockdown restrictions.
Just 1150 auctions were reported listed nationwide on Saturday – the lowest non-holiday weekend total since early February – yet, well ahead of the 666 auctioned over the same weekend last year.
With fewer auctions about, the national clearance rate lifted – increasing from 79.1% to 80.5% when compared to the previous Saturday.
The result comes as Melbourne’s clearance figures hold firm (79.3%), while Sydney (85.2%) and Brisbane (81.5%) pushed the rate higher at the weekend.
Adelaide (79.6%) and Canberra (76.9%) experienced a small decline.
The resilient Sydney market was the only capital to report higher auctions compared to the previous weekend.
The result follows last weekend’s strong showing which was the highest ever recorded by the local market for the opening weekend of the spring selling season.
Auction numbers increased at the weekend for the third consecutive Saturday with 511 homes offered for sale compared to the previous weekend’s 493 but lower than the 541 listed over the same weekend last year.
Sydney recorded a median price of $1,714,000 for houses sold at auction at the weekend which was higher than the $1,635,500 reported over the previous Saturday but 24.1% higher than the $1,381,000 recorded over the same weekend last year.
While in Melbourne the clearance rate experienced a 6.7% lift when compared to last weekend it was the result of fewer listings — just 414 for the weekend — and a high number of withdrawals with 18.9% of reported auctions withdrawn.
Melbourne recorded a median price of $1,069,000 for houses sold at auction at the weekend which was higher than the $918,000 recorded over the previous weekend.
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.
