Sydney And Melbourne Auction Results Slide
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Sydney And Melbourne Auction Results Slide

However the national auction clearance rate held firm.

By Kanebridge News
Mon, Nov 8, 2021Grey Clock 2 min

A further rise in listings impacted the auction market at the weekend with results becoming mixed across the country’s capital city markets.

The usual end of year rush to market has been exacerbated by the release of covid restrictions with many sellers compensating for the lost opportunities of recent months.

National auction numbers were reported at 2463 – up from the previous Saturday’s 2424 and well ahead of the 1439 auctioned over the same weekend last year.

While the major markets of Sydney and Melbourne were down, registering clearance rates of 76.1% and 76.5% respectfully, the national clearance rate rose yet again at 83.8% — higher than the previous weekend’s 81.9%.

Brisbane is now the nation’s leading home auction capital with 153 auctions across the weekend and a clearance rate of 89.5% — nearly 15% up on the previous weekend.

Sydney’s clearance rate suffered from the influx of listings with 994 homes auctioned – the highest November Saturday total for 6-years and well above the previous weekend’s 887.

The surge saw the clearance rate fall nearly 5% from the previous weekend – remarkably below the 78.5% recorded over the same weekend last year.

Sydney recorded a median price of $1,777,500 for houses sold at auction at the weekend which was well below the $1,900,000 reported over the previous Saturday but 17.7% higher than the $1,510,000 recorded over the same weekend last year.

The Melbourne market fared similarly with the clearance rate down 4% from the previous weekend – its lowest clearance rate for six weekends.

In total 1095 homes were listed for auction at the weekend – lower than the 1193 the previous weekend but still up above the 480 auctioned over the same weekend last year.

Melbourne recorded a median price of $1,065,000 for houses sold at auction at the weekend which was lower than the $1,145,000 recorded over the previous weekend but 11.5% higher than the $955,000 recorded over the same weekend last year.

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