Sydney Weekend Clearance Rate Falls Under 60%
The national figure is also at a two-year low.
The national figure is also at a two-year low.
Following the Queen’s Birthday long weekend, auction number predictably surged at the weekend, with a total number of listings of 2191 compared to 992, yet, well below the same weekend last year’s 2888 auctions.
The result of a lift in volumes combined with weakening confidence in the market saw the national clearance rate report a 2-year-low of 62.7% at the weekend — well below the 67.3% reported last weekend and significantly lower than the 82.3% recorded over the same weekend last year.
Sydney’s market has fallen below 60% for the first time since the lockdown of April 2020 as a buyer’s market emerges.
The NSW capital recorded a clearance rate of 59.6%, lower than the 61.5% recorded last weekend and again significantly lower than the 80.8% recorded over the same weekend last year.
A total of 751 homes were listed in Sydney at the weekend — up on the 420 listed last weekend but well below last year’s corresponding 1036 auctions.
Sydney recorded a median price of $1,745,000 for houses sold at auction at the weekend which was again higher than the $1,650,000 recorded last weekend and 8.4% higher than the same weekend last year’s $1,610,000.
Melbourne’s auction market is proving more resilient, with a clearance rate of 62.9% holding steady when compared to the previous weekend’s 62.4% yet certainly lower than the 74.4% recorded over the same weekend last year.
A total of 134 homes were reported listed at the weekend – significantly higher than the holiday weekend’s 342 reported but well below the 1566 listed over the same weekend last year.
The Victorian capital also recorded a median price of f $1,010,000 for houses sold at auction at the weekend which was higher than the $900,000 reported last weekend and 3.2% higher than the $979,000 recorded over the same weekend last year.
Data powered by Dr Andrew Wilson, My Housing Market.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
There’s no shortage of design inspiration online but nothing beats the joy of spending an afternoon immersing yourself in a good interior design book. Edited, carefully curated and, above all, designed, these titles take you behind the scenes of some of the world’s most beautiful interiors in a considered way. Think of it like the difference between listening to a few tunes on Spotify versus releasing a thoughtfully crafted studio album. We’ve assembled our top six of interior design books on the market right now for your viewing and reading pleasure.
Step inside the world of award-winning interior design duo Juliette Arent and Sarah-Jane Pyke in this, their first compendium of their work. A ‘best of’ over more than 15 years working together, it’s a masterclass in working with colour and pattern as seen through 18 projects from around the country. With a focus on the idea of home as sanctuary, this hefty tome offers insight into the mind of the designer with points on where to find inspiration, meeting client briefs and the importance of relationships. Thames & Hudson, $120
If there was ever a book title for our times, then this is it. With a subtitle of Playful Homes and Cheerful Living, this book champions fun in interior design, with bold and bright homes from around the world to delight and inspire. While there’s a good dose of the unexpected, like a disco ball in the garden, there’s no mayhem in these spaces. Instead, they’re beautifully executed to tempt even the most colour shy. Gestalten, $105
Some design books are beautiful to look at, and that’s it. This is not one of those books. A master of colour and pattern, UK designer Ahern offers a practical foundational guide to beautiful interiors, mixing form with function in her latest book, Masterclass. Find the inspiration you need to create a gorgeous home. HarperCollins, $65
Looking for a visual crash course in international design trends with longevity? This is the book for you. Featuring homes across the globe, from New York to Auckland via Avignon, the biggest dilemma for readers is settling on a style. Many of the projects are owned by designers and creatives, lending a dynamic edge to this tome, now in its 40th year. Taschen, $50
For many Australians, the ocean holds an almost hypnotic appeal. Home by the Sea by Natalie Walton lets you imagine, for a little while at least, what it’s like living the dream in a beach shack in Byron Bay. The book tours 18 homes in and around the region and the hinterland owned by artists, designers and makers. With photography by Amelia Fullarton, it champions the good life. Hardie Grant, $60
Released last year, this is the third volume from award-winning interior designer Greg Natale. Different in format from his earlier books, the eight projects featured are Australian but with a slight Euro-centric focus. The writing is conversational, almost intimate, inviting the reader into the most luxurious spaces beautifully captured by photographer Anson Smart. This coffee table tome is perfect for dreamers and doers alike. Rizzoli, $110
Self-tracking has moved beyond professional athletes and data geeks.
What a quarter-million dollars gets you in the western capital.