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Varun
Anjali
Anuj
Sydney
New Domain data has revealed that Sydney’s auction market is soaring, with records being broken across the board.
Namely, the median price for a house at auction in Sydney has hit a record-high $1.68 million, while the clearance rate is poised to surpass levels not seen since 2015.
According to Domain’s data, the auction frenzy is a direct result of record-breaking house price rises in Sydney towards the end of 2020. “We’ve had a robust month for the auction market, we’re seeing strong results,” Dr Powell said.
“So far, the median auction price is looking set to be a record, and the clearance rate is looking to be a record.” The median price in February to date sits at $942,750 – $7,750 less than the this time last year.
As such, Dr Powell cautioned that the market on the whole was not out of the woods yet.
“There are still headwind risks, we’re not fully off fiscal supports, we aren’t fully vaccinated and borders are still closed,” Dr Powell said. Get details at: x
Sydney’s median auction house price hits $1.68m ...
Homes in Sydney are selling more than $1 million above the reserve, with the preliminary clearance rate hitting new heights, new research has revealed.
www.smartpropertyinvestment.com.au
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2D ago
Justprop Team member
Sydney
Killarney Vale, along with nearby Blue Bay and Toowoon Bay, have been attracting high levels of buyer activity during the first months of 2021, Raine & Horne’s principal, Paul Denny, said in a statement.
From six groups at a weekend inspection last February, open homes now draw in up to 50 groups with many travelling to the region from Sydney’s north and north-west, Mr Denny said. “Better still, they could buy a decent family home close to excellent infrastructure rather than be stuck living in a pokey Sydney apartment,” the principal commented.
But the Coast’s “burgeoning” cafe culture is also drawing Sydneysiders, with Long Jetty’s bohemian restaurant café precinct on The Entrance Road said to bear remarkable similarities with Inner-city Newtown in the 1980s and 1990s.
Apart from the area’s appealing lifestyle, improved infrastructure such as the new North Connex and the West Connex also ease connectivity to major city centres. Continue reading at: x
Central Coast’s 2261 postcode swarmed by Sydney ...
Sydney buyers have been flocking to one of NSW’s “best-kept secrets”, the Central Coast’s 2261 postcode region, a real estate brand revealed.
www.smartpropertyinvestment.com.au
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2D ago
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Can you tell me, how are the place to living at Millsons Point?
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