Green Valley $545,000 auction sale matches the Sydney wide 13% above guidance trend

Green Valley $545,000 auction sale matches the Sydney wide 13% above guidance trend
Green Valley $545,000 auction sale matches the Sydney wide 13% above guidance trend

An analysis of 22 auction offerings across Sydney on the first weekend in September indicated that there was an 13% gap between the price guidance and the eventual higher sale price.

The sales ranged from one result which was just 2% over the price guide in Randwick to one sale that fetched 38% than the initial price guidance in Hurstville.
 
During the prior August weekends the Property Observer analysis reflected average gaps of between 11% and 18%.

The sales on the first Saturday of spring included a Green Valley offering that was offered with $480,000 plus hopes and sold at $545,000.

The median house price in Green Valley sits at a record $515,500, according to RP Data. Green Valley began 2013 with a $435,000 median house price.

The price growth has eclipsed the suburb's median annual household income based on the 2011 census which had it at $1391 per week.

Green Valley, set near Liverpool about 32 kms from Sydney was high on the national consciousness when its most famous son, Mark Latham was the Federal leader of the opposition.

  

Address

Suburb

6 Nyngan Place

MIRANDA

Over $760,000 SOLD $884,000

1 Lomandra Place

South Coogee

$1,150,000 SOLD $1.306m

1/114 The Promenade

SANS SOUCI

Over $500,000 SOLD $586,000

807/26 Napier Street

NORTH SYDNEY

Over $740,000 SOLD $790,000

12/61 Wright Street

HURSTVILLE

Over $590,000 SOLD $820,000

1302/2 Atchison Street

ST LEONARDS

Over $720,000 SOLD $785,000

8/154 Homer Street

Earlwood

Over $525,000 SOLD $630,000

35/362 Mitchell Road

ALEXANDRIA

Over $600,000 SOLD $660,000

203/22 Colgate Avenue

BALMAIN

Over $1,600,000 SOLD $1.823m

1/94 Muston Street

MOSMAN

Over $1,300,000 SOLD $1.375m

9/27 Prince Street

RANDWICK

Over $700,000 SOLD $717,500

17/61 Ryde Road

HUNTERS HILL

Over $600,000 SOLD $631,000

7 Stow Place

ILLAWONG

Over $730,000 SOLD $760,000

3 Cypress Street

NORMANHURST

Over $990,000 SOLD $1.26m

5/2 Hayburn Avenue

Rockdale

Over $500,000 SOLD $545,000

60 Suttor Street

ALEXANDRIA

Over $900,000 SOLD $1.02m

28 Langlee Avenue

WAVERLEY

Over $1,450,000 SOLD $1.55m

11 Westminster Road

GLADESVILLE

Over $1,600,000 SOLD $1.705m

29 Biloolo Road

GREEN VALLEY

Over $480,000 SOLD $545,000

1A Collings Street

Wahroonga

Over $900,000 SOLD $1.013m

49 Pine Street

MANLY

Over $1,900,000 SOLD $2.02m

4/25 Harbourne Road

KINGSFORD

Over $900,000 SOLD $1.043m

 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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