Sydney's weekend clearance rate heads even higher to 89%
Sydney's weekend clearance rate has headed even higher to 89%.
On busy weekends during the Autumn selling season, the auction success rate has incrementally risen to regular new record levels.
And APM put Melbourne at 82%.
A home in Sydney's Burwood was the top sale at $3.45 million through Raine & Horne agent Guy Lorello who was giving $2.6 millii plus guidance.
The five bedroom 13 Ethel Street offering sits on an elevated 854 square metre complete with a north facing rear garden and BBQ gazebo plus a huge three-car garage with internal access.
The block cost $520,000 in 1998, with the house built at least 12 years ago.
Only the Melbourne market of winter 2001 recorded higher auction clearance rates than Sydney is currently experiencing - and only just, APM senior economist Dr Andrew Wilson said.
The inner west hosted the most number of auctions this weekend in Sydney with 99 followed by the city and east and the upper north shore each with 91, the south 88, and the lower north 62.
The most popular Sydney suburb for auctions was Lane Cove North with 12 followed by Mosman and Epping each with 11.
APM's most expensive
| CITY | Location | Value Sold |
|---|---|---|
| Sydney | 13 Ethel St, Burwood NSW 2134, 5 br House, R&H Burwood | $3,450,000 |
| Melbourne | 67 St Vincent Pl, Albert Park VIC 3206, 3 br House, Greg Hocking Holdsworth | $4,210,000 |
| Adelaide | 44 Marion St, Unley SA 5061, 3 br House, Belle Property Unley | $1,210,000 |
| Brisbane | 15 Sentinel Ct, Cleveland QLD 4163, 5 br House, East Coast Residential & Prestige | $1,950,000 |
APM's most affordable
| CITY | Location | Value Sold |
|---|---|---|
| Sydney | 34 Katoomba Av, San Remo NSW 2262, 3 br House, R&H Charmhaven | $317,000 |
| Melbourne | 11 Jacks Wy, Maribyrnong VIC 3032, 4 br House, Rendina Real Estate | $100,000* |
| Adelaide | 3 Napoleon Ct, Paralowie SA 5108, 3 br House, LJH Walkerville | $330,000 |
| Brisbane | 2/111 Kingston Rd, Woodridge QLD 4114, 2 br Townhouse, HAR M1 | $166,000 |
APM's price records seemingly dropped a 0, as the property was marketed with $950,000 hopes.