Thornleigh's 100% autumn auction success rate - and the 13 other stellar Sydney hotspots

Thornleigh's 100% autumn auction success rate - and the 13 other stellar Sydney hotspots
Thornleigh's 100% autumn auction success rate - and the 13 other stellar Sydney hotspots

There were 14 Sydney suburbs scoring a perfect 100 per cent auction clearance rate during the autumn selling season.

Thornleigh on the upper north shore headlined the remarkable feat with 23 sales over the three months to May 31.

In second place with 22 sales was Naremburn on the lower north shore.

Sydney's clearance rate for the autumn quarter sat at 83.3 per cent with 161 suburbs scoring auction success results above the Sydney-wide clearance rate. 

With winter auctions now underway, Thornleigh won't be on the next 100 percent list given a three bedroom weekend offering (below) was withdrawn, now for sale with offers sought above $1 million.

71 beresford road thornleigh NSW 2120
 
Backing onto natural bushland with a north east to rear aspect, the elevated home was marketed as providing "an exceptional investment opportunity" with future potential for the 765sqm site. The estimated return was $600 per week according to the McGrath marketing. It was bought by a super fund at $535,000 in 2009. 
 
Nearby Cherrybrook in the Hills district was among other strong 100% performers during Autumn, according to Australian Property Monitors.
 
Ditto Killarney Heights on the northern beaches, North Willoughby on the lower north shore, Manly Vale on the northern beaches, Westmead and North Strathfield in the inner west and the southern suburbs' Mordale, Birrong, Kareela and Gymea South.

There was Lalor Park in Blacktown, Wentworthville in the west.

APM Domain Group senior economist Dr Andrew Wilson most of the 14 suburbs tended to be next to much better known suburbs, but they had recently come into their own as a more affordable alternative.

The Sydney suburb with the lowest clearance rate was Middleton Grange in Sydney's west, where 46 per cent of homes sold under the autumn auction hammer.

On Saturday Sydney secured an auction clearance rate of 83.3 per cent.

 

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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Auctions Sydney

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