Sydney's northern suburbs strong as chill continues to impact the east

Sydney's northern suburbs strong as chill continues to impact the east
Sydney's northern suburbs strong as chill continues to impact the east

Sydney's northern suburbs were their strongest markets at the weekend, with the inner south and inner west also performing well.

Sydney could only manage another average 62 percent clearance rate, as the national rate waned to 61 percent.

There were 2,245 homes taken to auction across the capitals, down from 2,311 auctions.

Click here to enlarge.

Sydney's northern suburbs strong as chill continues to impact the east

 

When clearing the 70 percent mark over the summer months, it was Sydney's eastern suburbs and northern beaches which were selling over 80 percent of their stock at the weekend auctions.

Both have dipped since the clouds have come, but bounced back to a near 80 percent clearance rate. 

Click here to enlarge.

Sydney's northern suburbs strong as chill continues to impact the east

North Sydney and Hornsby secured a strong 83 percent clearance rate, selling 77 of their 96 auctions.

One of Hornsby's priciest sales was a charming cottage which rose nearly $500,000 since it last traded for $730,000 in 2010.

Sydney's northern suburbs strong as chill continues to impact the east

The three bedroom Palmerston Road home fetched $1.21 million after having a guide of $1.2 million.

It has modern Hampton-inspired updates since it sold last.

 

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

Tags: 
Sydney Clearance Rate

Comments

Be the first one to comment on this article
What would you like to say about this project?