Wollongong's weakness at auction continues

Wollongong's weakness at auction continues
Wollongong's weakness at auction continues

Wollongong has had another weak auction result.

With a clearance rate of just 48%, over half of the 40 properties taken to auction were passed in.

This is in line with Wollongong's recent performances as two weeks ago there was an even lower clearance rate of 34.5% on 41 total properties. 

Wollongong's weakness at auction continues

However one home that succeeded at auction was 21 Byarong Avenue, Mangerton (pictured above), a four bedroom two bathroom recently renovated house.

The Mangerton dwelling sold for $957,000 this Saturday through Belle Property.

The 588 square metre holding last sold in 2015 for $625,000.

Wollongong's weakness at auction continues

Following the trend of passing in at auction is 10a Love Street, a three bedroom two bathroom home (pictured above).

Close to beaches and cafes the home comes with an ocean view and an asking price of $819,000.

The dwelling was last listed in 2015 for 100 days after which it was taken off the market.

Wollongong's weakness at auction continues

Another home that failed to sell is an original fifties-era cottage bordering Towradgi Creek which had a price range of $890,000 to $960,000.

Set on a 518 square metre block the 59 Lack Parade, East Corrimal home (pictured above) is a near public transport options as well as the local school.

The home has only been on the market for 35 days and has never sold before.

Wollongong's weakness at auction continues

A third house in Wollongong that failed to sell is 52 Edgar Street, Towradgi.

The four bedroom two bathroom home (pictured above) comes equipped with both a study and two parking spaces.

The dwelling's current price guide is holding at $1.5 million - $1.6 million.

Tags: 
Wollongong Residential Auctions

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