$1.91 million AVJennings Eastwood townhouse tops Sydney weekend auction sales

The four bedroom townhouse was built a decade ago on the Eastwood brickworks site

$1.91 million AVJennings Eastwood townhouse tops Sydney weekend auction sales
$1.91 million AVJennings Eastwood townhouse tops Sydney weekend auction sales

Apartment vendors secured a 69 percent success rate across 316 weekend auctions across the capital cities.

According to CoreLogic there was an $812,000 median price.

There were 385 listings, with some 69 results yet to be advised.

Sydney was the strongest market with a 79 percent preliminary success rate, with a $993,000 median price.

There were 171 Sydney sales of apartments and townhouses.

A four bedroom Eastwood townhouse sale topped the weekend's sales in Sydney at $1.91 million.

The 194 sq m townhouse was sold by Stone Real Estate agent Jeff Jianfu Luo.

It was first sold in 2011 at $938,888 by AV Jennings, trading as Avjbos Eastwood Developments.

The townhouses were constructed after Brickworks sold its Austral Eastwood brickworks site in 2007 to the home builder for $70 million.

The inner northwest Sydney site dates back to the Great Northern Brick Co established in 1912 with kilns and chimneys from the old brickworks, which closed in 2003, retained.

AVJ agreed to pay $70 million for the 14.7ha brickworks and quarry site.

Austral Brickworks owner Brickworks Ltd had embarked on housing redevelopment plans for the site in 2002 in a venture with Clarendon Property Group, which failed to proceed after it was acquired by Investa Property Group in 2005.

Melbourne saw a 57 percent success rate with a $640,000 median from its 107 sales.

Its top sale was 2/113 Esplanade, Williamstown for $2,275,000. 

Brisbane had a 64 percent success rate from 20 auction offerings.

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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