Sydney weekend auctions stay above 400 listings with Ashfield the busiest
There are some 432 properties scheduled to go under the hammer across Sydney this wet weekend.
"This once again is solidly higher than last year’s total of 371 auctions over the same weekend and is another indication of rising seller confidence in the market," says Dr Andrew Wilson, the senior economist at Australian Property Monitors says.
Last weekend clearance rate sat at 76.9% with 11 properties over $2 million last weekend - which was the best result so far this year for the subdued prestige market - including that record setting $2.58 million Redfern terrace on almost 400 square metres that was $330,000 over reserve.
Dr Wilson said Sydney's median house price for auction sales was 1.1% higher, and apartments 0.6% during April and May, compared with the February and March period this year.
The inner west is the most active suburban region with 67 properties followed by the upper north shore with 57, the city and east with 53 auctions and Sydney’s south with 47 auctions.
Ashfield, with seven offerings, is the most popular suburb for auctions this weekend, followed by Bronte in the east, Eastwood and Ryde, and Bankstown each with six auctions.
The offerings include 23 Brown Street, Bronte which is a three bedroom Neeson Murcutt-designed semi which comes with $1.9 million plus hopes.
Making the most of the northern light, the main living areas boasts double-height ceiling and there's a separate lounge room with gas fireplace near the decking.
There are about 50 Sydney properties marketed with fireplaces for auction today.
Property Observer recently listed a few of the more impressive or stately fireplaces among recent listings and sales.
