Double Bay / Bondi Beach Blog

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A Strong Start to 2017

The strong Sydney home auction market re-emerged on Saturday with an unequivocally good result overall for sellers.

The predictable surge in auction listings, following the clear end to holiday distractions, was pounced on by home buyers who are clearly still hungry.

Sydney recorded a weekend clearance rate of 78.8 per cent, well ahead of the 65.3 per cent recorded the previous weekend from a smaller number of listings. It was also ahead of the 72.5 per cent recorded over the same weekend last year.

The city and east reported the highest clearance rate at 93.3 per cent.

Ric Serrao had an amazing auction on Saturday, selling 5/2 Ramsgate Avenue, Bondi Beach for $275,000 above reserve.

 

5/2 Ramsgate Ave, Bondi Beach - Sold for $275,000 over reserve

 

Raine & Horne Double Bay/Bondi Beach have listed 27 auctions for February alone. We have two auction dates for our in room auctions at Cooley Auction Centre Double Bay on the 16th of February and 23rd of February commencing at 6pm, we would love to see you there. Take a look at our upcoming auctions! Click here

 

If you are considering selling your home, would like an updated market appraisal or to speak to somebody regarding the rental and property management of your investment property, contact one of our team members here or call our office on 02 9327 7971.

 

*Data from domain.com.au

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