Sydney’s auction results were a sweet delight in time for Easter

The Sydney weekend home auction market has comfortably passed its biggest test of the year so far after recording another steady result despite the flood of auction listings for Super Saturday. auction graph sale sell house property

A total of $662.6 million worth of real estate was reported sold at auction in the city over the weekend.

The weekend’s Super Saturday of auctions will remain the high water mark for listings, at least until late spring, and on current trends may hold at the biggest auction day of the year for 2016.

Sydney reported a clearance rate of 75.8 per cent at the weekend, which was just below the 76.3 per cent recorded the previous weekend.

But it was well below the boom-time 87.5 per cent recorded over the same weekend last year.

Saturday’s result was above the average weekend rate of 75.1 per cent recorded over the past seven Saturdays and continues the sequence of remarkably consistent results characteristic of the 2016 market so far.


Although Saturday produced the usual sharp spike in auction activity typical of the pre-Easter holiday weekend, numbers were well down on last year’s result over the same weekend.

There were 911 homes listed for auction on Saturday, which was well ahead of the previous weekend’s 592 listings, but below the all-time auction record of 1128 set over Easter Super Saturday last year.

Sharply lower auction numbers have also been a characteristic of the Sydney early autumn market this year compared to last year’s record auctions over the same period.

Inner-suburban, higher-priced regions continue to produce boom-time results, in sharp contrast to outer suburbs to the west where clearance rates remain considerably lower.

The lower north recorded another strong result at the weekend to lead the regions with a remarkable 92.3 per cent clearance rate.

Next highest was the consistently strong northern beaches, with 87.3 per cent, followed by the inner west, with 85 per cent and with the highest number of sales at 96.


The upper north shore had a clearance rate of 79.3 per cent, while the city and east dropped to 75.4 per cent this week compared to last week’s 87.7 per cent.

The south recorded a clearance rate of 71.6 per cent, Canterbury Bankstown sat at 68.9 per cent, the north west at 61.5 per cent while the west finished with a better result at the weekend at 61.3 per cent.

The Central Coast trailed at 57.9 per cent while the south west was well down at just 45.7 per cent.

The Blue Mountains had just two reported auctions, but both failed to sell under the hammer.

The most expensive property reported sold at auction at the weekend was a seven-bedroom home at 9 South Street, Strathfield that sold for $5,710,000 by Devine Real Estate.

The most affordable property reported sold at the weekend was a two-bedroom unit at 6/199 Auburn Road, Yagoona that sold for $380,000 by Ray White Bankstown.

Sydney recorded a median auction price of $1,169,500 on Saturday, which was lower than the previous weekend’s $1,230,000.

Saturday’s median remained 10.6 per cent higher than the $1,057,500 recorded over the same weekend last year.

The Sydney weekend auction market will now pause for a well-earned break for the Easter holidays following an early autumn season that has remained positive for most sellers.

Clearance rates have been relatively consistent from weekend to weekend and continue to track at the highest levels since winter last year.

Auction numbers however remain well below last year’s boom-time results and there continues a significant disparity between regional results with inner-suburban clearance rates clearly ascendant over the west.

Click here for a list of weekend auction results in Sydney.

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Andrew Wilson


Dr Andrew Wilson is Australia’s leading housing market expert. As senior economist for Fairfax-owned Domain Group, Dr Wilson is one of the nation’s most respected real estate analysts and Australia’s highest profile housing market commentator. Visit his blog at Domain

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