Sydney auction results remain strong post Easter break

The Sydney weekend auction market has returned after a well-earned break for the Easter holidays in the same robust form it has consistently produced so far this year.

Auction activity in Sydney will continue to rise through to the Queen’s Birthday holiday break in June, which will signal the beginning of the quieter winter auction market. andrew-wilson

Although auction listings are well below last year’s results at the same time, inner suburban clearance rates remain clearly encouraging for sellers.

Weaker buyer activity is, however, is set to remain in lower priced outer suburbs to the west reflecting falling investor activity and recent strong prices growth subduing the market.

The Sydney property market reported a clearance rate of 73.7 per cent at the weekend which was just below the 75.8 per cent recorded on the pre-Easter weekend a fortnight ago and well below the boom-time 86.8 per cent recorded over the same post-Easter weekend last year.


Sydney recorded a 71 per cent rate over Easter from just 54 auctions – a similar result to last Easter’s 67.9 per cent from 34 auctions.


Saturday’s result was just below the average weekend rate of 74.5 per cent recorded over the past nine Saturdays with a high of 76.9 per cent and a low of 71 per cent reported over that period.

There were 539 homes listed for auction on Saturday, which was similar to the 535 listings reported last year over the same post-Easter weekend.

The city and east recorded another exceptionally strong result at the weekend to lead the regions with a remarkable 92.9 per cent clearance rate.

Next highest was the lower north with 86.7 per cent followed by inner west 83.6 per cent with the highest sales at 56, the northern beaches 75.7 per cent, the central coast 75.0 per cent and the south-west 70.6 per cent.

Canterbury Bankstown lagged behind with a clearance rate of 68.2 per cent, followed by the upper north shore with 65.1 per cent, the south at 63.8 per cent, the north-west at 62.5 per cent and the west with another low result this weekend at 45.2 per cent.


The most expensive property reported sold at auction at the weekend was a five-bedroom home at 19 Lower Almora Street, Mosman, which sold for $5,180,000 by McGrath Mosman.

The most affordable property reported sold at the weekend was a two-bedroom unit at 21/1 Waterside Crescent, Carramar, which sold for $264,000 by Laing and Simmons Cabramatta.

Sydney recorded a median auction price of $1,220,000 on Saturday which was higher than the $1,169,500 recorded two weekends ago.

Saturday’s median remained 22.2 per cent higher than the $998,000 recorded over the same post-Easter weekend last year.

A total of $282.5 million was reported sold at auction in Sydney at the weekend.

For a full list of the Sydney auction results  Click here


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Dr. Andrew Wilson


Dr Andrew Wilson, of is Australia’s leading property economist.

'Sydney auction results remain strong post Easter break' have 1 comment


    April 4, 2016 AgentFinder

    Breaking the last years most expensive sold of Point Piper, NSW


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