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Sydney Market on Fire!
Posted by   |   February 13th, 2015   |   Categories: Industry News, Market Trends

HAMMERS ran hot on the first big auction weekend of the year, with Sydney leading the sales charge.

The number of auctions staged across the nation’s capital cities jumped to 954, up from 403 last weekend, according to Core Logic RP Data.

The preliminary clearance rate was 66.9 per cent, though there was a wide gap between the Sydney market and the rest of the country.

64/253 Goulburn St, Surry Hills, sold for $2.9 million on Saturday.

64/253 Goulburn St, Surry Hills, sold for $2.9 million on Saturday. Source: Supplied

 

Sydney notched a strong 80.5 per cent clearance rate from 402 auctions.

A Surry Hills penthouse was one of Saturday’s top sales at $2.9 million.

The top level at 64/253 Goulburn St, Surry Hills, includes a studio and roof terrace.

The top level at 64/253 Goulburn St, Surry Hills, includes a studio and roof terrace. Source: Supplied

 

The five-bedroom, three-level apartment at 64/253 Goulburn St has a large roof terrace, with a sweeping backdrop of the city skyline.

An atrium-style studio, with windows on three sides, is in pole position to take in the views.

Development potential was a key attraction at 6 Bishop Court, Mt Waverley.

Development potential was a key attraction at 6 Bishop Court, Mt Waverley. Source: Supplied

 

Buyers were on a better footing in Melbourne, where the clearance rate was 61.4 per cent from 246 auctions.

Eastern suburbs Mt Waverley and Glen Waverley were auction hot spots, with a handful of sales breaking the million-dollar mark.

6 Bishop Court, Mt Waverley, fetched $1.48 million at auction on Saturday.

6 Bishop Court, Mt Waverley, fetched $1.48 million at auction on Saturday. Source: Supplied

 

A two-bedroom home at 6 Bishop Court, Mt Waverley, fetched top dollar at $1.48 million.

The 1004sq m block, in the popular Mt Waverley Secondary College zone, has scope for further development.

The existing home is in comfortable, but largely original, condition.

10 Derby St, Coorparoo, beat the odds in Brisbane to sell for $889,500.

10 Derby St, Coorparoo, beat the odds in Brisbane to sell for $889,500. Source: Supplied

 

Brisbane sellers faced tougher odds, with 45.6 per cent of the 105 auctions reaching a sale.

A renovated Queenslander was one of the top results at $889,500.

The four-bedroom home at 10 Derby St, Coorparoo, features modern fittings and original character.

The renovation of 10 Derby St, Coorparoo, blends modern fixtures with classic character.

The renovation of 10 Derby St, Coorparoo, blends modern fixtures with classic character.

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