It seems that stock levels are still lower on average around the Sydney market, we have definitely noticed it on the Upper North Shore. News recently has suggested that we have had the highest building approvals, certainly the highest median sale prices and definitely the highest turnover of stock during this high market, but what will topple it?
There are fresh calls from the government to the State Government to assist with easing firs home buyers’ pressure, while others are calling for a reduction in Stamp Duty. The latter would be the most suitable outcome in my opinion.
The Auction Clearance Rates were up at 84% at the weekend with 628 Scheduled Auctions, 482 were reported to have taken place and 434 were reported to have sold under the hammer. There were 32 properties withdrawn for whatever reason.
Once again, the Median sale price was up at $1,210,000.
The highest Auction result I could find was 72 Champion Road, Tennyson Point an $8,300,000 waterfront property.
There were also plenty of properties selling in the $400,000 and $500,000 range with a cracking 3 bedder in Seven Hills selling for $660,000 Here
Thomas Merriman.
Thomas Merriman 