School holidays are never a great time to auction a property and last week was the perfect example. 2 nights of midweek auctions, the middle weekend of the school holidays and 3 Sunday auctions, culminated in a 25% clearance rate. Let’s blame the school holidays and the rain.
1 auction is scheduled this Anzac Day Long [...]
I have just been told that Burraneer is a new suburb as of January 2008 according to Australian Property Monitors (APM) which provides the database and statistics for the Leader’s Domain magazine, www.domain.com.au, The Sun Herald and the Home Price Guide. This means there are no sales in Burraneer as yet, sales in what we [...]
School holidays started today so there were less auctions scheduled. The clearance rate was up marginally to 37.5% with 3 out of 8 properties sold. It will be interesting to see how this compares with Sydneywide.
The breakdown of the auctions was 3 sold (1 at auction and 2 prior), 2 cancelled and 3 passed in [...]
In a week with the worst clearance rate this year, a dismal 25%, and almost half that of Sydneywide’s 49%, we also had clarification on the suburb re-zoning that has recently taken effect. The suburb of Burraneer has doubled in size. Some streets in Dolan’s Bay have become Caringbah or Lilli Pilli and Port Hacking [...]
This week our suburbs hit an auction clearance rate of 50% compared with 51% Sydneywide, up almost 20% on previous months. The breakdown was:
• 4 sold prior
• 2 sold at auction
• 2 cancelled on the day
• 4 passed in/passed in with no bids/passed in with vendor bid.
Combine this with the news today that the Reserve [...]
