June Weekly Market Snapshot #3

It's already been a very successful month of June for Sydney-based property sellers, with impressive auction results being registered all across the city - and that momentum has showed no signs of slowing down as we near July.

The New South Wales capital registered yet another strong week of auction results in the week ending June 22, with a final clearance rate of 74.7 per cent being recorded over this period.

In total, 279 properties were sold (out of 351 houses set to go to auction), with a number of high profile sales occurring in hotly demanded Inner West suburbs.

Three properties in Lilyfield were sold during the week, including a three bedroom house on Paling Street which went for $1.21 million.

Three prime pieces of Leichhardt real estate also went under the hammer. One sold for an impressive $1.15 million, while another went for $970,000 in total. The third property was sold prior for an undisclosed price.

Overall, the Inner West recorded an impressive final clearance rate of 84 per cent over the weekend, according to Australian Property Monitors. Real estate in this region sold for an average auction sale price of $1,183,167.

If you are looking to sell Inner West real estate, now is a great time to take your house to auction. Get in touch with the professional real estate agents at Cooper's Agency to find out more.

Meanwhile, if you are looking to buy Inner West property, there is a number of hotly anticipated auctions coming up over the next few weeks and months.

Properties in Balmain, Five Dock and Drummoyne will all be going under the hammer between now and mid-July, and it's worth taking a closer look if you are interested in securing your own personal dream home.

Of course, you need not buy a home to live in Sydney's beautiful Inner West. We also have many fantastic properties for lease that are sure to meet the needs of you and your family.