December Market Snapshot #1

The Inner West suburbs of Sydney have had another fantastic weekend for auction clearances (November 30), which saw the New South Wales capital city reach a clearance rate of 80 per cent for the second week in a row.

The Australian Property Monitors (APM) recorded that of the 483 properties put up for sale, 410 were successfully sold with a total sales result for the weekend grossing $356,689,700 - with a median sale price of $868,250.

The biggest success story from the weekend was the sale of a property on Beattie Street in Balmain, which sold for a notable $3,160,000. This was a fantastic result for the sprawling property which takes up two addresses, offering a great inner suburb location for the new owners.

Furthermore, there were two other sales made in the region. Another three-bedroom property sold in Balmain for $1,150,000, while another in Balmain East sold for $1,400,000. All the sales in the region tracked well above the median price for Sydney, highlighting the suburb's affluence and developmental potential.

There were a number of successes in the Rozelle real estate market this weekend, with three properties sold in the region. A three-bedroom property on Mansfield Street was sold by Coopers Agency for $1,233,000, while a second home was sold for over $1,000,000 as well.

This could offer a great opportunity for anyone interested in purchasing property in the region, especially those looking to secure themselves a new home heading into new year.

For example, this three-bedroom property in Rozelle could be the perfect place to shift to. The property itself is relatively close to the Anzac Bridge into the city, making it a great home for anyone looking for accommodation close to Sydney's central business district.

Matt Cooper
Focused, enthusiastic and highly motivated, Matt Cooper belongs to the new generation of real estate professional. An intuitive, long term thinker with a fresh approach, as Director of Sales Matt is committed to creating a new breed of agency.

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