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.