Market Update - 20 October 2023

As reported by SQM Research, there were 1102 auctions scheduled in Sydney last week, and the clearance rate was 51.7%, with the first three weeks in October delivering an average clearance rate of 51%, the lowest of any 3-week period so far this year. Across the 2037, 2038, 2040, 2050, 2048, 2049 postcodes there were 30 auctions with a clearance rate of 53%.

In spite of these sobering statistics, our team has successfully sold all of our vendors’ properties that were scheduled for auction in September and October to date and we’re really excited about our current and upcoming listings. Of those, 184 Johnston St Annandale is proving to be the home of choice for upsizing local families, offering an abundance of accommodation with 4 bedrooms, a large home office, Tuscan inspired gardens and pool area, as well as that elusive double lock-up garage with a bonus self-contained studio above. The last time a renovated home with a pool and double garage sold in Annandale was in June 2021!

Kind Words from a (5x) Vendor

Simon has been my wife’s and my preferred property agent for several of our property sales and has always managed to deliver on both ours, and his own expectations in regards to price. Simon keeps ahead of the game and understands all properties are different and the sale process needs to be tailored to suit each property. Simons no cookie cutter approach of marketing and selling ensures the vendor will get the best chance of obtaining the best price for their property.