Residential auction results in the four major eastern capital cities released last week continued to show improvement and remain markedly up on the same week last year.
The most expensive property sold at auction in Sydney this week was a four bedroom house in Double Bay which sold for $2.9 million. The most affordable house in NSW was in Gorokan, 100km north east of Sydney, and sold for $235,000.
[1]There was a million dollar difference between the most expensive house sold in NSW and Victoria on the weekend, where a three bedroom house sold for $1.092 million in Berwick, 45km south east of Melbourne. The most affordable house in Victoria sold for $323,000 in Mooroolbark, 37km east of Melbourne.
[2]South Australia even managed to sell a more expensive home than Victoria, and a two-bedroom home in Henley Beach, 11km east of the Adelaide CBD, sold for $1.505 million.
[3]Important:This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. Consider the appropriateness of the information in regards to your circumstances.
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- Margaret Lomas: Property investment – don’t be blinded by price [7]
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