The first property auctions of the year are taking part this weekend — the first real test of the property market.
On the northern beaches ten properties are being offered at auction from a two-bedroom Manly unit with no parking to a four-bedroom family home in prestigious Balgowlah Heights with a $2.1 million price guide.
Traditionally the northern beaches has an auction clearance rate higher than that of Sydney as a whole. Agents this year have already observed fresh faces at opens, big numbers inspecting property and a new vitality in the marketplace.
Saturday’s auctions kick off at 9am with a two-bedroom unit in Dee Why. Number 1/22 Lismore Ave is a ground floor unit in a small block of eight a level walk to the beach. No price guide has been given for the unit but the suburb median for a unit is $773,500.
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Next is the Manly unit at 8/7 Commonwealth Pde at 10am with an auction guide of $1.3 million. This fourth floor apartment is opposite the harbour with a great vantage point, has 88sqm of accommodation and is within the well-regarded Montreaux block built in 1916.
The first semi to be offered at auction this year is 204 Sydney Rd, Fairlight at 10.15am. This three-bedroom home has lots of elegant charm, a north-facing backyard and a guide of $1.7 million.
The big ticket auction of the day on the northern beaches is a four-bedroom house in Balgowlah Heights an easy walk to the local primary school which has an opportunity class. Number 6 Wiliawa St, is on 698sqm of land, is single-storey and has a price guide of $2.1 million.
But perhaps the hottest auction of the weekend is a 1970s house near Narrabeen lagoon that has attracted 90 groups through it. Duane Hunter, of D & S Hunter Estate Agents, said he has been blown away by the interest in the four-bedroom house at 6 Elanora Rd, Elanora Heights.
‘We have several parties interested in the home and I am fairly confidant it will sell,” he said.
Buyers have been drawn by the outlook, the 613sqm block and the service road at the rear.
“There is a new kitchen and new floors,” Mr Hunter said.
‘The house doesn’t need anything doing to it straight away,” he said.