{"id":26391,"date":"2020-07-24T10:49:27","date_gmt":"2020-07-23T22:49:27","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=26391"},"modified":"2020-07-24T10:49:27","modified_gmt":"2020-07-23T22:49:27","slug":"best-and-worst-suburbs-for-home-auctions","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/best-and-worst-suburbs-for-home-auctions\/","title":{"rendered":"Best and worst suburbs for home auctions"},"content":{"rendered":"

PHOTO: The Prestia family are selling their renovated Clareville house at auction on Saturday. Picture: Toby Zerna Source: News Limited<\/em><\/span><\/strong><\/p>\n

Larger houses in the Canterbury-Bankstown area, lower north shore and other pockets close to the CBD have been getting the best results at auction since the COVID-19 crisis began.<\/p>\n

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Auction clearance rates in these areas were the highest in the city over the past three months, with three in four auctions producing a sale in the suburbs of Cremorne, Leichhardt and Revesby.<\/p>\n

Auctions also delivered stronger results in Wollstonecraft, Bondi, North Bondi, Elizabeth Bay and Alexandria, where about two thirds of auctions were a success, according to a CoreLogic review of the past quarter of sales.<\/p>\n<\/div>\n

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\"Jeffrey<\/a><\/div>\n
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Jeffrey Epstein\u2019s New York, Florida mansions listed for combined $165m<\/a><\/h2>\n<\/header>\n<\/div>\n

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The higher clearance rates in these areas generally indicated buyers were competing for a small pool of available properties \u2013 considered favourable conditions for auctions.<\/p>\n

It was a different story in much of the rest of the city, where auctions tended to get mixed results.<\/p>\n

The lowest suburb clearance rates were recorded in Botany and Cronulla in Sydney\u2019s south, where less than 30 per cent of auctions were a success for the vendors.<\/p>\n

READ MORE VIA NEWS.COM.AU<\/a><\/p>\n

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