BresicWhitney saw auction clearance rates strengthen last weekend coming in at 79%.

Going for auction this Saturday at 9am on site with much anticipation is 143 Goodlet Street, Surry Hills (pictured) – an unrenovated 2 bedroom terrace set on a generous 190 sqm of land with rear lane access, a huge backyard and ample parking space for 3 cars. Offering immense potential, we expect over 10 registered bidders most of whom are developers and builders looking to redevelop and capitalise on the sought after location.

For more information please visit bresicwhitney.com.au.

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As auction clearance rates dropped somewhat last weekend with a slight reluctance from the buyers in the high end market, the Reserve Bank of Australia left interest rates unchanged this week at 4.75% for the fifth month in a row bearing good news for mortgage holders.

Meanwhile, the property management sector continues to grow from strength to strength with vacancy rates at a low of 1.2% ensuring the rental market remains buoyant especially in the lower price range bracket.

Up for auction this weekend is 716/50 Burton Street, Darlinghurst (pictured) – a stunning two bedroom apartment with parking located in the sought after ‘Republic II’ complex. With numerous parties interested, the property expects to sell for over $800,000. For more information, please visit bresicwhitney.com.au

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Concurrent with the shift toward apartment living is the ongoing trend of warehouse conversion properties, which continues to flourish in the inner city and surrounding suburbs.

As the popularity of New York style apartments persistently rises especially in the trendy enclave of Surry Hills, BresicWhitney has noted a tendency and attraction to this contemporary city lifestyle.

William Phillips has just listed the above property at 5/14A Jesmond Street, Surry Hills; an expansive 2 bedroom, 2.5 bathroom apartment with parking, comprising 170 sqm. Tucked away in a prime location, it is the largest in its boutique block and is being put up for auction on the 7th May 2011 with expectations over $1.2 million. For more information please visit bresicwhitney.com.au

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Clearance rates at auction strengthened last weekend for BresicWhitney coming in at a solid 82%.

6/83 Marriott Street, Redfern, a 100 sqm two bedroom apartment with parking had over 100 groups through with 8 registered bidders. It recently sold at auction for well over expectations at $835 000 an impressive 10% rise from the last apartment at 83 Marriott Street which was sold 6 months ago for $755 000. These prices are evidence of an improvement in the affordable price range and a shift from buyers towards the apartment sector.

The 1 bedroom apartment with parking pictured above at 44/87 McLachlan Avenue, Rushcutters Bay was a standout auction last weekend drawing 14 registered bidders and selling for an end result of $615 000, reinforcing the notion and popularity of apartment living. For more information, please visit our website at bresicwhitney.com.au.

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Auction clearance rates were slightly down Saturday 5th March coming in at 63%; evidence of the continued volatility in the sales market.

The auction of 7 Little Comber Street, Paddington – a two bedroom unrenovated terrace which sold for $815,000, came in well above expectations demonstrating that even in this unpredictable market, unrenovated properties are achieving premium prices.

BresicWhitney is currently holding over 100 listings ranging from modest studios to architecturally impressive homes. The four bedroom home at 1 Richard Avenue, Coogee pictured above, is a definite entertainer with unique and superior details throughout and a stunning mosaic pool and spa. This property is up for auction on 2nd April at 1:15pm, for further details please visit bresicwhitney.com.au.

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