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Distressed Property of the Week

205/172 South Parade Auburn NSW 2144

The vendor is now accepting offers from $449,000 on this 1-bedroom apartment, located in Auburn. The property last sold in July 2017 for $480,000 where the vendor is hoping the reduced price will attract either an owner-occupier or landlord for a quick sale. 

According to Edgar El Chaar from C&A Real Estate, this 1-bedroom apartment is located in the heart of Auburn. The open plan unit comes complete with timber flooring and features a rooftop terrace. Auburn's shops and public transport are all within walking distance.
 
If you think it is a good deal, make sure you crunch the numbers first. In postcode 2144, the vacancy rate has decreased over the last 12 months to 4.7% in November 2021 from 5.8% in November 2020. Asking rents have fallen 4.9% over the last 12 months to 30 November 2021. The gross rental yield on units currently sits at 3.8%.

However, asking sales prices for units have decreased over the year by 4.6%. You can view recent sales in 2144 here. Given these figures, equip yourself with the latest market research, as you could possibly drive a harder bargain with the seller.

Monitor this market and others with SQM Research’s free property data. Also consider the SQM Property Explorer product for more in-depth data and property price estimator.

Auction Results

for week ending 28th November 2021
Full individual auction results can be found on our website:

Auction Listings*

for week ending 5 December 2021

CITY Saturday   Rest of Week STATE Saturday   Rest of Week   Link
Sydney 1220   420 All NSW 1434   654   Auctions in NSW
Melbourne 1587   341 All VIC 1780   410   Auctions in VIC
Brisbane 162   122 All QLD 257   277   Auctions in QLD
Perth 14   7 All WA 16   15   Auctions in WA
Adelaide 188   112 All SA 190   119   Auctions in SA
Canberra 103   87 All ACT 103   87   Auctions in ACT
Darwin 2   4 All NT 2   6   Auctions in NT
Hobart 0   0 All TAS 2   1   Auctions in TAS

* The above counts of auctions represent most recent known auction dates for the coming week.

Real Estate Realities

Rare untouched London trophy home selling for $65 million

One of London's last untouched mansion's in Knightsbridge is currently for sale for £35 million ($65 million). Located on one of London's most prestigious addresses, Cadogan Square, the estate has historic links to the Stuart monarchy and ancestral links to Princess Diana, the Duke of Cambridge and the Duke of Sussex.

Many of the estates neighbouring properties have had the interiors turned into apartments. The Stuart house, as it is known, since being built in the 1880's has been kept as a single residence. According to the real estate listing "on Rokstone Properties the largest single property currently for sale in the Royal Borough of Kensington & Chelsea."

The six storey Queen Anne-style red brick house was designed in 1880 by the architect FG Knight for Oscar Leslie Stephen and was completed in 1884 on the Cadogan family estate. The home has five reception rooms, five bedrooms, staff quarters, a swimming pool and a gym. Marketing agent Becky Fatemi told the evening standard that “Complete townhouses are … comparable to very rare fine art… I expect a family, art enthusiast or a collector of trophy homes to buy this home.”

More ...

Black Dragon's Words for the Week

 

“Maybe Christmas, the Grinch thought, doesn't come from a store"

~ Dr. Seuss 

SQM Research Housing Indexes

SQM Research Weekly Asking Prices Index

 
Week ending
30 Nov 2021             
Asking Price     Chg on
prev wk
Rolling month
% chg
       12 mth
% chg
Sydney All Houses 1,738.9 5.0  4.0%  26.4% 
All Units 709.8 1.7  1.1%  5.7% 
Melbourne All Houses 1,138.0 1.4  1.1%  11.6% 
All Units 577.7 -1.2  0.6%  0.0% 
Brisbane All Houses 811.3 9.3  4.4%  23.9% 
All Units 409.0 -1.7  0.4%  7.8% 
Perth All Houses 713.8 -0.6  0.3%  6.6% 
All Units 395.0 -0.9  0.8%  4.0% 
Adelaide All Houses 636.9 2.8  3.3%  18.3% 
All Units 325.5 0.3  0.6%  2.5% 
Canberra All Houses 908.6 49.9  7.5%  11.7% 
All Units 470.4 0.7  -2.2%  -0.7% 
Darwin All Houses 642.9 -5.1  -0.7%  8.4% 
All Units 379.8 -4.8  1.4%  7.0% 
Hobart All Houses 684.8 -0.1  0.2%  17.8% 
All Units 441.7 -0.2  0.3%  12.0% 
National All Houses 753.0 -3.0  3.5%  18.4% 
All Units 453.8 4.3  1.8%  10.4% 
Cap City Average All Houses 1,181.6 0.7  3.0%  19.5% 
All Units 588.5 -0.9  0.8%  4.0% 

Next update: 7 Dec 2021

SQM Research Weekly Rents Index

Week ending
28 Nov 2021                                 
Rent     Chg on
  prev wk
     Rolling month
% chg
      12 mth
% chg
Sydney All Houses 727.6 4.4  3.2%  14.5% 
All Units 473.2 0.8  0.8%  5.8% 
Melbourne All Houses 527.3 1.7  0.8%  3.0% 
All Units 373.0 0.0  0.1%  -3.2% 
Brisbane All Houses 539.6 0.4  1.2%  15.8% 
All Units 398.7 2.3  1.0%  5.9% 
Perth All Houses 534.3 2.7  1.7%  10.2% 
All Units 401.2 -1.2  -0.6%  9.9% 
Adelaide All Houses 462.9 4.1  1.1%  10.7% 
All Units 333.9 1.1  -0.6%  6.9% 
Canberra All Houses 721.1 4.9  1.3%  12.5% 
All Units 526.8 1.2  1.3%  10.3% 
Darwin All Houses 632.5 12.5  4.3%  11.2% 
All Units 456.3 -1.3  0.7%  19.2% 
Hobart All Houses 493.8 0.2  -0.5%  9.8% 
All Units 416.7 8.3  -1.7%  4.7% 
National All Houses 548.0 -4.0  1.7%  13.5% 
All Units 413.0 3.0  0.5%  7.6% 
Cap City Average All Houses 596.0 1.0  2.4%  11.2% 
All Units 426.0 0.0 0.5%  4.4% 

Next update: 4 Dec 2021

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