It is no wonder that the property market comes alive in Spring, with the warmer weather and gorgeous gardens, buyers come out in droves and traditionally there are more properties on the market.
The team at Ray White took 6 properties to Auction on Sunday 16th of October, 2 sold prior, 3 sold under the hammer and one sold shortly afterwards. This represents a 100% clearance rate. The average sale price of the 6 properties was $958,333 and included a price record for 2016 for a 2 bedroom home ($875,000 – 61 Wentworth Street, Blackheath).
Our November Auction campaign is starting soon, with the first open home on Saturday 29th of October and the Auction booked in at Blackheath Golf Club for Sunday 20th November. We have three fantastic properties already signed up for this Auction. Keep checking our web-site to be the first to find out where these properties are located http://raywhiteupperbluemountains.com.au/
National Housing Market Outlook
Interest rates are currently at an all time low, with the Reserve Bank of Australia recently dropping rates again. ‘This is likely to fuel the market, particularly in Sydney, with strong price growth and high clearance rates expected in Spring’ says CEO of Ray White Stephen Nell.
If you would like a more detailed report of the local property market call the office on 02 4787 8797 or email jessica.ridder@raywhite.com and request a free Market Report.
The sale of 55 Hargraves Street, Blackheath for $4,600,000 represents the highest priced residential sale in the Blue Mountains in the last 3 years (Source: PriceFinder 16th May 2025). Amazing result by the team at Ray White Upper Blue Mountains. About the campaign 55 Hargraves Street, Blackheath achieved a record-breaking … Read more
Australian property prices continued their remarkable acceleration in May 2025, with house prices rising 0.7 per cent to reach $926,806, delivering annual growth of 5.2 per cent. Unit values advanced 0.6 per cent to $687,144, achieving 4.5 per cent year-on-year appreciation. The momentum that began with January’s recovery has intensified … Read more