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Big Property Deals Keep Coming

Fewer properties may have sold in 2022 but that hasn’t stopped plenty of big-ticket transactions going ahead.

The latest Best of the Best report shows there were 535,000 property sales in the past 12 months.

CoreLogic head of research Eliza Owen says that compares to the 620,000 properties sold during the first year of the pandemic.

She says there were many high-end sales in the past year with the top ten sales totalling $386.3 million, with seven of those sales in New South Wales.

The most expensive sale in Australia during the year was in Wentworth Road, Vaucluse, with a house selling for $62.75 million in February.

Other sales to make the top ten were a home in Orrong Road, Toorak,  which sold for $38.5 million; a property in Arakoon Crescent, Sunshine Beach, which sold for $28.5 million; and another in Noosa Parade which sold for $27 million.

Bingara in the New England region of NSW recorded the highest growth for houses nationally of 36.2%.

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