The Illawarra's red-hot property market is showing no signs of cooling off as Belle Property Wollongong released 22 properties on the market at the weekend, to be auctioned on June 19.
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Celebrity auctioneer Damien Cooley, who has twice performed a winning auction on The Block, will be wielding the hammer at the event, which is likely to attract hundreds of buyers.
Belle Property Wollongong director Darren Kay said there would be several properties on offer but expected a five-bedroom designer home at 15 Taylor Place, Corrimal, to be the top performer.
"That is my pick of the properties, it will be at the $1.5 million to 1.7 million mark," Mr Kay said.
"We've got a couple of penthouses in Wollongong that will be above a million as well as some studios and investment properties at the $200,000 to $300,000 mark, so we've got quite a broad spectrum [on offer]."
The release comes off the back of a bumper weekend for property sales, including a four-bedroom home in Phillip Street, Thirroul, that sold at auction for $1.29 million on Saturday.
The contemporary home, listed with One Agency Denison-Pender Property at a price guide of more than $1.1 million, boasted panoramic ocean views.
Belle Property Wollongong's 2014 figures state the average price in a private treaty sale was $646,000 after 47 days on the market, compared with an average $712,000 and 27 days on market for properties auctioned in the same period.
In the past six to eight weeks, the Belle Property Group has recorded an auction clearance rate of between 88 and 94 per cent.
Despite Sunday's release falling short of the Wollongong agency's record auction campaign for 27 properties in 2014, Mr Kay said people were still keen on the hot auction market.
"People are trying to take advantage of the good market conditions, obviously, even though things are good and they are not predicted to change," he said.
"I truly believe there is still a little bit of kick, a bit of run left in the market, whilst interest rates are down, unemployment is high and there is influence from Asia.
"I don't see that changing unless the world economy kick-starts and I don't expect that is going to happen in the immediate future."