Autumn Selling Season Officially Begins
Solid auction returns mark the start of the new season.
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Home auction markets have commenced the autumn selling season with solid results despite reporting generally lower than February.
Severe weather events also distracted activity in some markets — particularly Brisbane — with listings and clearance rates well down on the week before in the Queensland capital from 78.7% the weekend prior to 65.3%.
The national auction market reported a year low clearance rate of 73.5% at the weekend, well down on the previous weekend’s 77.9% and significantly below the 88.5% recorded over the same weekend last year.
National auction volume was also down with 2377 reported listed compared to the previous weekend’s 2627 but well ahead of the 1232 listed the same Saturday last year.
The Sydney auction market reported yet another strong clearance rate despite weather distractions.
Clearance rates have continued to track above the results recorded at the end of 2021 despite record level early-season listings.
The NSW capital recorded a clearance rate of 76.6% at the weekend — lower than the 78.8% reported over the previous weekend and below the 86.6% record over the same weekend last year.
Sydney reported 841 auction listings which, although below the previous weekend’s February record of 965, was well ahead of the 665 reported for the same weekend last year.
Sydney recorded a median price of $1,915,000 for houses sold at auction at the weekend which was higher than the $1,755,000 reported over the previous weekend and 12.4% higher than the $1,704,000 recorded over the same weekend last year.
In Melbourne, the capital reported a clearance rate of 73.8% on Saturday — higher than last weekend’s 71.4% but well below the 80.6% recorded over the same weekend last year.
Melbourne reported 1210 homes listed for auction at the weekend, lower than last weekend’s 1288 but predictably significantly higher than the 405 auctioned over the same weekend last year, which was a Labour Day holiday weekend.
The Victorian capital recorded a median price of $1,170,000 for houses sold at auction at the weekend which was lower than last weekend’s $1,187,000 but 6.4% higher than the $1,100,000 recorded over the same weekend last year.
Data powered by Dr Andrew Wilson, My Housing Market.
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
2 min
Former Google CEO Eric Schmidt is selling his Northern California estate, which was listed Monday for $24.5 million.
Located in Atherton, an extremely affluent town northwest of Palo Alto and about 30 miles south of San Francisco, the 3.36-acre property is made up of three parcels that Schmidt acquired over the years, according to public records and Compass, who has the listing.
Schmidt, 69, and his wife, businesswoman Wendy Schmidt, purchased the main home in 1990 for $2 million, according to public records accessed via PropertyShark. They remodelled the 1969 home in 2007, and at that time, bought a neighbouring parcel of land, allowing an expansion of the main house and the addition of a guest house, according to Compass, who holds the listing. A third parcel was later acquired, on which the Schmidts added an English garden house and landscaped grounds overlooking the Eastern Hills.
“Finding three contiguous parcels in Atherton is rare. Even rarer are those with views of the Eastern hills,” said listing agent Katharine Carroll of the reSolve Group at Compass. “The location of this residence is ultra private, at the back of a cul-de-sac with the main house built into a hillside that provides privacy and very good security.”
Across the estate, there are five bedrooms, five full bathrooms and six half bathrooms.
The 5,265-square-foot main house also offers a number of private outdoor spaces on its upper level, including a large terrace off the primary suite, another large terrace off a secondary bedroom, plus a third smaller terrace and two balconies.
Behind the main house is a patio with a pool and spa. For even more outdoor space, there’s an entertaining pavilion, an open lawn and an outdoor fireplace area near the guest quarters.
The grounds themselves are also a standout feature, with an array of mature plants and specimen trees. The upper portion of the property’s landscaping is designed around an Amdega-designed conservatory, which was imported from the U.K. Around the greenhouse, there is a garden of raised beds and fruit trees, Carroll said.
“From the moment you step onto the grounds, it feels as if you’ve been transported to a private botanical sanctuary,” she said.
Schmidt served as Google’s CEO from 2001 to 2011, and then became the company’s executive chairman until 2015. He could not be reached for comment.
This article first appeared on Mansion Global
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
This stylish family home combines a classic palette and finishes with a flexible floorplan
