Auction Market Still Strong In Spring
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Auction Market Still Strong In Spring

The auction market is building momentum.

By Kanebridge News
Mon, Sep 20, 2021Grey Clock 2 min

Residential auction markets strengthened in most capitals at the weekend, as the spring selling season gathers momentum, aided by easing covid restrictions.

National auction numbers rose sharply at the weekend – after two weeks of decline – with all capitals reporting an increase in listings. A total of 1272 homes went under the hammer, compared to last weekend’s 1150 and well ahead of the 748 listed this time last year.

The national clearance rate was also up, increasing from last weekend’s 80.5% to 84.9% — the highest since April and the third consecutive increase in the national clearance rate.

Strong clearance rates in Sydney (85.1%), Brisbane (83.7%), Adelaide (89.2%) and Canberra (94.1%) lifted the national clearance rate while Melbourne (72.3%), dropped due to strict restrictions.

In Sydney, the market has stayed hot despite more listings coming to market, with numbers increasing for the fourth consecutive Saturday as 569 homes were offered for sale – up on the previous weekend’s 511.

The clearance rate was just down on last weekend’s 85.2%, but well ahead of the 72.2% recorded over the same weekend last year. It’s now the seventh consecutive weekend with clearance rates above 80%.

Sydney recorded a median price of $1,690,500 for houses sold at auction at the weekend

which was lower than the $1,714,000 reported over the previous Saturday but 31.1% higher than the $1,290,000 recorded over the same weekend last year.

Melbourne’s auction market reported a decline in the clearance rate at the weekend down from the previous 79.3% — a result of higher proportion of withdrawals from higher listing numbers – 28.7% of reported auctions withdrawn compared to the previous weekend’s 18.9%.

Listings increased for the first time in three weekends with a total of 434 auctions compared to the previous weekend’s 414.

Melbourne recorded a median price of $1,000,250 for houses sold at auction at the weekend which was lower than the $1,069,000 recorded over the previous weekend.

Data powered by Dr Andrew Wilson of My Housing Market.

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By Robyn Willis
Fri, Aug 19, 2022 < 1 min

Treechangers seeking a home and income should take note of this west coast property in picturesque Pickering Brook in the Perth Hills, which comes with its own live-in residents.

Known as ‘the Margaret River of the Hills’ the area boasts stunning bushland while being just 30 minutes from all the amenity Perth has to offer.

With eight bedrooms and 10 bathrooms, this property is a home and business, operating as a thriving day spa, Hidden Valley Eco Lodges and Day Spa.

The private main residence is made of rammed earth for thermal comfort and has three bedrooms, luxurious bathroom and a large open plan living area. A private jacuzzi on the spacious entertaining deck is the perfect spot for enjoying beautiful bushland views at the end of a long day.

For day spa guests, there are four deluxe spa treatment rooms serviced by qualified staff, a reception area and lounge plus a commercial kitchen. Overnight guests can choose from five lodges with fully equipped kitchen and heated jacuzzi. As a going concern with a consistently high annual turnover, it’s a unique opportunity for the right buyer.

Set over 5.46ha, the property is also home to a very special group of residents: a small herd of alpacas, which are included in the sale.

Price guide: $6.5 million

Inspection: By expression of interest

Agent: Susanne Broido, The Agency 0499 770 237