Auction Market Still Strong In Spring
The auction market is building momentum.
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previous 79.3% — a result of higher proportion of withdrawals from higher listing numbers – 28.7% of reported auctions withdrawn compared to the previous weekend’s 18.9%.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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The four-bedroom home “blends historic architecture, soaring open-plan living spaces and every possible contemporary comfort”
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A unique home on the outskirts of London within a former chapel that had a starring role in the hit TV series “Call the Midwife” is on the rental market for £39,000 (US$48,568) per month.
The four-bedroom home was carved out of St Joseph’s Missionary College, which, founded in 1871, trained young Catholic priests to work as missionaries abroad, according to listing agency Dexters.
Before its conversion to a lavish private residence, the college’s chapel had a starring role as nursing convent Nonnatus House in the first two seasons of the feel-good BBC show, which focuses on a church-funded midwifery in the 1950s and 1960s, based on the bestselling memoirs of Jennifer Worth, a former London nurse.
When the historic college was sold for redevelopment in 2013, and production of “Call The Midwife” transferred to a studio set, the chapel—along with the rest of the building—was born again.
Dexters
Still going by the apt moniker of the Chapel, the home is the centrepiece of the site, which is now a gated development known as St Joseph’s Gate, said Dexters, which brought the home to the market in late February.
The home spans almost 10,000 square feet and “blends historic architecture, soaring open plan living spaces and every possible contemporary comfort,” said Andy Christophi, director of Dexters Finchley.
The chapel’s nave is now the dramatic heart of the home, complete with a 45-foot high vaulted timber ceiling.
The vast open-plan area—which also has columns and gothic-style arches—has a handcrafted kitchen, temperature-controlled wine storage, a curved living area with Victorian windows and enough space to easily host 30 at a dinner table, the listing said.
Above, a mezzanine bedroom has been constructed to appear as though floating above the main living area below.
The home also has a gym, a spa area with a sauna and steam room, and a media room.
“Perfect for a family that loves to entertain, its use as a filming location…makes it particularly iconic, and means you’ll never run out of dinner party conversation,” Christophi said.
This stylish family home combines a classic palette and finishes with a flexible floorplan
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