Auction Markets Feel COVID’s Bite
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Auction Markets Feel COVID’s Bite

Tightened restrictions clearly impacted auction markets in Australian capitals.

By Terry Christodoulou
Mon, Aug 16, 2021 10:05amGrey Clock < 1 min

A total of 1872 auctions were reported nationally at the weekend (August 14), well below the previous weekend’s record August offering of 2100 but above the 725 auctioned over the same weekend last year.

The steep decline in national listings was largely caused by Sydney and Melbourne’s COVID lockdowns, listing 472 and 1138 auctions respectively.

The national clearance rate fell at the weekend down to 78.2% from 81.5% the previous weekend.

Sydney reported a strong clearance rate of 83.0% at the weekend – equal to last weekend’s result and well ahead of the 65.9% recorded over the same weekend last year.

It marks the first time the NSW capital has recorded consecutive weekend clearance rates above 80% since June, however it reflects fewer choices available for buyers.

Sydney recorded a median price of $1,626,250 houses sold at auction at the weekend – lower than the 1,695,000 reported the previous Saturday but 22.3% higher than last year’s figure.

Melbourne’s auction market tracked backwards reflecting the impact of lockdown restrictions.

The Victorian capital recorded a clearance rate of 66.0% on Saturday, well below the previous weekend’s 71.7%.

The result is Melbourne’s lowest clearance rate since October 17 2020, impacted by a high number of withdrawals – up to 41.5% from the previous weekend’s 29.5%

While listing numbers fell from 1301 to 1138, there is still considerably more volume in the market than this time last year, the corresponding 2020 weekend reporting just 124 auctions.

Melbourne recorded a median price of $1,085,00 houses sold a auction at the weekend – higher than the $960,000 of the previous weekend and 39.6% above the same weekend last year.

Data powered by Dr Andrew Wilson, My Housing Market.



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11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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Property of the Week: 8-10 Howard St, Kew

Home to Sir Robert Menzies and Dame Pattie, this grand Melbourne estate is a piece of Australian political history.

By Kirsten Craze
Mon, Feb 17, 2025 2 min

It may be a well-worn cliche, but if these walls could talk there would be plenty of state secrets to share. The landmark residence at 8-10 Howard St, Kew was once the private residence of Sir Robert Menzies and Dame Pattie between 1929 and 1949, during the Prime Minster’s first term in the top job. He later held the role again from 1949 to 1966, making him Australia’s longest serving Prime Minister.

Historical land records indicate that the Howard St property was sold to Leonard Clinton Shaw, brother-in-law of Pattie Menzies. Robert and Patti then moved to live into The Lodge in Canberra.

The stately arts and crafts era home was built in the 1910s and has reportedly played host to a long list of dignitaries and VIP guests. As rumour has it, the drawing room of the Kew property is where Menzies crafted his iconic speeches and held many clandestine meetings.

Today the imposing five-bedroom residence, which sits on a vast 1874sq m land parcel in the coveted Studley Park precinct, has come to market through Marshall White agents James Tostevin and Chris Barrett with a price guide of $8.3 million to $8.9 million.

According to CoreLogic, the property last sold in 2018 for $7.75 million.

Beyond the expansive parklike grounds that to pay homage to celebrated Australian landscaper Edna Walling, the two-storey house is packed with meticulously maintained period features.

Showcasing the best of arts and crafts design influences, the home has a charming tuck-point brick façade, a tessellated tile veranda, coloured leadlight glass windows, dark stained wood panelling inside, as well as high decorative ceilings and cornices.

The large foyer divides the lower level into two distinct zones; big formal rooms and more casual family-friendly spaces. Built for entertaining on a grand scale, both the lounge and dining rooms rooms have original fireplaces and open out to either the undercover veranda or enclosed sunroom.

Also on the ground level, a spacious family room with yet another fireplace connects to an everyday meals area, and the contemporary kitchen comes complete with granite surfaces, a Paul Bocuse stove, an integrated Miele dishwasher, a walk-in pantry and wine cellar. A home office, or potential guest bedroom, plus a large laundry and two powder rooms round out the lower level floor plan.

Up via a majestic timber staircase, four big bedrooms have fireplaces and built-in wardrobes, while the primary suite is home to a palatial ensuite and dressing room. This accommodation level also houses two family bathrooms and a rear balcony that overlooks the grounds.

Outdoors there are multiple lifestyle features including a north/south tennis court with lighting, a unique rounds swimming pool and all-weather terraces.

Other features include an alarm, hydronic heating, a 60,000L underground tank, a garden shed, a remote double garage and additional off-street parking.

Located on the old Oakland Estate, the Menzies’ former home is close to popular eateries, Xavier College, St Vincents Private Hospital and golf courses.

 

Expressions of interest close on March 11, at 5pm for 8-10 Howard St, Kew. The home is listed with a price guide of $8.3 million to $8.9 million through agents James Tostevin and Chris Barrett of Marshall White.

MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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