Auction Markets See Mixed Results Following Holiday Distractions
With Sydney recording its lowest clearance rate of the year.
2 min
Following on from two weeks of Easter and Anzac Day distractions, capital city auction clearance rates were mostly steady at the weekend.
The national auction market reported a clearance rate of 73.1 % at the weekend which was lower than the 74.9% reported the previous weekend and well below the 83.3% recorded over the same weekend last year.
Across the country, auction numbers were predictably higher at the weekend – with 2231 listed compared to the previous holiday weekend’s 1460. However, it was lower, marginally, than the 2287 reported over the same weekend last year.
Sydney clearance rates were the lowest for the year so far with a surge in post-holiday listings.
The NSW capital reported a clearance rate of 64.5% at the weekend – similar to the 64.6% effort of last weekend but well below the 84.6% recorded over the same weekend last year.
A total of 822 Sydney homes were listed for auction on Saturday — higher than the 634 auctioned over last weekend’s holiday break but well below the 934 listed on the corresponding weekend last year.
Sydney recorded a median price of $1,765,500 for houses sold at auction at the weekend which was higher than the $1,525,000 recorded last weekend and 11.0 % higher than the same weekend last year’s $1,590,500.
Melbourne out-performed Sydney this weekend with a clearance rate of 71.8% on Saturday – similar to the 71.5% record over the previous weekend yet lower than the 80.1% recorded over the same weekend last year.
The Victorian capital saw 1116 homes were reported listed at the weekend which was predictably significantly higher than the 577 reported over the previous holiday weekend and also higher than the 1034 listed over the same weekend last year.
Further, Melbourne recorded a median price of $1,051,000 for houses sold at auction at the weekend which was higher than the $907,500 reported last weekend and also 5.0% higher than the $1,001,000 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
Prince Albert House is a stately Federation manor showcasing just how Mosman’s grand architectural past can be expertly coupled with a contemporary renovation.
Surrounded by some of Mosman’s greatest estates, the regal residence once known as Candida underwent a rebranding and a significant renovation several years ago before it last changed hands in 2016 for $10 million.
Today’s vendors, publican Matthew Fallon and his partner Tamara Martin, have engaged Michael Coombs and Tia Naris of Atlas Lower North Shore to market the property with the auction guide sitting at $15.75 million.
Only the fourth owner in the property’s 117-year history, Fallon is one of three brothers behind The Buena in Mosman. Matthew, Luke, and Tim Fallon bought the Middle Head Rd watering hole Buena Vista Hotel in 2015 for more than $13m before renaming it.
Sitting on 1254sq m of estate-like grounds on Prince Albert St, one of Mosman’s most sought-after streets, this stately house is a blend of old-world charm meets modern luxury, coupled with enviable views of the iconic Harbour Bridge and water.
The period property’s transformation was initiated by the previous owner, recruitment boss Jeromine Alpe, who enlisted Giles Tribe Architects for the bulk of the renovations. Fallon and Martin added their own personal touches later on.
“This is a really beautiful house with lots of space. So many Federation homes have pokey rooms and a difficult layout but this one has been really opened up to be a historic home with a very modern floor plan,” said Coombs.
Inside, Prince Albert House has a host of charming historic detail paying homage to its Federation roots including high ornate ceilings, intricate leadlight windows, and grand marble fireplaces. The 21st Century additions like the Calacatta marble kitchen with custom butler’s pantry and seamless connections to the great outdoors are also perfectly suited to today’s must-have Sydney lifestyle.
The large layout features formal living and dining rooms with bay windows, casual family zones and big bedrooms with built-ins. In the primary bedroom suite, separated from the rest of the house on the first floor, there is a walk-through wardrobe to a deluxe bath ensuite as well as two balconies, a sitting area and an adjoining home office. Two more bedrooms also feature ensuites.
Resort style amenities of the Mosman property include a swimming pool surrounded by manicured gardens, sandstone feature walls, a gym with a sauna and ensuite, plus a large wine cellar.
Close to a long list of lifestyle locations, the house is near family-friendly harbour beaches, Taronga Zoo, Mosman’s shopping precinct, coveted schools and city ferries.
Prince Albert House at 13 Prince Albert St, Mosman is currently listed with Michael Coombs of Atlas and is scheduled to go to auction on November 2.
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.
