Auction Results On Maintained Ascent
Further record results for the March 13 weekend as the property surge continues.
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In yet another weekend of unprecedented results, Saturday (March 13) saw three capital cities record auction clearance rates above 90%.
Sydney (90.6%), Adelaide (90.9%) and Canberra (93.4%) led the national results.
It is the second time in three weekends that the Sydney market sat above 90%, reporting 716 auctions, a rise on the 655 of the weekend prior and the 644 12 months earlier.
Sydney’s results saw rates of 90.4% for houses and 90.3% for units — with a median house price from the weekend’s results of $1,550,000.
Melbourne, meanwhile, returned from a holiday weekend with a surge in listings. 978 homes were reported for auction, well above last weekend’s 405, though still below the 1090 offered on the same weekend last year.
Melbourne returned a clearance rate of 81.5%, up on last weekend’s 80.6%. The Victorian Capital recorded a median house price of $1,100,000 for weekend sales — up on the previous weekend’s $948,000.
Data powered by Dr Andrew Wilson of MyHousingMarket.com.au
As tariffs bite, Sydney’s MAISON de SABRÉ is pushing deeper into the US, holding firm on pricing and proving that resilience in luxury means more than survival.
Early indications from several big regional real-estate boards suggest March was overall another down month.
The nearly 10,000-square-foot home stands right at the entrance to the Amazon billionaire’s grand, $165 million estate.
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A home that’s right at the entrance to Jeff Bezos’s Beverly HIlls estate, which the billionaire purchased for $165 million in 2020, is now on the market asking $19.8 million.
Shaded by mature olive trees, the three-story modern mansion on Angelo Drive spans nearly 10,000 square feet, and includes five bedrooms, a bar and lounge, a home cinema, a pool with floating benches, and a 15-car garage.
The modern home centers around a striking wood staircase that extends through all three floors, creating an eye-shaped spiral.
Other design choices include a full-height black marble fireplace, herringbone wood flooring, grayscale marble backsplashes in the kitchen and bathroom, banks of floor-to-ceiling windows and a seating area in the middle of the pool.
There is also an outdoor kitchen and eating area poolside, and a living space with sliding doors that open directly onto the pool deck, for indoor/outdoor living.
The home was built in 2021 and designed by Gabbay Architects for the owner, who purchased the underlying property for $4.1 million in 2015, according to property records accessed through PropertyShark.
The seller, who runs a Beverly Hills-based plastic surgery practice, could not immediately be reached for comment.
The Benedict Canyon house came to market Friday with Tomer Fridman of Christie’s International Real Estate. He could not immediately be reached for comment.
The Bezos estate is also known as the Warner Estate, named after its first owner, Hollywood mogul Jack Warner of the Warner Bros.
After Warner, the 9-acre estate was owned by music executive and film producer David Geffen, followed by Bezos. The property includes a palatial Gregorian Revival mansion built in 1939 and designed by architect Florence Yoch to befit the status of one of the most powerful men in Hollywood.
At $19.8 million, the new listing offers quite a deal compared to other properties neighbouring Bezos. In Florida, the owner of a vacant lot next door to the Amazon founder’s estate on Indian Creek Island is asking $150 million for it.
The museum is taking the lead on re-evaluating its art and artifacts to determine where these works came from in the first place.
The Mayfair home, listed for £8.25 million, once belonged to the Earls of Lindsay.
