August Auctions Start Strong
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August Auctions Start Strong

However, there are signs of the market easing.

By Kanebridge News
Mon, Aug 9, 2021Grey Clock < 1 min

The August period commenced with strong results for sellers despite some signs of COVID-related easing. 

A total of 2100 auctions were reported nationally – a record for an August Saturday if down on the previous weekend’s (July) 2203.

The national clearance rate fell at the weekend, down to 81.5%, the figure remains robust and representative of ascendent markets.

Of the capitals, Sydney’s clearance rate climbed to its highest level since June (83.0%) against drops in Melbourne (71.7%), Brisbane (77.4%) and Adelaide (84.8%), with Canberra steady reporting the top result of 90.8%.

The Sydney rate reflected limited stock levels with 532 homes auctioned on Saturday – down from the 623 listed the previous weekend and lower than the 577 offered on the same weekend last year.

Sydney recorded a median price of $1,695,000 for houses sold at auction at the weekend — lower than the $1,700,661 reported over the previous Saturday but 27.7% higher than the $1,327,500 recorded over the same weekend last year.

Melbourne’s auction market trended down despite a surge of listings – 1301 homes reported at the weekend, an unprecedented amount for a Saturday in August. 

The lower clearance rate was also impacted by an increase in shutdown-related withdrawals – up 29.5% from the previous weekend’s 15.1%.

Melbourne recorded a median price of $960,000 for houses sold at auction at the weekend –  similar to the $967,000 recorded the previous weekend and 12.8% higher than the $851,000 recorded on the same weekend last year.

Powered by Dr Andrew Wilson, 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