Buyers Shrug Off Worries In Auction Market
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Buyers Shrug Off Worries In Auction Market

Inflation and rate rise rumours no worry for buyers.

By Terry Christodoulou
Mon, Feb 14, 2022Grey Clock 2 min

Another big weekend for auctions saw Sydney and Melbourne’s markets revive following a flurry of activity — closing out the highest reported clearance rates in both markets since last spring.

The national auction market reported a clearance rate of 81.6% at the weekend — higher than the 79.1% reported over the previous weekend, yet lower than the 84.0% marked over the same weekend last year.

It comes as the national auction figures ascended to 1977 auctions from the previous weekend’s 1362 — and well ahead of the 1391 reported the same weekend last year.

Sydney has reported another strong result of 79.5% at the weekend — slightly down on the 80.4% reported last weekend but still significantly below the 89.1% recorded over the same weekend last year.

Further, the NSW capital recorded 784 homes listed for auction at the weekend — up on the 563 listed the previous weekend and a February record.

Sydney recorded a median price of $1,835,000 for houses sold at auction at the weekend which was higher than the $1,760,000 reported over the previous weekend and 20.3% higher than the $1,525,000 recorded over the same weekend last year.

In Melbourne, buyers continued to engage in the market in consistent numbers.

The Victorian capital saw a clearance rate of 72.3% — lower than last weekend’s 74.0% and below the 79.8% recorded this time last year.

A total of 888 homes were reported listed for auction at the weekend – well above last weekend’s 491 but also significantly higher than the 698 auctions over the same weekend last year.

Melbourne recorded a median price of $1,090,000 for houses sold at auction at the weekend which was higher than last weekend’s $914,500 and 9.8% higher than the $992,000 recorded over the same weekend last year.

Data powered by Dr Andrew Wilson, My Housing Market.

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The waterfront residence is one of Port Stephens’ finest homes.

By Kanebridge News
Fri, Aug 12, 2022 2 min

In the coastal township of Salamander Bay — nearby to Port Stephens — comes a unique home crafted to take full advantage of unbroken ocean vistas across three levels.

With one-of-a-kind flair, the stunning 5-bedroom, 3-bathroom, 3-car garage home of 52 Randall Drive Salamander Bay is nestled on a private 577sqm plot, optimised through intelligent design to take advantage of the Port Stephens landscape and lifestyle.

Within the home sees the typically coastal textures of natural oak floor and timber feature walls take hold while stone and tiled adornments add layers of luxury.

The open plan living, kitchen and dining areas incorporate a fireplace and near floor-to-ceiling glass that opens to create a seamless indoor-to-outdoor dining and entertaining space on the home’s top floor.

The heart of this area is the kitchen, centred around a marble-topped island, state-of-the-art European appliances and an attached bar area, with built-in refrigeration, accompanied by a butler’s pantry.

Also here comes a grand outdoor spa, central to the balcony, while another outdoor entertaining area with a pizza oven is found on the middle floor.

Downstairs once again comes a second living space replete with the perfect wine cellar — cooled by the natural rock foundation of the home — offering an array of entertaining options

Of the home’s accommodation comes a private and luxurious master retreat with expansive ocean views, a walk-in wardrobe and an ensuite, here, speckled with grey terrazzo tiling and timber joinery vanities.  A further four bedrooms are found throughout the home along with two family bathrooms rounding out the offering.

Less than a five-minute walk from nearby amenities of shops, restaurants, cafes and beaches the home offers the best of the Port Stephens area.

The listing is with PRD Port Stephens’ Dane Queenan (+61 412 351 819) and Erin Sharp (+61 499 912 311) and is heading to auction; prd.com.au