Christmas Rush Imminent As Auction Listings Double
More than 4000 properties are slated for auction this week.
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The balance between home buyers and sellers is set to dramatically shift this week as a record number of homes go to auction across the country.
The number of homes set to go under the hammer has surged to 4354 this week as Sydney, Adelaide and Canberra posted their largest auction volumes ever, according to CoreLogic.
Auction listings have jumped by 17% nationwide over the week and have doubled the number recorded this time last year, as vendors want to get deals done before the Christmas break.
It’s also the first-time auction listings across the combined capitals will exceed 4000, overtaking the previous high of 3990 during the week ending March 25, 2018.
Melbourne is set to lead the charge with 1898 homes – a 14.5% rise over the week, more than double the number of auctions this time last year.
Sydney, Adelaide, and Canberra are set to host their highest auction volumes on record with 1656, 308 and 183 homes scheduled to go under the hammer.
Auction volumes bottomed out nationally in September and have climbed around 10% each week for a total increase of more than 200%.
The high number of properties for sale has dampened buying competition and has resulted in a falling clearance rate.
Since its peak of 83.2% in October, the clearance rate has dropped to 70.3% this week – similar to last year’s figures.
Across Sydney, the clearance rate for the week dropped to 68.7% — its lowest level this year.
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
Former Aussie Rules player Jeff Chapman’s dream beach house, which has had its praises sung by The Independent in the UK, is back on the market with a revised – and more competitive – price guide.
The contemporary pavilion-style residence Alinghi, created by celebrated architect James Grose, was voted one of the top five beach houses in the world by the British newspaper and has been operating as a luxury holiday rental earning up to $7000 a week.
The one-time Melbourne forward and founder of Bennelong Funds Management, and his wife Carena Shankar, listed the five-bedroom getaway back in mid 2024 with hopes of about $8 million. The prestige property is now back with new agent Pauline Karatau of Ray White New Farm and the amended guide now sits at $6.5 million.
As part of the private 5ha Rocky Point estate, at the southern end of the Great Barrier Reef overlooking Honeymoon Bay, the glamorous holiday home shares not only a private beach with just four other neighbours, but also a 30m saltwater pool, a full-size tennis court, a beach cabana with barbecue facilities and a full-time live-in caretaker on site.
Alinghi seemingly floats against the cliffs of North Queensland’s Capricorn Coast consisting of two pavilions and shallow reflections pools for ultimate serenity. Residence number 5 is home to a two-storey main pavilion with large living spaces spilling onto semi-enclosed areas framing enviable ocean views. Upstairs there are four bedrooms, including two with ensuites. The second pavilion is a private retreat housing the main bedroom suite with an additional study or wellness space.
Crafted by Grose to leave minimal impact on its natural environment, the house features external materials sourced locally including rich cedar, plus glass and Travertine stone specifically chosen to blend and weather with the landscape over time.
The low maintenance property is also relatively self sufficient thanks to water tanks collecting the region’s abundant rainfall. Despite it’s northern Queensland address air-conditioning is an after-thought due to the clever cross-ventilation design principles and deliberate orientation capturing ocean breezes that flow through the large footprint.
Alinghi’s external lightning has also been carefully designed to be low voltage with minimum impact upon the local wildlife including wallabies, echidnas, goannas, turtles and even a diverse range of native birds. From the private terraces throughout winter, homeowners can also track the migratory whales.
Alinghi is a 90-minute drive away from Agnes Waters and its sister town of 1770 (also known as Seventeen Seventy). It is approximately 120kms from Bundaberg, which is home to a well-serviced domestic airport.
Alinghi is listed for sale with a price guide of $6.5 million via Ray White New Farm agent Pauline Karatau on 0418 733 773.
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.
