Unprecedented Weekend Auction Results | Kanebridge News
Kanebridge News
Share Button

Unprecedented Weekend Auction Results

Beyond the majors, Adelaide claims close to 100 per cent clearance rate.

By Terry Christodoulou
Mon, Mar 8, 2021Grey Clock < 1 min

Following last weekend’s bumper results, Saturday, March 6 produced more impressive returns with each capital city recording a weekend auction clearance rates above 80%.

The unprecedented result saw Adelaide (97.1%) and Brisbane (close to 90%) as standout markets.

Sydney, meanwhile, reported a rate of 86.8% down on last weekend’s record-breaking 90.0%, but up on the 90.5% reported over the same weekend last year.

The median price for houses sold at auction in Sydney was $1,704,000, higher than the previous weekend’s $1,645,500 and 17.5% above the $1,450,000 recoded over the same weekend last year.

The upper north shore reported the top clearance rate results at 90.8%.

Despite being a holiday weekend, Melbourne posted another strong Saturday with a rate of 80.6% – slightly lower than the previous weekend (82.0%) but well ahead of the 71.9% reported for the same period last year.

Melbourne recorded a median price of $948,000 for auctioned houses,  lower than the previous weekend’s $1,002,500 Prices however were 10.9% higher than the $855,000 recorded over the same holiday weekend last year.

Data powered by Dr Andrew Wilson of MyHousingMarket.com.au

 

MOST POPULAR

Interior designer Thomas Hamel on where it goes wrong in so many homes.

Following the devastation of recent flooding, experts are urging government intervention to drive the cessation of building in areas at risk.

Related Stories
By Robyn Willis
Fri, Aug 5, 2022 2 min

When people talk about making a seachange, chances are this is the kind of property on the NSW South Coast that they have in mind.

Open for inspection for the first time this Saturday, 24 Point Street Bulli offers rare absolute beachfront, with never-to-be-built-out north facing views of the ocean. Located on the tip of Sandon Point, this two-storey property is a surfer’s dream with one of Australia’s most iconic surf breaks just beyond the back wall.

On the lower floor at street level, there are three bedrooms and two bathrooms, including a family bathroom and an ensuite in the master suite. A fourth bedroom is on the upper floor, along with the main living area, and is serviced by its own bathroom. 

While this would make a spectacular holiday home, it is well equipped for day-to-day living, with a spacious gourmet kitchen and butler’s pantry set into the articulated open plan living area on the first floor. A separate media room to the street side of the property on this level provides additional living space. 

Every aspect of this property has been considered to take in the light and views, with high ceilings internally and spacious, north facing decks on both levels to take in views of rolling waves. If the pull of the ocean is irresistible, it’s just a 100m walk to feel the sand between your toes.

The house is complemented by a Mediterranean, coastal-style garden, while the garage has room for a workshop and two car spaces.

An easy walk to Bulli village, the property is a 20 minute drive from the major hub of Wollongong and just over an hour to Sydney.

 

Open: Saturday August 6 2pm-3pm Auction: Saturday September 3 Price guide: N/A but expected to exceed $5.3m paid in March for 1 Alroy Street 

Contact: McGrath Thirroul – Vanessa Denison-Pender, 0488 443 174