Flood Of Listings Hits The Auction Market
Clearance rates hold firm despite the deluge.
Clearance rates hold firm despite the deluge.
Auction markets across the country surged this weekend with buyers and sellers enjoying the restriction-free access to housing markets following the easing of covid lockdowns.
The surge in listings had little effect on buyer activity with formidable results continuing in all capitals.
The national weekend clearance rate sat at above 80% for the eighth consecutive weekend and although lower than the previous weekend’s 84.7% is still well above the 73.9% reported over the same weekend last year.
National auction numbers were higher at the weekend – up from the previous Saturday’s 2048 to 2424 – and well ahead of the 1261 auctioned over the same weekend last year.
The Sydney market is back above 80% — bouncing back from the previous weekend’s 77.0% and also above the 79.1% for the same weekend last year.
The results comes despite a lift in auction numbers with 887 homes listed for auction – up on the previous weekend’s 721 and well above the 768 auctioned over the same weekend last year.
Auction numbers were the highest since the lockdown impacted market in early July.
Sydney recorded a median price of $1,900,000 for houses sold at auction at the weekend which was well above the $1,685,000 reported over the previous Saturday and 25.8% higher than the $1,510,000 recorded over the same weekend last year.
Melbourne continued its strong run out of lockdown with a clearance rate of 80.5% over the weekend – similar to the previous weekend’s 80.4% and higher than the 78.0% recorded over the same weekend last year.
A total of 1193 homes were listed for auction at the weekend — higher than the 994 reported over the previous weekend and well above the 395 auctioned over the same weekend last year.
Melbourne recorded a median price of $1,145,000 for houses sold at auction at the weekend which was higher than the $1,048,000 recorded over the previous weekend and 27.4% higher than the $898,500 recorded over the same weekend last year.
Auction markets continue to report strong results for most sellers despite a wave of new listings reflecting the recent end of lockdowns. Buyer depth however will be tested over coming weekends as the end of year rush-to-market by sellers continues.
Data powered by Dr Andrew Wilson, My Housing Market.
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.
Whimsy Farm is a playful period estate positioned in Byron Bay’s picturesque hinterland.
Tucked away in Byron Bay’s coveted hinterland, Whimsy Farm is a traditional rural homestead surrounded by more than 16ha of lush fertile grounds with equestrian facilities and a host of whimsical additions including a fairytale-inspired maze.
Just listed with Sotheby’s International Realty Byron Bay, agents Denzil Lloyd and Will Phillips are running an expressions of interest campaign on the glamorous getaway with a price guide of $5.25 million to $5.75 million.
The romantic estate in Federal, 25 kms from Byron Bay dates back more than a century, but has been meticulously renovated by its current owners to attain modern day dream home status.
Back in 2016, the enviable property even featured on Foxtel’s short-lived reality TV show I Own Australia’s Best Home. The picturesque parcel has also been appreciated by location scouts and has appeared in a long list of fashion brand and magazine shoots such as Country Style and Queensland Homes.
Owner Melinda Boundy, founder of boutique interiors firm Melinda Boundy Design, was instrumental in reviving the historic Federal homestead. She has described the rural property as a “a respite from the world” where she and her husband have raised their two sons over the past decade.
“I brought my boys down 10 years ago to nurture their creativity, their boyhood,” Boundy said in a recent Instagram post announcing the impending sale.
“We found our farm with its double-storey treehouse and 40 acres the perfect place for two young boys to thrive.”
In addition to hiring out the estate for formal events, Boundy said the family had celebrated several milestones at the address.
“Many parties, sleepovers, friends staying and events have been held [here]. It has seen the filming of a TV show or two, music videos, location shoots and weddings,” she added.
“Now it’s time to pass the baton to another family to share the magic and wonderment of this beautiful compound.”
Lloyd agreed that the listing is a magical estate, ripe for the picking.
“It’s a wonderland. There’s the maze, but it’s also got the treehouse, teepee, dams, beautiful established veggie gardens and it’s perfect for those who love horse riding,” Mr Lloyd said.
“It really is an oasis with plenty of classical charm as well. It’s not an ostentatious home; it’s an original Queenslander from 1910.”
Living up to its storybook name, Whimsy Farm is home to a preserved traditional Queenslander residence with five bedrooms, plus a freestanding guest cottage. There is also a separate pool house and a combined shed or office on site, all capturing scenic hinterland views.
The main single-storey residence has a choice of entertaining spaces inside and out as well as bedrooms opening to private alfresco areas. A grand kitchen and the large living room both open to a vast terrace and pool area.
In the primary bedrooms suite there is a bay window overlooking the natural surrounds, an ensuite with double vanities, and out on the covered deck an outdoor bathtub is an idyllic spot for soaking under the stars.
The playful property has also operated as a holiday rental and offers up unique bonus features including a solar-heated semi circle pool, a double-storey treehouse, a teepee, horse stables, paddocks and a an Olympic-sized dressage arena.
A true tree change destination, the Federal address is home to 10 acres of regenerated forest, eight water tanks, two lagoons, extensive raised veggie gardens and a citrus orchard.
It is conveniently located a scenic 30-minute drive to Byron Bay and 20 minutes to Bangalow.
Whimsy Farm at 711 Federal Dr, Federal is listed through Sotheby’s International Realty Byron Bay through an expressions of interest campaign closing February 20, 5pm.
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.