Intensity Returns To National Auction Market
February auction market begins to heat up.
2 min
The home auction market has intensified into February with most capitals reporting a rise in buyer activity.
Off the back of a dour performance the previous weekend, Sydney and Melbourne reported sharply higher clearance rates at the weekend with the NSW capital breaking 80% with a clearance rate of 80.4%.
The national auction market reported a clearance rate of 79.1% at the weekend — higher than the 76.6% reported over the previous weekend yet lower than the 80.2% recorded over the same weekend last year.
National auction numbers surged at the weekend with 1362 homes listed for auction ahead of the 836 reported last weekend and up on the 1073 reported over the same weekend last year.
Sydney’s strong clearance rate was sharply higher than the 68.5% reported last weekend but still well below the 88.5% recorded over the same weekend last year.
However, the strong result comes despite a record day for February auctions with 563 homes listed for auction on Saturday — higher than last weekend’s 308 auctions.
Sydney recorded a median price of $1,760,000 for houses sold at auction at the weekend which was higher than the $1,380,000 reported over the previous weekend and 25.7% higher than the $1,400,000 recorded over the same weekend last year.
Melbourne reported a clearance rate of 74.0% on Saturday – higher than last weekend’s 68.5% but well below the 81.6% recorded over the same weekend last year.
Yet, despite a surge in listings from the previous week — 491 homes reported listed compared to the season opener of 250 — the weekend rate was the highest reported since November 13, last year.
Melbourne recorded a median price of $914,500 for houses sold at auction at the weekend which was higher than last weekend’s $873,000 but 1.7% lower than the $930,000 recorded over the same weekend last year.
Data powered by Dr Andrew Wilson, My Housing Market.
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Blending brutalist strength with warm, refined interiors, Rumah is a bold architectural statement in Brighton’s coastal enclave — a designer family home where luxury meets liveability.
2 min
Rumah means “home” in Indonesian and Malay, and it’s clear this designer property in Melbourne’s coveted beachside enclave of Brighton is a dream house in any language.
The uber-contemporary residence is a collaboration between builders Belot Property, Seidler Group architects, and the interiors team at Golden.
The result is a modern marvel that combines a brutalist concrete exterior ready to weather its coastal setting with inviting interiors using a mix of textures, from French oak to metal and brick finishes.
Just listed with Kay & Burton Bayside agents, Rae Mano, Matthew Pillios and Jamie Mi, the prestige property is on the market via a private treaty campaign with price expectations of between $10.5 million and $11.5 million.
Created to be a great entertainer while maintaining a level of discreet privacy, Rumah is, at its heart, a warm, family-friendly home that ticks all the boxes for detail-oriented design connoisseurs.
A palette of contradictions, Rumah blends angular and rounded forms, features hard steel and glass, and effortlessly incorporates the earthy finishes of brick and timber for a holistic sensory experience.
Beyond the oversized pivot door sits a large structural column wrapped in gold leaf, setting the tone for the rest of the residence. The three-storey layout offers a choice of multigenerational spaces, from the ground-floor everyday living level to the accommodation wing on the top floor and the large basement “clubhouse.”
At the heart of the home, a gourmet kitchen features a dramatic island bench, high-end appliances, and a full butler’s pantry. Multiple spaces feed off the kitchen, including a vast dining area and a large living room, which both spill out through full-height glazed doors to either a side barbecue terrace or the poolside deck to the rear.
Even the downstairs entertainer’s room – also known as the club – is effectively poolside thanks to an innovative glass viewing window framing swimmers and cleverly connecting the subterranean level to the rest of the home. This games room also houses a sophisticated bar, a wine cellar, integrated night club style lounge seating and a full bathroom.
Additionally, the lower floor features a hidden laundry room, two store rooms, direct access to a huge five-car garage with a convenient turning circle, and an extra bedroom or home office.
Via the private elevator, the top floor is dedicated to after-hours living. It has four spacious bedrooms, each with its own ensuite and walk-in wardrobes. In the luxurious primary suite, there is a hotel-inspired ensuite with a unique kidney-shaped freestanding bath and a dressing room.
Rumah’s added extras include warming indoor and outdoor fireplaces, automatic blinds, feature lighting, marble accents, bespoke wallpaper, built-in bedheads, an external spa and low-maintenance landscaped gardens.
Positioned on the corner of William and Halifax Sts, the 21st-century beach house is opposite William St Reserve, close to Brighton Primary School.
Rumah at 91 William St, Brighton is on the market via private sale with Kay & Burton Bayside and has a sales guide of $10.5 million and $11.5 million.
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