Intensity Returns To National Auction Market
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Intensity Returns To National Auction Market

February auction market begins to heat up.

By Terry Christodoulou
Mon, Feb 7, 2022Grey Clock 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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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