June Auction Markets Finish On A High
Sydney lockdowns could see a change in fortunes.
Sydney lockdowns could see a change in fortunes.
The auction markets continued to post extraordinary results despite the looming and eventuating COVID lockdown measures enacted in Sydney.
A total of 2553 homes were listed for auction in state capitals on Saturday which was lower than last weekend’s record June offering of 2888 – yet, well ahead of the 1150 auctioned over the same weekend last year.
Across the country, clearance rates were generally higher at the weekend, with a national clearance rate of 82.5%, marginally higher than last weekend’s 82.3% and well ahead of the 67.8% reported over the same weekend last year.
Despite Saturday’s national clearance rate being the highest in the past seven weeks, the outlook is cloudy with Sydney COVID lockdown now in full force.
Sneaking in before lockdown, Sydney’s recent weekend auction market produced more remarkable results with a clearance rate of 83.0% on Saturday. This result was higher than the previous weekend’s 80.8% and well ahead of the 68.5% recorded over the same weekend last year.
The NSW capital reported 958 auctions on Saturday which was lower than the previous weekend’s 1036 but well above the 529 recorded over the same weekend last year.
Sydney recorded a median price of $1,550,000 for houses sold at auction at the weekend which was lower than the $1,610,000 reported over the previous Saturday but 14.8% higher than the $1,350,000 recorded over the same weekend last year.
Melbourne’s auction market, with lockdown measures easing, looks to be rising.
A total of 1320 homes were listed to go under the hammer on Saturday, below last weekend’s June record 1566 but well ahead of the 527 auctioned over the same weekend last year.
Melbourne recorded a clearance rate of 79.0% – well ahead of the previous weekends 74.4% and the 61.5% recorded over the same weekend last year. This Saturday was the highest reported in the Victorian capital since May 8.
Further, Melbourne recorded a median price of $1,000,000 for houses sold at auction at the weekend which was higher than the $979,000 recorded over the previous weekend and 22.7% higher than the $815,000 recorded over the same weekend last year.
Data powered by Dr Andrew Wilson of 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.
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.