June Auction Markets Finish On A High
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June Auction Markets Finish On A High

Sydney lockdowns could see a change in fortunes.

By Kanebridge News
Mon, Jun 28, 2021Grey Clock 2 min

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.

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By Robyn Willis
Fri, Aug 19, 2022 < 1 min

Treechangers seeking a home and income should take note of this west coast property in picturesque Pickering Brook in the Perth Hills, which comes with its own live-in residents.

Known as ‘the Margaret River of the Hills’ the area boasts stunning bushland while being just 30 minutes from all the amenity Perth has to offer.

With eight bedrooms and 10 bathrooms, this property is a home and business, operating as a thriving day spa, Hidden Valley Eco Lodges and Day Spa.

The private main residence is made of rammed earth for thermal comfort and has three bedrooms, luxurious bathroom and a large open plan living area. A private jacuzzi on the spacious entertaining deck is the perfect spot for enjoying beautiful bushland views at the end of a long day.

For day spa guests, there are four deluxe spa treatment rooms serviced by qualified staff, a reception area and lounge plus a commercial kitchen. Overnight guests can choose from five lodges with fully equipped kitchen and heated jacuzzi. As a going concern with a consistently high annual turnover, it’s a unique opportunity for the right buyer.

Set over 5.46ha, the property is also home to a very special group of residents: a small herd of alpacas, which are included in the sale.

Price guide: $6.5 million

Inspection: By expression of interest

Agent: Susanne Broido, The Agency 0499 770 237