Lockdown Has Little Effect On Clearance Rate
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Lockdown Has Little Effect On Clearance Rate

The home auction market soldiered on despite digital auctions and mid-winter blues.

By Kanebridge News
Mon, Jul 12, 2021Grey Clock < 1 min

Despite lockdowns in Sydney, the national auction market has seemingly skipped past the usual mid-winter slowdown with 2009 homes reported auction on Saturday, July 10.

This result was higher than last weekend’s 1869 listings and more than double the same weekend last year.

The higher auction numbers failed to slowdown buyer activity with the national market reporting a strong clearance rate of 79.5% –  just below the previous weekend’s 79.8%.

Sydney’s auction market is holding on despite the lockdown. Although reporting a year-to-date clearance rate low on Saturday of 76.6%, the figure was just below the 76.9% reported last weekend and well ahead of the 64.6% recorded on the same weekend last year.

782 auctions were reported listed in Sydney on Saturday which was just below the previous weekend’s July record 792 auctions and well above the 452 recorded over the same weekend last year.

Sydney recorded a median price of $1,631,000 for houses sold at auction at the weekend –  well ahead of the $1,500,000 reported over the previous Saturday.

Melbourne’s auction ate was steady at the weekend, with a surge of mid-winter listings.

The Victorian capital Melbourne recorded a clearance rate of 76.7% which was just below the previous weekend’s 76.9% but well ahead of the shutdown impacted the 44.9% of the same weekend last year.

A July record of 977 homes were listed to go under the hammer on Saturday –  well ahead of last weekend’s previous record 853 auctions.

Melbourne recorded a median price of $983,000 for houses sold at auction at the weekend which was lower than the $1,092,000 recorded over the previous weekend and  29.3% higher than the $760,000 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