National Auction Market Officially Kicks Off
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National Auction Market Officially Kicks Off

Major capitals slow off the mark in two-speed market.

By Terry Christodoulou
Mon, Jan 31, 2022Grey Clock 2 min

The 2022 home auction year has officially commenced.

While the weekend saw mostly positive results for early-season sellers the two-speed national market is intensifying.

Adelaide, Canberra and Brisbane’s markets have carried its momentum from the latter stages of 2021 into the new year with strong clearance rates this weekend reporting 88.4%, 74.0% and 86.1% respectively.

Elsewhere, the major markets of Sydney and Melbourne are stuttering, reporting lower clearance rates when compared to the same weekend last year at 65.8% and 68.5% respectively.

The national auction market reported a clearance rate of 76.6% at the weekend which was similar to the 76.0% reported over the final auction weekend of 2021 but lower than 77.7% recorded over the same weekend last year.

The number of listings that went to auction over the weekend was 836, higher than the 690 auctioned over the same opening weekend last year.

Sydney’s aforementioned clearance rate of 65.8% is well down on the 81.1% recorded over the same opening weekend last year.

Despite surrounding covid concerns and distractions, a season-opening record 318 homes were listed for auction at the weekend — up on the 138 auctioned over the same opening weekend last year.

The NSW capital recorded a median price of $1,380,000 for houses sold at auction at the weekend which was lower than the $1,580,000 reported over the final auction Saturday of 2021 but 10.8% higher than the $1,246,000 recorded over the same weekend last year.

Melbourne’s clearance rate of 68.5% was also down on the 84.0% recorded over the same weekend last year.

A total of 250 homes were reported listed for auction at the weekend – lower than the 308 reported over the same weekend last year.

The Victorian capital recorded a median price of $873,000 for houses sold at auction at the weekend which was lower than the last weekend in December’s $1,000,000 and 4.3% lower than the $912,500 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