National Auction Market Stutters
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National Auction Market Stutters

Fewer listings and market distractions keep results stagnant.

By Terry Christodoulou
Mon, Mar 14, 2022 11:18amGrey Clock 2 min

The national auction market reported a clearance rate of 73.8% at the weekend – similar to the previous weekend’s 73.8% but well below the 85.3% recorded over the same weekend last year.

National auction numbers were lower at the weekend — with wild weather and Labour Day holidays driving the dip in numbers. The market saw 1585 homes listed for auction nationally compared to the 2377 of the previous weekend and well below the 1903 reported for the same Saturday last year.

Despite the meek showing, auction markets are set to return at full pace next weekend as regions recover from flooding and are free from holiday distractions.

The Sydney auction market recorded a clearance rate of 69.8% at the weekend – well below the 76.6% of the previous weekend and a stark comparison to the 90.6% recorded over the same weekend last year.

The NSW capital recorded 884 listings — which is up on the previous weekend’s 841 and well ahead of the 716 auctioned over the same weekend last year.

Sydney recorded a median price of $1,605,500 for houses sold at auction at the weekend – lower than the $1,915,000 reported over the previous weekend and 3.6% higher than the $1,550,000 recorded over the same weekend last year.

Melbourne’s market posted a clearance rate of 70.3% on Saturday – lower than last weekend’s 73.8% and remained well below the 81.5% recorded over the same weekend last year – a non-holiday weekend.

The Victorian capital reported 423 homes listed for auction, which is well down on the previous weekend’s 120 and significantly lower to last year’s non-holiday 9878 auctioned over the same weekend last year.

Melbourne recorded a median price of $1,008,000 for houses sold at auction at the weekend — lower than last weekend’s 1,170,000 but 2.9% higher than the $980,000 recorded over the same weekend last year.

Data powered by Dr Andrew Wilson, My Housing Market.



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Jennifer Lopez and Ben Affleck have officially put their massive Los Angeles mansion on the market for $68 million.

The lavish Beverly Hills property hit listing sites on Thursday, months after rumours began that the couple, who are reportedly estranged , were shopping the home around only a year after buying it for nearly $61 million.

The roughly 5-acre property—which is in a gated community and spans a massive 38,000 square feet—includes an indoor sports court with an adjacent gym and games room, according to the listing with Santiago Arana of the Agency. The firm declined to comment.

Lopez and Affleck paid $60.8 million for the compound in 2023.
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Built in 2000, the house has 12 bedrooms and a whopping 24 bathrooms. The resort-sized property has the amenities to match, including a V-shaped pool with views over the surrounding hills, a detached two-bedroom guardhouse and a 5,000-square-foot guest penthouse, according to the listing.

Listing images of the house show that Lopez and Affleck have spent the past year warming up what were fairly white-washed interiors when they purchased the home. There’s now a rich, green-painted dining room, hardwood floors and carpeted over cold, polished-stone flooring.

The couple, who got married in 2022 after reuniting some 20 years after they called off their engagement in the early 2000s, purchased the megamansion following a house hunt that went on for several months, The Wall Street Journal reported at the time.

Representatives for Lopez, 54, and Affleck, 51, did not immediately respond to requests for comment.

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Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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