Record Listings Push Clearance Rate Down
An unprecedented number of auctions tested buyer depth.
An unprecedented number of auctions tested buyer depth.
The penultimate weekend auction market for 2021 tested the depth of buyers with a record number of listings.
National auction numbers were significantly higher — rising from the previous Saturday’s 3096 to a new weekend record of 3632 — well ahead of the 2078 auctioned over the same weekend last year.
The high volume of auctions sent the national clearance rate down to 75.4% at the weekend — lower than the 76.8% reported the previous weekend and lower than the 78.4% recorded over the same weekend last year.
Sydney’s market recorded a clearance rate of 67.4% — well down on the previous weekend’s 76.6% and significantly lower than the 80.1% recorded over the same weekend last year.
A record 1371 homes were listed for auction on Saturday— well ahead of the previous weekend’s 1189 and higher than the 870 auctioned over the same weekend last year.
Sydney’s median price of $1,707,500 for houses sold at auction at the weekend was higher than the $1,622,500 reported over the previous Saturday and 20.7% higher than the $1,415,000 recorded over the same weekend last year.
In Melbourne, the weekend auction market produced an all-time high number of auctions, breaking recorded for the volume and value of weekend auction sales.
The Victorian capital recorded 1765 homes auctioned at the weekend — well ahead of the 1491 reported over the previous weekend and significantly higher than the 979 auctioned over the same weekend last year.
Despite the surge in listings, Melbourne reported a clearance rate of 70.1% on Saturday – higher than the previous weekend’s 68.5% yet lower than the 73.4% recorded over the same weekend last year.
Melbourne recorded a median price of $1,112,500 for houses sold at auction at the weekend — lower than the $1126,000 recorded over the previous weekend but 7.9% higher than the $1,031,000 recorded over the same weekend last year.
Data powered by Dr Andrew Wilson, myhousingmarket.com.au
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.
This sky-high home on the Sunshine Coast with iconic shipping container pool is a testament to modern design and engineering.
A breathtaking view and a lush quarter-acre block are high up the wish list with any lifestyle property, but this contemporary Buderim residence takes things to another level.
Designed and built by owners Stu and Nat Faid, the Sunshine Coast home reflects their vision and incredible attention to detail.
As an architect and designer, Nat believes a prime position deserves an incredible project.
“The heart of the house is undoubtedly the living area and expansive deck. At over 100sq m and elevated more than 6m above the ground, you literally feel like you’re floating. We love how the views stretch from the Glass House Mountains along the coastline to Mooloolaba. Across the ocean, you can even see the sandbanks on Moreton Island,” she says.
While the views and the 1024sq m land parcel make their mark, it’s the suspended 12m heated shipping container swimming pool that’s making waves locally.
“When people arrive, the first thing they do is look up,” Nat adds.
After purchasing the property in 2021, the pair knew the existing house wouldn’t live up to their family of four, but they fell in love with the location and outlook so decided to adapt.
Initially, the pool’s unique design was simply a reaction to an everyday Queensland problem, but ultimately became a feature.
“The pool was at first a product of practicality. We wanted to be able to watch the kids in the pool from the house, but to do that required elevating the pool more than six meters off the ground,” Stu says.
“When we looked at the engineering required, it conflicted with our minimal-touch ethos in preserving the land and the visual aesthetic of the finished design. What followed was a lot of searching for a solution, and as luck would have it, the answer was almost on our doorstep.”
Shipping Container Pools seemed like a no-brainer answer to the pool problem. Having moved internationally multiple times, the couple saw an opportunity to weave their personal story into the fabric of their new home.
“The opportunity to incorporate a nod to that chapter of our life into the build was too good to miss,” he says.
“It also unashamedly reinforces the origins of the pool construction, which ties into the rest of the design in the house. Throughout the home, we have embraced where the old meets the new, we have not tried to blend, cover or hide the origins of the home, we have chosen instead to make sure the evolution of the house is clear to see.”
The Faids’ global family journey is evident throughout the home, from the grand Middle Eastern entry doors sourced from Dubai where the couple once lived, to the remarkable views from the Glass House Mountains to Mooloolaba.
Created to enjoy every season, the house has a space for all eventualities with an open plan living area spilling out to the full-width deck and pool, a sleek kitchen with an Ilve integrated fridge and freezer, Bosch ovens, an induction cooktop, built-in coffee machine and microwave, two dishwashers, filtered water and a butler’s pantry.
Four spacious bedrooms each have built-ins, the main features a large ensuite with twin vanities and two more bedrooms share a“Jack and Jill” style bathroom. There is also a third full bathroom.
The Buderim home is 12.5kms from Mooloolaba and the Mooloolaba River National Park with the Sunshine Coast Airport 13.5kms to the north, however Stu adds that there is rarely a reason to leave.
“It would be fair to say that apart from popping down the hill to go to the beach, we often go days without ever leaving the village. It’s really is a wonderful spot.”
Packed with mod cons, the Buderim home also features six-zone ducted air-conditioning, engineered oak floors and a double-sided Stuv wood-burning fireplace, a mudroom, heated floors and sensor lights in the bathrooms. There is also a private elevator, solar power and battery, as well as landscaped gardens and a large lock up garage and shed.
The property at 10 Orient Court, Buderim is listed with Zoe Byrne and Greg Ward from Ray White Buderim and will go to auction on September 22 at 9am at Mercedes-Benz Sunshine Coast, 65 Maroochy Blvd, Maroochydore.
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.