Auction Figures Remain Fragile
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Auction Figures Remain Fragile

With buyer confidence low, so too are auction volumes and clearance rates.

By Terry Christodoulou
Mon, Jul 4, 2022Grey Clock 2 min

The national auction market reported a clearance rate of 64.2% at the weekend — lower than the 65.4% reported last weekend and significantly lower than the 79.8% recorded over the same weekend last year.

National auction numbers were again lower at the weekend with just 1422 listings compared to 1911 — well below the same weekend last year’s 1869 auctions.

While these numbers are certainly low, they are steady when compared week-to-week across the country except for Canberra, the capital city a clear underperformer and recording another decline.

The Sydney auction market consolidated last weekend’s slightly improved result with a clearance rate of 63.7% at the weekend — higher than the 62.2% recorded last weekend but lower than the 76.9% recorded over the same weekend last year.

Auction numbers were however significantly lower at the weekend with 615 reported compared to the previous weekend’s 772 and again well down on the 792 auctioned over the same weekend last year.

The NSW capital recorded a median price of $1,633,000 for houses sold at auction at the weekend — higher than the $1,575,000 recorded last weekend and 8.9% higher than the same weekend last year’s result of $1,500,000.

Melbourne also reported lower auction numbers with 536 home listed at the weekend, which was significantly lower than the 848 reported last weekend and well below the 853 listed last weekend.

The lower auction volumes saw the Victorian capital report a clearance rate of 64.2% which was similar to the previous weekend’s 63.9% by well below the 768% over the same weekend last year.

Melbourne recorded a median price of $916,000 for houses sold at auction at the weekend which was significantly lower than the $1,072,500 reported last weekend and 16.2% lower than the $1,092,500 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