September Auctions Finish Strong
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September Auctions Finish Strong

As lockdowns look to ease, the market seems in good stead.

By Kanebridge News
Mon, Sep 27, 2021Grey Clock 2 min

The first month of the spring weekend auction market has concluded with more remarkable results despite ongoing covid restrictions in most capitals.

Auction numbers have been impacted by the restrictions and were lower at the weekend with a total of 1155 homes offered nationally compared to 1272 the previous weekend.

The national clearance rate fell marginally at the weekend following a 5-month high – down from 84.9% to 83.8%.

All capitals reported clearance rates above 80%, with the exception of Melbourne, just below at 79.3%.

Sydney has shown no signs of slowing down, recording a clearance rate of 85.2% at the weekend following the previous weekend’s 85.1%. It is the eighth consecutive weekend the NSW capital has recorded a clearance rate above 80%.

Auction numbers increased for the fifth consecutive Saturday in Sydney with 641 homes offered for sale compared to the previous weekend’s 569. This figure remained lower than the 732 listed over the same weekend last year.

Sydney recorded a median price of $1,744,000 for houses sold at auction at the weekend  — higher than the $1,690,500 reported over the previous Saturday and 30.4% higher than the $1,337,500 recorded over the same weekend last year.

Melbourne saw a lift in its clearance rate – up to 79.3% after the previous weekend’s 72.3% — due to a lower proportion of withdrawals at 20.8% compared to the previous weekend’s 28.7%.

Listings fell sharply at the weekend with 269 auctions compared to the previous weekend 434 but well ahead of the 32 auctioned over the same weekend last year.

Melbourne recorded a median price of $870,500 for houses sold at auction at the weekend which was well below the $1,000,250 recorded over the previous weekend and similar to the $850,250 recorded over the same weekend last year.

With restrictions set to ease as the market heads deeper into spring, more strong results are forecast.

Data Powered by Dr Andrew Wilson of 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