Strong Early Spring Auction Results Continue
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Strong Early Spring Auction Results Continue

Most sellers experienced robust results despite restrictions.

By Kanebridge News
Mon, Sep 13, 2021Grey Clock < 1 min

National auction numbers fell sharply again at the weekend as the Melbourne and Canberra markets felt the pinch of lockdown restrictions.

Just 1150 auctions were reported listed nationwide on Saturday – the lowest non-holiday weekend total since early February – yet, well ahead of the 666 auctioned over the same weekend last year.

With fewer auctions about, the national clearance rate lifted – increasing from 79.1% to 80.5% when compared to the previous Saturday.

The result comes as Melbourne’s clearance figures hold firm (79.3%), while Sydney (85.2%) and Brisbane (81.5%) pushed the rate higher at the weekend.

Adelaide (79.6%) and Canberra (76.9%) experienced a small decline.

The resilient Sydney market was the only capital to report higher auctions compared to the previous weekend.

The result follows last weekend’s strong showing which was the highest ever recorded by the local market for the opening weekend of the spring selling season.

Auction numbers increased at the weekend for the third consecutive Saturday with 511 homes offered for sale compared to the previous weekend’s 493 but lower than the 541 listed over the same weekend last year.

Sydney recorded a median price of $1,714,000 for houses sold at auction at the weekend which was higher than the $1,635,500 reported over the previous Saturday but 24.1% higher than the $1,381,000 recorded over the same weekend last year.

While in Melbourne the clearance rate experienced a 6.7% lift when compared to last weekend it was the result of fewer listings — just 414 for the weekend — and a high number of withdrawals with 18.9% of reported auctions withdrawn.

Melbourne recorded a median price of $1,069,000 for houses sold at auction at the weekend which was higher than the $918,000 recorded over the previous weekend.

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By Robyn Willis
Fri, Aug 5, 2022 2 min

When people talk about making a seachange, chances are this is the kind of property on the NSW South Coast that they have in mind.

Open for inspection for the first time this Saturday, 24 Point Street Bulli offers rare absolute beachfront, with never-to-be-built-out north facing views of the ocean. Located on the tip of Sandon Point, this two-storey property is a surfer’s dream with one of Australia’s most iconic surf breaks just beyond the back wall.

On the lower floor at street level, there are three bedrooms and two bathrooms, including a family bathroom and an ensuite in the master suite. A fourth bedroom is on the upper floor, along with the main living area, and is serviced by its own bathroom. 

While this would make a spectacular holiday home, it is well equipped for day-to-day living, with a spacious gourmet kitchen and butler’s pantry set into the articulated open plan living area on the first floor. A separate media room to the street side of the property on this level provides additional living space. 

Every aspect of this property has been considered to take in the light and views, with high ceilings internally and spacious, north facing decks on both levels to take in views of rolling waves. If the pull of the ocean is irresistible, it’s just a 100m walk to feel the sand between your toes.

The house is complemented by a Mediterranean, coastal-style garden, while the garage has room for a workshop and two car spaces.

An easy walk to Bulli village, the property is a 20 minute drive from the major hub of Wollongong and just over an hour to Sydney.

 

Open: Saturday August 6 2pm-3pm Auction: Saturday September 3 Price guide: N/A but expected to exceed $5.3m paid in March for 1 Alroy Street 

Contact: McGrath Thirroul – Vanessa Denison-Pender, 0488 443 174