Winter Chill Freezes Auction Markets
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Winter Chill Freezes Auction Markets

The national clearance rate is being propped up by the smaller capital cities.

By Terry Christodoulou
Mon, Jun 6, 2022Grey Clock 2 min

Capital city auction clearance rates were generally, and sharply, lower than the previous weekend with the winter selling season arriving early this year in the major markets of Melbourne and Sydney.

The national auction market lifted to 69.4% from the previous weekend’s 67.3% thanks to strong performances in Brisbane (80.9%) and Adelaide (79.7%). The national figure is still well below the clearance rate reported for the same weekend last year of 80.7%.

National auction numbers also tumbled from last weekend, with 2220 homes listed compared to 2707 — well below the same weekend last year’s 2697.

Sydney’s market fell sharply at the weekend to reach a two-year low recording a clearance rate of just 60.3% at the weekend — well below the 66.9% recorded last weekend and the 80.7% recorded over the same weekend last year.

A total of 801 Sydney homes were listed for auction at the weekend — well below the 1013 of the previous weekend and lower than the same week last year’s efforts of 1048.

Sydney recorded a median price of $1,550,000 for houses sold at auction at the weekend which was well below the $1,720,000 recorded last weekend and 3.4% lower than the same weekend last year’s $1,605,000.

Melbourne saw similar results, with clearance rates sharply lower, equalling the year-to-date low of 63.8% seen on the election day weekend. The figure is lower than the previous weekend’s 68.1% and well below the 72.2% recorded over the same weekend last year.

Only 1095 homes were listed at the weekend in the Victorian capital — lower than the 1320 reported over the previous weekend and the 1369 listed over the same weekend last year.d

Melbourne recorded a median price of $1,117,000 for houses sold at auction at the weekend which was lower than the $1,150,000 reported last weekend but still 6.8% higher than the $1,046,000 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