$210,000 West Footscray unit the weekend's cheapest sale

$210,000 West Footscray unit the weekend's cheapest sale
$210,000 West Footscray unit the weekend's cheapest sale

The cheapest auction offering across the capital cities at weekend auction was in Melbourne's West Footscray.

Buyers snapped it up the day prior at $210,000.

The sale was a spacious one bedroom apartment.

Having last sold in 2013 at $173,500, the price guidance for 18/436 Geelong Road (pictured) had been $196,000 to $215,000.

Its most recent rental had been a $220 weekly asking rental in 2017, but the selling agent Taylor Romao at Tas Stevens Real Estate had suggested it now potentially sat at around $250 a week, reflecting a six percent yield.

Melbourne's dearest sale was $4.67 million in Malvern East.

It was announced on the market at with three bidders competing for the 68 Central Park Road property after the announcement by the Jellis Craig auctioneer.

There was a sale, but no price disclosure when the retired AFL forward Jarrad Waite and his wife Jackie sold their Strathmore house.

The former North Melbourne and Carlton star was seeking $1.35 million to $1.46 million for their home of three years.

Situated at, 2 Head Street (pictured below), it last sold in 2016 for $1.4 million.

Alexkarbon director Charles Bongiovanni was marketing the post-war home.

0,000 West Footscray unit the weekend's cheapest sale

Melbourne returned a preliminary auction clearance rate of 76.1 per cent on the last weekend of winter as volumes increased across the city.

There were 769 homes taken to market across Melbourne, up on the 662 auctions held last week when a higher 77 per cent sold as at final figures.

There were 1,605 homes taken to auction across the combined capital cities this week, increasing on the week prior when 1,415 homes were auctioned.

CoreLogic reported the higher volumes saw the preliminary clearance rate soften, coming in at 73.6 per cent after the week prior returned a final auction clearance rate of 74.2 per cent; the highest since April 2017.

In Sydney, 584 homes were taken to auction returning a preliminary auction clearance rate of 78.9 per cent, increasing on the 503 auctions held the week prior when it returned a final clearance rate of 78.1 per cent.

Across the smaller auction markets, Adelaide saw 62.5 per cent of homes sell at auction, making it the best performing of the smaller auction markets,

Canberra wasn’t far behind with a preliminary clearance rate of 61.5 per cent, with a top sale of $2.25 million in Red Hill.

It was a five bedroom house at 16 Roebuck Street which Belle Property sold.

A pre-auction sale of a Woollahra trophy home topped the recorded weekend prices when Jacinta McDonell, the entrepreneurial co-founder of Anytime Fitness Australia, and her partner, Matthew Connolly, founder of Concept Projects, secured $7.35 million for their recently refurbished home.

The couple bought the home for $5.5 million.

The buyer emerged in under two weeks of marketing. It was listed with a $7 million price guidance. The couple installed a lift which Phillips Pantzer Donnelley agents David Tyrrell and Alexander Phillips suggest is was what you “would expect in a high end renovation’’.

Their renovation on View Street saw every tradie donate a percentage of their works contract to The Human Kind Project, a non-profit foundation that funds life-changing projects in Africa. 

The renovation raised more than $65,000 for the African community.

McDonnell set up the foundation in 2015.

A large top-floor one bedroom Punchbowl unit was Sydney's cheapest sale at $320,000.

The Matthew Street deceased estate was just 58 sqm space, plus an enclosed garage. 

The apartment last traded in 1976 the late factory hand paid $19,750.

One-bedroom apartments are few in Punchbowl, with less than 10 being sold in the last year, one fetching $310,000 in March.

Michael Ristevski and Simon Keremelevski of Professionals Punchbowl Real Estate secured the sale. 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Residential Auctions West Footscray

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