Historic North Carlton 1970s styled home sells at weekend auction

Historic North Carlton 1970s styled home sells at weekend auction
Historic North Carlton 1970s styled home sells at weekend auction

Melbourne weekend auctions secured a preliminary clearance rate of 59 per cent after 355 results were reported.

There were been 527 auctions scheduled with 42 properties withdrawn from auction.

Sydney recorded a 64 percent preliminary clearance rate from 310 reported results, according to Domain.

There were 529 auctions scheduled for auction, with 75 properties withdrawn. 

Sydney’s lower north shore suburb, Waverton had the top weekend sale when a triplex sold for $4 million.

The 642-square-metre property at 29 Balls Head Road fetched $200,000 above the reserve.

There were seven bedrooms ands four bathrooms at the property which last sold three decades ago at $430,000 in 1988.

Belle Property had eight registered bidders, with three bidding throughout the auction. 

Melbourne's top sale was in North Carlton at $3,276,000 for 22 Macarthur Place (pictured main).

The price guide had been $2.65 million to $2.9 million.

It once hosted Australia’s first intercolonial handball competition in 1873, and is now known as the Court House.

Then was converted into a brick factory.

Set on one of Carlton's prettiest squares, the home and studio was created by architect John Mockridge in the 1970s.

There have been some renovations since to the three bedroom, two bathroom home with comes with a 1050 bottle cellar.

It last sold at $1,405,000 in 2009.

An Edwardian Kew home at 16 Miller Grove sold for $2.54 million.

In Brighton, a four-bedroom Victorian home at 137 Male Street sold for $2.47 million to a Sydney family relocating to Melbourne.

There were three bidders for the home that last sold at $2.35 million in 2018.

Brisbane had the cheapest sale among the capital cities.

It was $246,000 for a two bedroom house at 10 Dampier Street, Eagleby.

It last sold at $28,000 in 1978.

AMP Capital chief economist Shane Oliver told Domain the ongoing impact of coronavirus — including job losses and stalling immigration — would see the market weaken in the coming months.

“Sydney’s results are still pretty soft and the coronavirus outbreaks in Melbourne would be adding to the cautiousness in the market there,” Dr Oliver said.

“Normally, Melbourne would have more listings than Sydney but that hasn’t been happening in recent weeks.”

CoreLogic calculated there were 1,424 homes scheduled for auction over the past week returning a preliminary auction clearance rate of 64.5 per cent.

It was the highest number of auctions held in nine weeks.

The previous week saw 1,251 homes taken to auction returning a preliminary clearance rate of 66.1 per cent, which later revised down to 59.6 per cent at final figures.

This time last year saw 1,295 homes taken to auction across the capital cities and a clearance rate of 62.9 per cent was recorded. 

Tags: 
Clearance Rate Weekend Auctions

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