Strathfield new build tops weekend auction results

Strathfield new build tops weekend auction results
Strathfield new build tops weekend auction results

It was neck and neck when the Domain website advised Saturday night's auction clearance rates.

Nothing between Sydney and Melbourne with both major auction capitals on 73.5 percent.

It represented a rise for Melbourne and dip for Sydney. 

Just 200 auctions in each city given the school holidays, winter and election distractions.

Strathfield, the regular Sydney auction powerhouse, secured the top result when 12 Newton Road (above) fetched $4.29 million, some $290,000 over reserve. The new luxurious six bedroom, six bathroom family home came with Victorian Ash staircase. The 746 sqm block cost $1.55 million in 2013. There had been $3.7 million price guidance by Devine Real Estate.

Melbourne's highest priced weekend sale came post-auction at Middle Park having price guidance at around $2.6 million.

The 200 Page Street property fetched $2.65 million was a 1930s triple fronted home on 280 sqm through Greg Hocking Holdsworth.

Strathfield new build tops weekend auction results

It had sold in 2004 at $1.5 million.

Brisbane’s auction volumes fell from 175 to 66 this week, according to CoreLogic with the preliminary results showing 38 per cent of auctions were successful, down from 41 per cent over the previous week.

One year ago, 115 auctions were held across Brisbane with 63 per cent clearing, which was the second strongest clearance rate seen in the city last year, CoreLogic's Kevin Whelan noted.

Overall CoreLogic advised 70 percent of capital city auctions across Australia were successful, according to the preliminary results.

It was higher than the clearance rate recorded over the first month of winter in 2016 of 67 per cent.

The number of residential auctions held this week was around 800, down substantially from 2,200 last week.

Across Sydney the North Sydney and Hornsby was the busiest region for auctions and preliminary results showed 86 per cent of reported auctions were successful.

Melbourne's best performer across the city was the inner South sub-region that had a 100 percent clearance rate, but just from the 17 reported auctions.

There were 69 auctions held across Adelaide, down from 90 last week. The preliminary auction clearance rate was 74 per cent, a substantial rise from 59 per cent last week. One year ago, 85 Adelaide auctions were held with 69 per cent sold. 

The Somerton Park house of slain Adelaide Crows AFL coach Phil Walsh has gone on the market with offers sought by July 18.

The four-bedroom, two-bathroom Bungey Ave property is listed by McCammon Real Estate with hopes between $1.175 million and $1.25 million. 

 

Strathfield new build tops weekend auction results

 

Phil Walsh’s son, Cy Walsh, has pleaded not guilty to murdering his father last July.

 

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.

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Residential Sales Clearance Rate

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