Potts Point parking space amongst weekend auction highlights

Potts Point parking space amongst weekend auction highlights
Potts Point parking space amongst weekend auction highlights

A residential Potts Point car parking space, in inner Sydney, fetched $222,000 at weekend auction, which the Di Jones selling agent declared “top dollar”.

Bidding opened at $120,000 for the 16 square metre undercover space (above) in The Chimes apartment block.

There were two of the five registered parties still bidding from $180,000 onwards.

Another standard car space had sold nearby earlier this year at $190,000 with a larger 26 sq m car space fetching $264,000 two years ago.

The successful bidder has resided in Potts Point for two decades and intended the car spot for his personal use, The Sunday Telegraph reported.

The 10-storey, 80 unit Macleay Street strata studio block was built in the mid 1960s when the standard EJ Holden cost the equivalent of $2000.

The car space was among the first week of winter offerings, but not the cheapest. 

A three bedroom house at Smithfield - offered as a renovator's dream - sold for $142,500 as Adelaide’s and the nation's cheapest weekend auction sale.

Built in 1980 it last sold in 1995 for $56,000.

Featuring three bedrooms, the property at 19 Adaluna Crescent had $110,000 price guidance.

Potts Point parking space amongst weekend auction highlights

The onset of winter saw auction volumes fall across the country.

Some 2,545 homes were taken to auction, compared to 2,885 the previous weekend, according to CoreLogic’s latest report.

The property data firm says that the preliminary clearance rate across the combined capital cities was higher (73.9 per cent) compared with last week’s finalised result, which was the third lowest clearance rate so far this year (71.3 per cent).

With auction clearance rates typically revising lower as more results flow through, the final clearance rate is likely to be lower than what was recorded last week, CoreLogic auction analyst Kevin Brogan said.

Every city had a higher clearance rate than the same weekend last June.

At the same time last year, both the combined capital city clearance rate and the number of auctions were lower, with 2,008 auctions held and 68.2 per cent reported as successful.

The two largest auction markets, Melbourne and Sydney, saw their preliminary clearance rates rise compared with last weeks finalised results, with Sydney at 77.5 per cent and Melbourne at 75.4 per cent.

Across the smaller capital city markets, week-on-week results show mixed results with clearance rates falling in Brisbane and Canberra.

Across Melbourne, 1,181 homes were taken to auction and preliminary results show a clearance rate of 75.4 per cent, increasing from last weekend when the final clearance rate fell to 74.2 per cent across 1,366 auctions, the lowest clearance rate for the city so far this year.

At the same time last year, Melbourne’s clearance rate was 71.1 per cent, with 970 auctions held across the city.

Looking at Melbourne’s sub-regions, the West region was the best performer in terms of clearance rates, with a 83.5 per cent success rate.

The top weekend sale was a 1970s Hawthorn house for $5.51 million.

Located at 17 Fairview Street, (below) the 760 sqm property marketed as suitable to be redeveloped was snapped up by a Chinese buyer who will demolish the five bedroom brick home, Fairfax Media reported.

Potts Point parking space amongst weekend auction highlights

With views overlooking Fairview Park, Yarra River and CBD, it was last sold in 2007 for $2.8 million.

There was a record price paid in Fitzroy when a couple from Boroondara with three young children secured Fitzroy House at 43 Gore Street with a $4.9 million bid.

It at almost $900,000 more than the suburb’s previous record of $4.011 million set by 17 Bell Street last year.

It was sold by Madman Entertainment co-founder Paul Wiegard and his wife Sarah, who spent about $2 million renovating the three-level 1854 house, which cost $2.1 million in 2008.

It was built for surgeon Thomas Embling.

Sydney’s preliminary auction clearance rate increased to 77.5 per cent from 72.7 per cent last week, while auction volumes were lower this week with 1,000 homes taken to auction, compared to 1,101 last week.

At the same time last year, both the clearance rate and auction volumes were lower with 692 homes taken to auction and a clearance rate of 72.9 per cent.

Sydney's top sale was an art deco Russell Lea house sold for $5.15 million with six bidders registering at the auction.

Located at 26 Clements Street, the P&O style residence sits on a double block that overlooks Iron Cove Bay.

Potts Point parking space amongst weekend auction highlights

Designed in 1939 by Guy Crick, it was marketed as having potential to renovate or develop through Warwick Williams Real Estate agents Adrian Sereni and Warwick Williams.

There were 146 auctions held across Brisbane this week, down from 162 last week, but higher than one year ago (130).

Preliminary results show that 51 per cent of Brisbane auctions were successful this week, up from 52.2 per cent last week, while one year ago 48.2 per cent of auctions were sold.

A two bedroom timber Woodridge house sold for $241,000 making it Brisbane’s most cheapest weekend auction sale.

Located at 72 North Road (below), the 875 sqm parcel holding last sold in 1986 for $39,000.

Potts Point parking space amongst weekend auction highlights

A total of 107 auctions were held in Adelaide this weekend, down from 112 last week, and up from 98 last year.

Preliminary Adelaide results for the weekend show 63.4 per cent sold, up from 57.6 per cent last week. 

An Aldinga Beach beachfront reserve house sold for $1.45 million.

Located at 210 Esplanade, the 1800 sqm property is just steps away from the beach, 50km from Adelaide CBD, and a short drive to McLaren Vale.

Potts Point parking space amongst weekend auction highlights

Modernised since built in 1965, it was last sold in 2009 for $1.175 million and in 2002 for $680,000.

Across Perth, preliminary results show 58.3 per cent of the 12 reported auctions were successful, while one week ago 50 per cent of Perth auctions were successful and one year ago just 13 per cent were sold.

There were 78 auctions held in Canberra this week and the preliminary clearance rate was 71.9 per cent, down from 73.8 per cent last week and similar to one year ago (71.1 per cent).

Residential Sales Weekend Auctions


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