National auction volume down for fourth consecutive winter week

National auction volume down for fourth consecutive winter week
National auction volume down for fourth consecutive winter week

Some 72.9 percent of the 660 Sydney auction listings were sold, up from last weekend, when the final clearance rate for the city was 68.6 percent.

Melbourne was the best performing city with 77.4 percent of the 667 results recording a successful result.

Adelaide was strong too with a 75 percent clearance rate.

The national auction volumes were down for the fourth consecutive winter week, with school holidays contributing to the reduced stock levels, according to CoreLogic's latest report.

However the auction clearance rate has risen.

The number of homes taken to auction across the capital cities with just 1,612 auctions held this week, down from 1,766 last week,

It was higher than this time last July when 1,391 properties went under the hammer.

The combined capital city preliminary clearance rate increased to 72.4 percent this week, up from the final clearance rate of 68.4 per cent last week, although this will revise as more results are collected, CoreLogic auction analyst Kevin Brogan said.

Sydney's Baulkham Hills and Hawkesbury region recorded the strongest clearance rate of 94.1 percent across 21 auctions, followed by the Eastern Suburbs (84.2 percent).

Melbourne's strongest clearance rate was recorded across the Outer East, with 90.9 percent of the 55 reported auctions clearing, followed by the South East region with a clearance rate of 86.2 percent.

At Northcote the house of Collingwood AFL midfielder Levi Greenwood was passed in at $1.28 million, but sold shortly afterwards to the highest bidder for $1,307,500.

The single-fronted Edwardian on Arthurton Road (above) was bought unrenovated in late 2014 for $725,000, shortly after joining the Pies from North Melbourne.

Its Ray White Northcote selling agent Angelo Bafunno had quoted $1.25-$1.35 million for the house, which features a self-contained two-bedroom bungalow at the back.

There were 116 Brisbane homes taken to auction, with 87 results reported so far.

The preliminary clearance rate for Brisbane was 44.8 per cent, down from 55.7 per cent last week and lower than one year ago, when 47 per cent of the 120 properties taken to auction were successful.

The nation's cheapest mainland result was a three bedroom Haigslea house (below) near Ipswich that sold for $277,000.

National auction volume down for fourth consecutive winter week

Located at 304 Haigslea Malabar Road, the house sat on a 3843 sqm block with paddock views which last traded in 2012 at $325,000.

There was a $160,000 one bedroom house sale (below) at Riverside, near Launceston in Tasmania.

National auction volume down for fourth consecutive winter week

The top sale around the nation was in Sydney when a harbour-view five bedroom house at Balgowlah Heights sold for $3.55 million.

Located at 15 Fisher Street, (below) the 841 sqm property has a 1980s house was was last sold in 2015 for $2.875.

National auction volume down for fourth consecutive winter week

The property was offered through Clarke & Humel Property agents Kingsley Looker and Michael Clarke.

This week, Adelaide saw a preliminary clearance rate of 75 percent, with 36 reported results across a total of 65 scheduled auctions.

In comparison, over the previous week Adelaide’s clearance rate was 59.6 per cent and 54.7 per cent one year ago.

Adelaide prices ranged between $300,000 and $781,000.

A three bedroom 1960s house on 800 sqm at Marryatville sold for $781,000 at 1 The Crescent (below).

National auction volume down for fourth consecutive winter week

A three bedroom Ingle Farm house sold for $300,000 making it Adelaide’s cheapest weekend auction sale.

Located at 3 Haydn Street (below), the property marketed to first home buyers, investors and downsizes last sold in 2006 for $178,000.

National auction volume down for fourth consecutive winter week

There were 33 Perth auctions this week and so far 18 results have been reported, with 44.4 percent selling.

Canberra’s preliminary auction clearance rate of 72.7 percent across 39 auctions is higher than both last week, when the final auction clearance rate was 62.7 percent, and last year (63.3 percent).

In Yarralumla four bidders competed for 3B Arkana Street (below), a five-bedroom house on a 1393-square-metre block with resort-style facilities, which Domain reported sold for $2.46 million

National auction volume down for fourth consecutive winter week

Tasmania saw six auctions take place this week and five results have been reported so far, with three sales.

 

Tags: 
Auctions Residential Sales

Comments

Be the first one to comment on this article
What would you like to say about this project?