Australia's top weekend sale in Armadale, Melbourne

Australia's top weekend sale in Armadale, Melbourne
Australia's top weekend sale in Armadale, Melbourne

Australian Supercars driver Rick Kelly secured the $3.7 million weekend sale of his beachfront home at Carrum overlooking Port Phillip Bay.

The sale (below) came soon after the two-storey Nepean Highway house had been passed in at $3.4 million at its Ray White auction.

Australia's top weekend sale in Armadale, Melbourne

The resort-style property, that features three bedrooms, sold to a local mature-age couple.

The nation's top sale came elsewhere in Melbourne when the Armadale home of the former Qantas chairwoman Margaret Jackson was sold for $5.84 million (lead image).

The four-bedroom house saw two bidders compete for the property owned by downsizes, Ms Jackson and her husband, Roger Donazzan.

The Marshall White auctioneer Justin Long opened with a vendor bid of $4.8 million, then declaring it on the market at $5.42 million.

Last traded in 2004 at $2.75 million, it was offered with price hopes of $4.9 million to $5.39 million.

Melbourne's inner east was the only Melbourne region to register a clearance rate below 70 per cent, according to Domain.

The northern suburbs region scored a 91.7 per cent clearance rate on Saturday.

The first weekend of August saw fewer auctions across the capital cities, according to the CoreLogic property data firm which calculated the national clearance rose to 71.5 per cent.

The capital cities had 1,846 auctions, down from the 1,987 auctions held over the prior week, but still up on a year ago when there were the 1,540 auctions.

The preliminary auction clearance compared with the prior weekend's preliminary clearance of 70.7 percent success rate.

But this was revised to 68.7 per cent after late results, according to Kevin Brogan, the CoreLogic auction analyst.

"Final results have been consistently in the high 60 per cent range since the first week of June," he noted.

Across the two larger auction markets, Melbourne continued to show resilience.

Melbourne's 75.7 per cent result came from 799 reported auctions.

There were 907 auctions held across the city, down from 956 last week when the final auction clearance rate was 75.6 per cent.

The volume was higher than the 724 auctions held one year ago, along with a lower clearance rate of 74.2 per cent last August.

An Albert Park house sold for $5 million.

Located at 24 Herbert Street, (below) the home came with three bedrooms plus study, along with two bathrooms.

Australia's top weekend sale in Armadale, Melbourne

The home was set behind a striking, original Art Deco facade, of the former Morris Bros Union Dairy on the 327 sqm block.

The property, offered through David Wood at Hockingstuart, had a $4.6 million reserve.

It was a family that eventually came out on top, paying $400,000 above reserve set by the vendor who renovated after the property was bought for $626,400 in 1999.

Melbourne's St Kilda East has the nation's cheapest sale when a one bedroom apartment sold for $307,000.

Located at 22/87 Alma Road (below) the property was marketed as perfect for first home buyers.

Australia's top weekend sale in Armadale, Melbourne

Built in 1960 it was last sold in 2010 for the same price of $307,000.

Across Sydney, 615 homes were taken to auction with a preliminary clearance rate of 71.1 per cent across 477 reported results.

Last week, the final clearance rate for the city was 65.4 per cent, across 714 auctions.

One year ago, 544 Sydney homes were taken to auction and the clearance rate was 77.5 per cent.

The City and Inner South had a success rate of 84.9 per cent and the Inner West at 82.1 per cent.

Sydney's top sale was a three bedroom Mosman apartment (below) that sold for $4.7 million.

Australia's top weekend sale in Armadale, Melbourne

Located at 20B Redan Street, the Balmoral Slopes offering last sold in 1995 for $1.025 million.

The duplex was offered through Max Walls International agent Anthony Walls.

Domain reported over the first seven months of this year, 19,221 Sydney homes had been auctioned - some 31 per cent higher or 4628 more than the 14,593 listed over the same period last year.

There were 153 Brisbane homes taken to auction this weekend, with the preliminary clearance rate at 48.8 per cent, down from 49.6 per cent last week.

Brisbane's Fig Tree Pocket saw Rivergum Retreat (below), a mansion, owned by former Linc Energy boss Peter Bond, fail to sell at auction.

Australia's top weekend sale in Armadale, Melbourne

The riverfront seven-bedroom, nine-bathroom mansion on 1.2 hectares was passed in at $9.25 million, $250,000 short of its 2008 purchase price.
 
Ray White agent Matt Lancashire marketed it as “one of the most substantial properties in Brisbane."

Bidding between two parties started at $8 million. 

Brisbane's top sale was a five bedroom house at Calamvale for $3.3 million.

Located at 85 Menser Street (below), the 10,119 sqm property was marketed as having development potential.

Australia's top weekend sale in Armadale, Melbourne

The property was last sold in 2016 for $3.08 million has approval for 38 town houses.

Adelaide recorded a clearance rate of 69.4 per cent across 59 auctions on the weekend, up from 64 per cent across 82 auctions on the prior weekend.

A 1910 stone-fronted Prospect house was among Adelaide's results, selling for $955,000.

Located at 46 Johns Road, (below) the four bedroom 1910 property last sold in 1994 for $165,000.

Australia's top weekend sale in Armadale, Melbourne

Perth’s clearance rate surprised with a 72.7 per cent across 35 auctions.

It was up from the previous week, when 28 auctions were held and a clearance rate of 34.8 per cent was recorded.

Canberra’s preliminary auction clearance rate of 69.6 per cent was lower than last weekend, when the final auction clearance rate was 70.5 per cent and lower than the 74.1 per cent recorded on the same weekend last year.

A five bedroom Hackett house sold for $1.26 million making it Canberra’s most expensive weekend auction sale.

Located at 4 Verco Street, (below) the property is set on the foothills of Mount Majura nature reserve.

Australia's top weekend sale in Armadale, Melbourne

Tags: 
Property market Residential Sales

Comments

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