Former Wiggle Sam Moran sells Rozelle cottage

Former Wiggle Sam Moran sells Rozelle cottage
Former Wiggle Sam Moran sells Rozelle cottage

The inner west Rozelle, Sydney weatherboard cottage - with the identifying bright yellow front door of former Wiggle Sam Moran - was sold at weekend auction.

The cottage secured $1,835,000 when offered by Moran and his American-born wife Lynn Stuckey who paid $955,000 in 2011.

Moran, who departed the Wiggles in 2011, now fronts the preschool show, Play it with Sam.

While three buyers had registered, there were only two active competitors.

It was declared on the market at $1,835,000.

The investor buyer told the Sunday Telegraph he hopes to get $950 to $1000 a week in rent.

The national weekend auction clearance rate sat at around 70.7 percent, according to CoreLogic, which noted it had been was the busiest since the end of May.

Auction volumes have increased to a total of 2,759 homes taken to auction.

Some 2,226 initial results reported to CoreLogic, the weekend sales returned a preliminary clearance rate of 70.7 per cent, up from last week’s final clearance rate of 66.7 per cent across 2,510 auctions.

Melbourne was host to the most auctions in a bumper pre-grand final weekend offering.

With 1,359 auctions scheduled, there was a preliminary clearance rate of 73.9 per cent from the 1,140 reported results.

Last weekend Melbourne had 1,265 auctions with a final clearance rate of 71.4 percent. 

At the same time last year, Melbourne’s clearance rate was 77.2 per cent across 1,103 auctions.

The North West region recorded the strongest clearance rate of 85.4 per cent across 101 auctions.

Melbourne's top sale was a townhouse development site at Kew that fetched $4.36 million.

Permits had been approved for the four townhouses on the 1430 sqm Boorool Road offering which sold at $16 million in 2015.

In Toorak, $3.72 million was paid for 112 St Georges Road, one of six residences built on the site of former Prime Minister Harold Holt’s home.

The Herald Sun reported auction was slow going at first, but the buyer was the fourth and final bidder.

The four-bedroom house shares a communal pool, jetty on the Yarra River and a large garden with the five neighbours.

A four bedroom penthouse St Kilda apartment that sold for $3.61 million was Melbourne’s most expensive weekend apartment residential acquisition.

Located at 18/21 Marine Parade, the property with bay views comes with an alfresco terrace for entertainment.

It had sold at $1.56 million in 2001.

A one bedroom Burnswick unit sold for $250,000 was Melbourne’s cheapest weekend auction sale.

Located at 14/6 Garnet Street, the property last sold in 1983 for $21,000.

Sydney’s preliminary auction clearance rate was 71.5 per cent across 1,014 auctions this week, after last week saw the final clearance rate slip below 65 per cent for the first time this year to 64.2 per cent.

"The current clearance rate across Sydney is significantly lower than this time last year when 80.4 per cent of the 946 auctions held were successful," Kevin Brogan, CoreLogic's auction analyst said.

Strong results however were recorded across the Northern Beaches (84.7 per cent), Central Coast (84.6 per cent) and Ryde (84.6 per cent).

A two bedroom Bankstown unit sold for $461,000 was Sydney’s cheapest weekend auction sale.

Located at 10/48 Reynolds Avenue, the unrenovated property last sold in 1996 for $155,000.

Sydney's top sale was a Balgowlah Heights house that fetched $4.1 million pre-auction.

Located at 3 Tabalum Road, the four bedroom house on 568 sqm came with views over Middle Harbour.

It last sold in 2008 for $2.1 million.

"Sydney’s auction market survived its September super Saturday, recording a solid clearance rate for sellers despite the usual flood of pre-holiday listings," Domain economist Dr Andrew Wilson noted. 

"The number of properties reported sold before auction continues to climb with motivated sellers keen to secure a sale from a dwindling pool of buyers," he added.

Some 168 Sydney homes were reported sold before auction at the weekend which was well ahead of the 148 reported the previous weekend and significantly higher than the 109 reported mid-August.  

Across Brisbane the preliminary clearance rate was 51.5 per cent this weekend after 99 auctions were reported to CoreLogic.

A five bedroom Ascot house sold for $2.4 million making it Brisbane’s most expensive weekend auction sale.

Located at 111 Alexandra Road, the 1920s home last sold in 2003 for $1.9 million.

The offering with a tennis court was offered through Vanessa Harte of Ray White who told The Courier Mail five bidders registered for the auction of the 1022 sqm property.

There were 122 Adelaide auctions compared to 100 last week and 131 at the same time last year.

The cities preliminary clearance rate this week was 60.6 per cent, down from 68.2 per cent last week and lower than one year ago (78.2 per cent).

A four bedroom Bedford Park house sold for $420,000 was Adelaide’s cheapest weekend auction sale.

Located at 16 Franklin Avenue, the three bedroom, one bathroom home on 1000 sam was offered with the potential to create an extra one or two additional bedrooms.

In Canberra, 69.2 per cent of the 78 reported auction results for Canberra were sold this week, down from 71.9 per cent last week and higher than last year (68.4 per cent).

A two bedroom Holt house sold for $290,000 making it Canberra’s cheapest weekend auction sale.

Located at 19 Goddard Crescent, the property was in original condition but featured new carpet in the lounge and bedrooms.

Perth’s clearance rate of 36 per cent across 25 auction results is similar to last week, when 33 auctions were held and a clearance rate of 35.7 per cent was recorded.

Over the same week last year, the Perth clearance rate was a lower 29.5 per cent, and 50 auctions were held.

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.

Tags: 
Residential Sales Weekend Auctions

Comments

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