Hawthorn art deco tops weekend auction results

Hawthorn art deco tops weekend auction results
Hawthorn art deco tops weekend auction results

Melbourne was the only capital city to record a weekend auction success rate in the 70s, continuing its sparkling performance.

Melbourne vendors sold 72 percent of their listings, while clearance rates across Sydney remained below 70 per cent for the eleventh consecutive week.

Sydney did retain its ranking as the second strongest auction capital, according to CoreLogic.

Melbourne hosted 1,111 auctions, similar to the same time last year when there was a stronger 78.4 per cent cleared.

An art-deco Hawthorn house sold pre-auction for $3.22 million making it Melbourne’s most expensive weekend auction offering.

Located at 9 Auburn Road (pictured above), the 1938 home was marketed as one of “the most exquisite restorations to have hit the market.”

The property, last sold for $501,000 in 2001, features original features including black manganese bricks, terrazzo floors and curved textured walls.

The property was offered through the Whitefox agency. 

Melbourne auction numbers will rise steadily over coming weekends until the Melbourne Cup long weekend. 

A prize listing includes an inner city vineyard on the Yarra River at Hawthorn with $12 million to $13 million hopes through Scott Patterson at Kay & Burton for November 1 auction.

The vineyard, just four kilometres from the Melbourne CBD, is the home of Coppin Grove Wines, a boutique family vineyard established in 1998, comprising 1000 Pinot Noir, Chardonnay and Nebbiolo vines.

The vineyard, the work of Michael Cohn and his wife Ann, supplies its signature Coppin Grove Sparkling to George Calombaris’s Hellenic Republic restaurants. 

The Cohns completed a viticultural course at the University of Melbourne’s nearby Burnley Horticultural College.

Sydney had the nation's top weekend sale when a four bedroom Strathfield house sold for $5.1 million.

Located at 7 Torrington Road, the two level brick house on 858 sqm is situated on Strathfield’s so-called Golden Mile.

Last sold in 1998 for $831,000, the property was offered through Strathfield Partners agents Vanessa Kim and Sunny Nguyen.

It was a tie for the nation's cheapest - between Brisbane and Melbourne. 

A one bedroom Mentone apartment sold for $275,000 making it Melbourne’s cheapest weekend auction sale.

Located at 10/56 Milan Street, the property was marketed as a “shrewd investment opportunity, fantastic flip or perfect first-step on the property ladder.”

Built in 1970, the Regency Gardens offering last sold in 1987 for $52,200.

A two bedroom house at Kallangur sold for $275,000 making it Brisbane’s cheapest weekend auction sale.

Located at 45 Boardman Street, the 607 sqm property with unrenovated older-style lowset brick home last sold in 2006 for $231,000.

The nation's preliminary auction volumes bounced higher after last week’s long weekend, according to CoreLogic’s latest report.

Auction activity across the combined capital cities increased after last week’s grand finals, school holidays and public holiday slowdown.

Around 2,286 homes were taken to auction, returning a preliminary national auction clearance rate of 68.1 per cent.

The national preliminary clearance was up from the 66.3 per cent of the long weekend. But it was lower than one year ago, when there was a 76.4 per cent clearance rate on similar volume.

Sydney’s preliminary clearance rate was 67.2 per cent across 591 auction results, according to Coreogic.

There were a total of 800 auctions held across Sydney.

Domain reported two Sydney regions that have typically led the charge at auctions – the northern beaches and the inner west – took an uncharacteristic downturns.

The inner west sat at 69.6 per cent while the northern beaches was well down on recent results with 67.4 per cent.

There were 149 Brisbane homes taken to auction on the weekend recording a preliminary auction clearance rate of 49.5 per cent, unchanged from final results last week.

The Brisbane result sat slightly lower than one year ago, when 53.5 per cent of the 157 properties taken to auction were successful.

A five bedroom house at Chapel Hill sold for $1.95 million making it Brisbane’s most expensive weekend auction sale.

Located at 68 Tristania Road, the 2003 sqm property was marketed as “reminiscent of a charming country lane.”

It was built in 2013 after the block cost $1.55 million in 2011.

A total of 108 Adelaide homes were taken to auction, with a preliminary clearance rate of 65.3 per cent, down from 71.1 per cent last week when 40 auctions were held across the city.

It was lower than one year ago when 98 auctions were held and 75.3 per cent cleared.

A Norwood property sold for $2.44 million making it Adelaide’s most expensive weekend auction sale.

Located at 25 William Street, the 1560 sqm property has five one bedroom units.

It was marketed as an opportunity to develop a home or redevelop through Harris Real Estate agents Nick Baranikow and Kathryn Roberts.

There were 33 Perth auctions this week, with a preliminary clearance rate of 60 per cent.

Last week, 70 per cent of the 13 auctions held were successful.

Canberra’s preliminary auction clearance rate of 62.7 per cent this week is lower than last week, when the final auction clearance rate was 75.7 per cent and also lower than the 85 per cent recorded last year.

Canberra's sales ranged between a three bedroom Kaleen apartment for $385,000 at 3/112 Baldwin Drive, and a Crace house sold for $1.157 million.

Located at 30 Ivory Street, the house on the 555 sqm property features four bedrooms and three designer bathrooms.

Tags: 
Melbourne Residential Auctions

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