Carlton recruit Aaron Mullett secures $1.011 million after pre-auction offers for Flemington home

A Fitzroy residential conversion that was once home the Victorian Movie Makers' Society fetched $3.7 million at weekend auction.

The clean-edged 1950s building - where 8mm amateur film sessions was all the rage - had been converted many years ago into a contemporary three bedroom home.

The Victorian Movie Makers signage is still etched on to the facade, despite the group selling the property for $571,000 in 2002.

Set near the Gertrude Street design precinct, there was a $3.5 million to $3.7 million price guide through Nelson Alexander Fitzroy agents Arch Staver and Luke Chisholm.

Centred around an open plan living room with soaring nine metre ceilings, the home features a master bedroom retreat with ensuite. The second living room flows to a landscaped alfresco entertaining terrace.

It last traded for $2.85 million in 2014.

The cheapest weekend sale across the country's capitals was nearby in Melbourne's Brunswick.

The one bedroom 14/38 Canberra St, Brunswick villa fetched $282,000. There had been $245,000 to $270,000 pre-auction price guidance.

It last sold at $20,000 in 1982, having sold at $24,000 in 1981.

The top Melbourne sale was $6.3 million in Malvern through RT Edgar.

The pre-auction guidance had been $5.5 million to $6 million for 13 Wilks Avenue.

The renovated 1930’s family residence sits on a 913 sqm block in the coveted Stonington Estate.

It last sold at $2.15 million in 2004.

Elsewhere in Melbourne Carlton recruit Aaron Mullett secured $1.011 million on Friday night (photo above) after three pre-auction offers for his Flemington home of three and a half years. 

Mullett has shared the Princes Street two-bedroom, one-bathroom home, with his fiancee Elle.

The property, which sold in 2014 for $760,000, hit the market with a $890,000-$979,000 price guide through Alexkarbon Real Estate.

Corelogic's preliminary auction clearance count indicated the success rates had soften as the number of auctions surged to the second busiest week so far this year.

 

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There were 3,097 homes taken to auction across the combined capital cities this week, showing a 67.5 per cent success rate.

 

In comparison, 1,764 auctions were held last week and the final clearance rate came in at 63.3 per cent.

 

Over the same week last year, auction volumes were lower with 2,916 homes going under the hammer across the combined capital cities, although the clearance rate was a stronger 74.1 per cent, CoreLogic auction analyst Kevin Brogan advised.

 

"Looking at auction volumes, Perth was the only city to see a slight fall in the number of homes taken to auction this week, while all other cities increased," he noted.

 

In Melbourne, a preliminary auction clearance rate of 68.9 per cent was recorded across 1,656 auctions, down from 70.8 per cent across just 453 auctions on the prior holiday weekend. 

 

Sydney was host to 1,055 auctions this week, with preliminary results showing a 67.8 per cent success rate, up from 62.2 per cent across 974 auctions last week.

"Buyers certainly feel like the tides have changed," Cooley Auctions' auctioneer Damien Cooley told the Australian Financial Review, adding he won't call it a buyers' markets unless clearance rates are less than 50 per cent.

This time last year, the clearance rate was a stronger 76.8 per cent across 1,001 auctions.

 

Sydney's top house sale was $5 million on Kogarah Bay through McGrath Estate Agents (below).

 

The five bedroom house at 78 Carlton Crescent came with boast shed on its 500 sqm holding which last sold four decades ago.

 

 

Adelaide recorded the highest mainland preliminary clearance rate at 69.7 per cent.