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

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

Mullett landscaped the back and front yards of the single storey red brick house which came with high ceilings, polished hardwood floors.
 
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.
 
Click here to enlarge.
 
Carlton recruit Aaron Mullett secures <img src=
 
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.
 
Carlton recruit Aaron Mullett secures <img src=
 
Adelaide recorded the highest mainland preliminary clearance rate at 69.7 per cent.
 
But Saturday's South Australian election prompted estate agent Charles Booth to delay the auction of a five-bedroom Prospect house until next Thursday night, sensing some people were delaying decisions until after the result.
 
The 31 Alpha Road offering was a 1926 Tudor style house on 2,100 square metres with a price guide between $2.9 million and $3.1 million.
 
CoreLogic calculated the number of scheduled auctions in the SA capital on the weekend was 99, up from 94 last weekend but down from 115 the weekend prior.
 
Canberra's top sale was 90 Dominion Circuit, Deakin which fetched $3.75 million through Luton Properties.
 
The five bedroom house last sold in 1996 at $725,000.
 
Canberra's cheapest sale was 9/2 Covington Crescent, Charnwood which fetched $322,000.
 
The single level two bedroom courtyard home was marketed as "in need of attention."
 
Brisbane's cheapest was $466,000 for a three bedroom house at 15 Stonewood Street, Algester.
 
It last sold at $108,000 in 1999.
 
The dearest Brisbane sale was an acreage further south at 115 Frizzell Street, Stretton.
 
The three bedroom house sat on a 4047 sqm holding just 18 kms out of the CBD.
 
Brisbane's auction clearance rate was 55.8 percent.
 

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.

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Auctions Corelogic

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