Queenscliff cottage sells at $5.55 million at weekend auction

Queenscliff cottage sells at $5.55 million at weekend auction
Queenscliff cottage sells at $5.55 million at weekend auction

Canberra was the hottest capital city weekend auction market, but one of Sydney's last remaining clifftop cottages took the top sale price.

The Canberra sales ranged between $376,000 at Calwell to $1.34 million in a pre-auction sale at Ainslie.

The top sale was a 1959 weatherboard, with brick fireplace at 75 Tyson St, Ainslie. It had last sold at $439,950 in 2002.

Canberra's top result was a close-run race as there was a $1.325 four bedroom Deakin home sale and a $1.31 million sale at O'Connor of another 1950s home.

Click here to enlarge.

Queenscliff cottage sells at .55 million at weekend auction

Canberra's cheapest $376,000 sale was a three bedroom townhouse with 98 sqm living space at 32/36 Fink Crescent, Calwell. It had last sold at $360,000 in 2010.

A three bedroom Queensland mortgagee offering was the nation's top weekend result.

The 51 Rosemary St, Caboolture South home (below) fetched $210,000.

Queenscliff cottage sells at .55 million at weekend auction

It previously sold at $255,000 in 2008 shortly after which it became a $255 a week rental.

Sydney scored the weekend's top sale when Belle Property sold a Queenscliff home (top) for $5.55 million at a packed auction with over 100 locals attending.

The 17 Pavilion Street offering was marked by Belle Property Manly agent Anthony Calacoci as Sydney's last original clifftop house.

The guide for the clifftop property was $4.8 million.

With views north and south over the ocean, it was a one-bedroom cottage without parking on 340sqm of land.

It hasn’t traded for four decades having beeb built for a fisherman.

The next highest across the country was when $4 million was paid pre-auction for a home in Clontarf.

The three level hillside 24 Peronne Avenue, Clontarf home (below) was offered through LJ Hooker. It had been initially listed last October with $4 million hopes.

Queenscliff cottage sells at .55 million at weekend auction

It was a relatively quiet auction weekend in Melbourne due to the Labour Day public holiday.

The highest result was a two house, 1650 sqm consolidation at 1399-1401 Dandenong Road at Malvern East at $4.66 million.

It was tipped to fetch $4.4 million to $4.6 million.

Melbourne's dearest house sale was $2.465 million when 172 Clark Street, Port Melbourne was offered.

It was a three bedroom brick home which was marketed as a likely knockdown with a $2 million to $2.2 million price guidance.

Queenscliff cottage sells at .55 million at weekend auction

Melbourne's cheapest sale was $245,000 at Footscray.

The 8/18 Eldridge Street, Footscray one bedroom apartment was expected to have fetched between $250,000 and $275,000.

The 55 sqm apartment needed to be renovated.

CoreLogic calculated the capital city preliminary clearance rate rose to 67.3 per cent, with auction activity across the capitals significantly lower.
 
There were 1,721 auctions held across the combined capital cities, significantly lower than the 3,026 held last week.
 
"The fall in auction volumes this week is due to the fact that four of the eight states and territories have a public holiday on Monday," CoreLogic auction analyst Kevin Brogan said.
 
"The preliminary clearance rate across the combined capital cities rose to 67.3 per cent this week, up from 63.6 per cent last week, although this will revise as more results are collected over the week.
 
"Over the same week last year, the clearance rate was recorded at 75.1 per cent," he said. 
 
The two largest auction markets, Melbourne and Sydney, saw their preliminary clearance rates rise, with Sydney at 66.6 per cent across 936 auctions and Melbourne at 72.2 per cent across 447 auctions.
 
Looking at results by property type, units outperformed houses again across the capitals with 70 per cent of units selling at auction, while 66 percent of houses sold.
Tags: 
Auction Market Residential Auction

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