Manly scores weekend top result in pre-Easter auction rush

Manly scores weekend top result in pre-Easter auction rush
Manly scores weekend top result in pre-Easter auction rush

A five-bedroom home in Manly fetch $9.71 million, the weekend's top result, when national auction levels hit all time highs in the pre-Easter sales rush.

The home at 67 Bower Street (pictured above), one of nearly 1100 to go under the hammer in Sydney on the biggest auction day so far of the year, sold for close to $2 million above the reserve.

Clarke & Humel agents Michael Clarke and Cherie Humel indicated two buyers were especially keen.

There were six bidders registered, with four active after bidding started at $7 million for the house built in the style of a resort-like Mediterranean luxury villa.

Across the harbour, the prominent Sydney restaurateur Kingsley Smith and hotelier wife Natasha Stanley secured $8.45 million when their Vaucluse home went to auction.

The couple paid $5.01 million for the home in 2014. 

The Vaucluse property was custom-built by architect Ian Poole for former owners, with six bedrooms, separate guest accomodation, a study and a heated infinity edge swimming pool amid manicured gardens. 

McGrath Group had a guide of $8 million.

There was also a strong result in Sydney's inner west, where a six-bedroom Strathfield home on 1,359 square metres fetched $5.9 million.

The 64 Redmyre Road, Strathfield sale was $600,000 above reserve through Strathfield Partners agents Robert Pignatoro and Vanessa Kim.

The property had failed to sell in a campaign with other agents last year.

There’d been eight groups register, with The Sunday Telegraph reporting a local Chinese family were the successful purchasers with a local Vietnamese family the underbidders.

CoreLogic calculated the total of 3,967 auctions held across the combined capital cities exceeded the previous highest week on record - the week ending 30 November 2014 when 3,908 auctions were held. 

Sydney's preliminary clearance rate stood at 66.2% based on the initial 1037 reported results.

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Manly scores weekend top result in pre-Easter auction rush

The weekend's cheapest sale was a one bedroom at 16/57 Kingsville Street, Kingsville in Melbourne's inner west.

The updated top floor, second level 1970s apartment sold for $247,000. Its price guidance had been $210,000 to $230,000.

It last sold in 2002 at $110,000. It had been a $240 a week rental until recently.

There was a $5.8 million Toorak sale which was among the top Melbourne results.

The 725 square metres lot at 27 Linlithgow Road came with the option to complete the somewhat progressed luxury two apartment Tudor style re-development or start again on a single home. The price guidance has been $4.2 million to $4.6 million.

The owners were going to live upstairs and sell downstairs, but a dispute unfolded between them and the builder, resulting in work stopping around a year into the construction.

Four of the six bidders were Chinese with local residency. The buyer was a high net worth Chinese buyer, who lives in Toorak. 

A converted Fitzroy church hall at 182 Fitzroy St — which featured as the home in Guy Pearce's TV drama Jack Irish — sold for $2,446,000 bettering its reserve by $446,000.

There had been $1.9 million to $2 million price guidance for the gold-rush-era Independent Hall which has served as a church, Aboriginal mission, kindergarten and film set.

Since 1973, it’s been a home, Nelson Alexander agent Rick Daniel said.

"Across Melbourne, a total of 2,078 homes were taken to market across making it a record busiest week in CoreLogic history; surpassing the previous record over the week ending 29 October 2017 when 1,983 auctions were held," Kevin Brogan, the CoreLogic auction analyst said.

Melbourne's preliminary auction clearance rate fell with these higher volumes to 67%, down from the previous week's 68.7%.

Canberra had the nation's highest preliminary auction clearance rate at 73.8%, based on the results of 107 of the 129 scheduled auctions. 

Canberra's top sale was a luxury Yarralumla residence designed by architect Paul Tilse.

Its land value was put at $937,000 with a single level solar passive contemporary home that has a 6 out of 6 star energy rating. 

It was constructed in 2016 by builders Sutton and Horsley in the grounds landscaped by Foxy's Landscapes.

Brisbane reported a 49.2% preliminary clearance rate with 194 scheduled auctions, down from the final figure of 51.9% over the prior weekend.

Brisbane's cheapest sale was $320,000 in Hamilton. The 1/104 Windermere Road offering was last sold at $38,000 in 1980.

The Ray White selling agent Guy Horsley said the vendor was moving to a retirement home.

Set in a block, Coniston of only four units, it came with three bedrooms and one bathroom with lock up car accommodation, with 125 square metres living space.

Adelaide's 67.3% success rate, with 143 scheduled auctions, was the second best across the capital cities.

But it was below the previous week's preliminary 69.7% figure which ended with a final revised tally of 64.3%.

Adelaide prices ranged from $395,000 at Trott Park to $1.62 million at Norwood.

The three bedroom sandstone 105 George St, Norwood offering through Toop & Toop had been in the same family for six decades.

The four bedroom split level 46 Hessing Crescent, Trott Park offering had come with $350,000 price guidance.

Tags: 
Manly Weekend Auctions

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