Top weekend sale in Sydney as Adelaide and Canberra auctions strong

Top weekend sale in Sydney as Adelaide and Canberra auctions strong
Top weekend sale in Sydney as Adelaide and Canberra auctions strong

The former Olympic team chef de mission, Kitty Chiller, sold her East Melbourne property, but only after negotiations followed its weekend auction.

The two-bedroom townhouse attracted just the one bidder, an increasing trend at auctions across the capital cities.

Listed with $1.75 million to $1.925 million guidance, Gary Peer agents Adam Paykel and Darren Krongold sold the 1975-built property after it was passed in at $1.66 million.

The sale price was not disclosed.

The Hotham Street property (top) had been tenanted for 16 years having been in her family since 1981 when it cost $128,000, The Herald Sun reported.

Even with four registered bidders, there were post-auction negotiations needed to secure a $2,425,000 Drummoyne sale in Sydney.

The three bedroom 9/68a-70 St Georges Crescent penthouse (below) had been passed in at $2.3 million. The price guide had been $2.35 million.

Top weekend sale in Sydney as Adelaide and Canberra auctions strong

Lynsey Kemp, of Belle Property negotiated a post-auction sale to a buyer from Hong Kong who plans to use the property as a Sydney base.

The highest preliminary clearance rate was again recorded in Adelaide where 68 per cent of the 50 reported auctions were successful, followed by Canberra, where 65.2 per cent of the 46 reported auctions cleared.

Click here to enlarge.

Top weekend sale in Sydney as Adelaide and Canberra auctions strong

There was an unusual auction occurrence when a Watson house sold for $761,000 under no-reserve auction conditions with the proceeds going to charity.

There were 25 registered bidders when an original 1960s Canberra red brick home which had a staggering 45 contracts issued during the Ray White campaign.
 
Local Canberra man Lionel Moore, who passed away in March, willed his home to the children’s cancer charity, Camp Quality.
 
The 664sq m property at 5 Harding Street, Watson (below) had been owned by Mr Moore for more than five decades.
 
Top weekend sale in Sydney as Adelaide and Canberra auctions strong

The preliminary national clearance rate sat at to 58.7 per cent this week, after last week saw the final clearance rate revise down to just 52.4 per cent. 

Auction volumes were lower over the week with 1,842 homes taken to auction across the capital cities, down from 2,002 last week as the winter hibernation sets in.

Melbourne was host to 946 auctions over the week, returning a preliminary clearance rate of 62.3 per cent. Over the same week last year, there were 1,047 auctions held in Melbourne, returning a clearance rate of 70.7 per cent.

There were 635 auctions held in Sydney returning a preliminary auction clearance rate of 55.3 per cent. 

"This time last year, 68.2 per cent of the 939 auctions held were successful," CoreLogic auction analyst Kevin Brogan noted.

The nation's top seller was a pre-auction sale at Turramurra in Sydney's upper North Shore (below).
 
Top weekend sale in Sydney as Adelaide and Canberra auctions strong

The double brick residence designed and built by Chateau Architects and Builders for its 1220sqm level block at 29 Trentino Road sold for $4.3 million through Di Jones Real Estate.

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Clearance Rate Weekend Auctions

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