Sticks and Wombat Elsternwick cottage renovation resold for slightly more

Sticks and Wombat Elsternwick cottage renovation resold for slightly more
Sticks and Wombat Elsternwick cottage renovation resold for slightly more

Sticks and Wombat’s Elsternwick renovation from the last season of The Block sold after its weekend auction.

Listed with initial $2.65 millionth $2.75 million price hopes, it fetched $2.83 million through Michael Paproth and Peter Kakos at The Agency.

There were two bidders and no television cameras when the five-bedroom, four-bathroom home went to its onsite Sunday afternoon auction.
 
Passed in at $2.66 million, its sold vert shortly after negotiations to a family from the inner south-eastern suburbs.

The 46B Regent Street last sold for $2.65 million amid the Block's typical frenzy last October.

Larrikins, Mark “Sticks” Croker and Clint “Wombat” Price were fourth place getters on the stressful renovation television series.

Taking home a profit of $130,000, it had been built with an extensive use of reclaimed timber.

The New South Wales representatives had been judged as having the best hallway, front facade and garden.

Canberra was the standout capital city at weekend auctions with the strongest preliminary clearance rate of 68.1 percent, according to CoreLogic.

Prices ranged between $450,500 at Barton and $1.5 million at Braddon.

The one-bedroom Barton apartment (below) had 69sqm of living space plus a 37 sqm balcony, security car space and storage cage.

Sticks and Wombat Elsternwick cottage renovation resold for slightly more

Set in the 2004-built Landmark, the Blackall Street property had been a $430 a week rental in 2016.

The 46B Girrahween Street, Braddon offering was a single level, four bedroom home with private easy care gardens. 

Built in 2003, the property has tenanted at $1,000 per week increasing this month to $1,025 per week until July 2019

It rates were advised as $1,044 pq and its land tax as $1,760 pq.

Only 45.1 percent of Brisbane homes sold including the nation's cheapest weekend result.

It was a $150,000 home at 14 Akebia Street, Russell Island (below) which was sold under mortgagee instruction. Russell Island is the biggest of the Southern Moreton Bay Islands, situated between the mainland and North Stradbroke Island.

Sticks and Wombat Elsternwick cottage renovation resold for slightly more

The three bedroom home had been for sale earlier this year at $229,000 with $235 a week tenancy on offer.

The combined capital cities saw an increase in the number of homes taken to auction to 1,985 auctions held, up from 1,916 auctions.

The preliminary auction clearance of 55 percent was lower than the previous week’s 55.3 per cent final clearance rate.

"This week’s clearance rate is the lowest preliminary result seen so far this year, it will be interesting to see how this revises as final results are collected," CoreLogic auction analyst Kevin Brogan said.

"So far the Spring selling season has seen a lower volume of auctions take place each week relative to the same period last year, demonstrating the reluctance within a softening market," he added.

There were 991 Melbourne homes taken to auction this week, down on one year ago's much higher 1,265 homes.

Melbourne posted a preliminary clearance rate of 57.2 per cent.

Melbourne cheapest sale was a studio apartment at 302/18-34 Station St, Sandringham (below) which fetched $275,000.

Sticks and Wombat Elsternwick cottage renovation resold for slightly more

A kew home was Melbourne's dearest. The renovated 1890s Victorian house at 2 Belmont Avenue, Kew (below), offering with a price guide of $3.5 million to $3.85 million, sold to a Kew downsizer for $3.83 million.

Sticks and Wombat Elsternwick cottage renovation resold for slightly more

In Sydney, 52.6 per cent of properties sold, with 665 homes taken to market.

Last year, there were 916 Sydney homes taken to auction with 64.2 per cent being sold.

Sydney has the nation's top sale which was secured in a pre-auction offer for 15 Kareelah Road, Hunters Hill.

The five bedroom non-riverfront 1871 sandstone residence Doonbah, set on the peninsula with views over the Parramatta River back to the city, fetched $5.61 million through Tracey Dixon at McGrath.

There had been a $4.85 million price guide.

It was sold by Matt and Jo Sandford, founders of online personal card seller Yellow Postie.

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The Block Spring Market

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