Auction levels bounce back

Auction levels bounce back
Auction levels bounce back

Auction activity across the combined capital cities increased after last weekend's grand final and public holiday slowdown.

Some 1,809 homes taken to auction, almost doubling from the 895 prior tally last weekend.

The preliminary auction clearance rate was 53.7 per cent, well up on the final auction clearance rate of 45.8 per cent of the long weekend.

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Auction levels bounce back

It had been the lowest clearance rate seen since June 2012 when there was a 42 per cent result.

Compared to one year ago, clearance rates and auction volumes continue to track lower with the same week last year recording a 64.4 per cent clearance rate across 2,318 auctions.

Melbourne saw 904 homes taken to auction with a preliminary 54.4 per cent success rate.

The most expensive house sold in Victoria was 14 Christowel Street, Camberwell (above) which fetched $3.125 million.

It was at the lower end of the Noel Jones agency price guidance which had been $3.1 million to $3.4 million.

The five bedroom 1920s home sat on 1172 sq m with towering Copper Beech tree in its front yard.

There was a blue slate fireplace in the 30 feet long grand sitting room.

Sydney returned a preliminary auction clearance of 53.5 per cent with 606 Sydney homes taken to auction.

It's highest sale was $3.7 million pre-auction through Ray White of a grand 1930's Stockbroker Tudor style home at Warrawee.

Framed by parterre gardens, the five bedroom John Brogan designed home at 32 Heydon Avenue (below) had last sold at $1.78 million in 2003.

Auction levels bounce back

The dearest Sydney offering to sell under the auction hammer was at Bronte when a home last traded six decades ago fetched $3,565,000.

The four-bedroom property on a 452 sqm block at 8 Gardyne Street (below) fetched $65,000 above reserve.

Auction levels bounce back

Phillips Pantzer Donnelley’s Alexander Phillips had three buyers register and all participated, but it was a struggle, The Sunday Telegraph reported.

Adelaide was the best performing capital city with a 66.1 per cent success rate across 62 auction results, followed by Canberra, where 63.9 per cent of the 61 reported auctions were successful.

Adelaide's offering fetched from the $305,000 pre-auction sale of the three bedroom home at 15 Fourth Street, Wingfield to $1,255,000 for the five bedroom house at 53 Marlborough Road, Westbourne Park, which had $990,000 price guidance

The 1968 single level brick Wingfield house had sold at $205,000 in 2007.

At $210,000, Brisbane's fringe had the cheapest reported result when 22 Ash Avenue, Laidley found its buyer.

The four bedroom home was a mortgagee in possession offering.

It previously traded in 2009 at $129,000.

 

Tags: 
Clearance Rate Weekend Auctions

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