Red hot competition when a towering Stawell fire station landmark

Red hot competition when a towering Stawell fire station landmark
Red hot competition when a towering Stawell fire station landmark

Agent Ross Matthews has it listed at $465,000.

Red hot competition when a towering Stawell fire station landmark

There were 1,472 homes taken to auction across the combined capital cities this week, increasing from 1,026 over the prior week, although still much lower than the 2300 this week last year.

CoreLogic's preliminary results put the national clearance rate at 58.8 per cent, up from last week’s final clearance rate of 50.4 per cent.

The same time last year saw the clearance rate at 62.1 per cent. 

Red hot competition when a towering Stawell fire station landmark

"Once final results are collected, the final clearance rate will most likely revise down to the low 50 per cent range," auction analyst Kevin Brogan said.

In Melbourne, 678 homes were taken to auction, up from 498 over the previous week. The same week last year saw 1,144 homes taken to auction across the city. Melbourne's preliminary auction clearance rate came in at 60 per cent, up from 53 per cent over the previous week, although lower than this time last year (63 per cent).

A South Yarra apartment sold for $1.58 million, as 180,000 over reserve, when offered for the first time since it was built in 1935.

The 3/7 Alexandra Avenue offering (below), with Yarra River views, sold through Biggin & Scott agent Tom McCarthy who had five bidders.

Red hot competition when a towering Stawell fire station landmark

The Herald Sun reported the successful buyers were from the country who will use it as a bolt hole.

Sydney was host to 535 auctions this week with preliminary results returning a 66.6 per cent clearance rate across the initial 326 results. 

Over the previous week, 332 auctions were held across the city and a final clearance rate of 52 per cent was recorded. 

This time last year, 63 per cent of the 797 Sydney homes auctioned were successful.

The highest residential sale in Sydney from yesterday was 27A Kingsland Road, Strathfield (below) for $2,780,000 though Richardson and Wrench Strathfield.

Red hot competition when a towering Stawell fire station landmark

It last sold at $1.4 million in 2005.

Domain noted the house attracted 12 registered bidders, with eight active when the home sold for more than $200,000 over reserve.

Across the smaller auction markets, Brisbane was the only city to see a fall in both auction volumes and the clearance rate week-on-week, while year-on-year, all capital cities saw a fall in auction volumes.

Brisbane's priciest sale was a five bedroom 2006-built Queenslander at 102 Belgrave Street, Morningside which had sold in 2013 at $900,000.

The nation's cheapest result was a pre-auction sale in St Kilda at $198,500.

Hockingstuart advertised the Cosmos studio at 4/42 Waterloo Crescent as affordable. At less than 30 sqm, it last sold at $131,000 in 2007.

The late 1950s unit was marketed with a price guide of $190,000 to $209,000.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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