Brighton bathing box, plus Cranbourne North sales among weekend auction records
Melbourne secured the nation's strongest weekend auction success rate which included a record $337,000 auction price for a Brighton beach bathing box.
Bathing box 76B was a “surprise” purchase for his family by a grandfather of 10.
The red and white striped bathing box sold along with the neighbouring box, another recently built by the Bayside council, No. 76C, which sold for $320,000.
“(This is for) my children and 10 grandchildren. We’ll spend weekends here.
“There’s no better place than this," he told the Herald Sun.
Both offerings, about 6mx4m in size, had reserves of $290,000.
Auctioneer Nick Johnstone said both required to pay GST on top of the purchase prices.
The previous highest reported price for Dendy Street beach was $326,000, achieved by box 85, which Johnstone sold just before Christmas in 2016.
Box 60 sold for an undisclosed figure above $330,000 in 2017.
The council has built and auctioned one or two boxes a year since 2013 as part of a project to fill in gaps between the existing ones and raise money to better the beach.
Only Bayside residents and ratepayers can purchase the Brighton sand shacks.
Melbourne's top notified sale was at Mount Eliza at $3.59 million.
The four bedroom 1928 bungalow, set on 1250sqm, above the Moondah Beach bathing boxes , had been held for three generations.
Its stately lounge room came with intact period details that include decorative timber panelling and rarely encountered ceiling molds depicting native wildlife.
The home at 6 Kunyung Road was listed with $2.5 million to $2.75 million price guidance through Vicki Sayers at RT Edgar.
Its price guidance was based on three 2018 sales on the clifftop location.
1 28 Kunyung Road Mount Eliza 3930 | $2,625,000 | 06/02/2018 |
2 21 Matong Road Mount Eliza 3930 | $1,850,000 | 08/02/2018 |
3 2-4 Kunyung Road Mount Eliza 3930 | $4,100,000 | 22/01/2018 |
It did not come with a bathing box.
Melbourne saw an increase in clearance rate and volumes with a total of 1,326 Melbourne homes taken to weekend auction returning a preliminary clearance rate of 65.5 per cent, up on the 63.6 per cent last week when a lower 914 auctions were held.
The sales included a record price at Cranbourne North.
The double brick Hackham home was marketed as being in very average condition, so there was opportunity to either renovate or knock the house over and build two properties.
Nationally the number of homes taken to auction across the combined capital cities rose this week, with a total of 2,539 held, according to Corelogic.
The higher volumes returned a preliminary clearance rate of 62.5 per cent. Last week, there were 1,799 capital city auctions returning a 62.2 per cent final clearance rate.
More homes in Sydney went to auction this week at 805 compared to 551 last week.
Sydney's cheapest sale was $366,000 at Lakemba.
The two bedroom 2/61 Colin Street ground floor unit had traded at $299,000 in 2005.
The family’s Canada Bay investment property site has a rundown 1970s home at 555 Lyons Road West.
The auction sign had “withdrawn” slapped across the sign.
Canada Bay Council had rejected Mehajer’s plans.
Channel 7 reported the inner-west plot was bought in 2015 for $1.4million but revised plans to build a multi-storey home with views over the Parramatta River failed to proceed after 22 neighbours in total objected to the development application.
“We’ve had an offer, but it wouldn’t be accepted,” Century 21s Fay Petrou told The Sunday Telegraph.
The property developer and former deputy mayor of defunct Auburn council rose to prominence in 2015 for his lavish wedding to now ex-wife Aysha.
The weakest Sydney region was Blacktown at 22 percent.