Weekend Sales

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<p><span>There were over 3,000 capital city homes taken to auction over the last week of the spring selling season</span>, making it the busiest week for auctions of 2019.</p>
<p>Some 79 percent found buyers, according to preliminary CoreLogic figures, with Sydney out in front on around 84 percent.</p>
<p>"The latest results provide a timely test of the housing markets depth, with clearance rates holding up despite the large number of properties taken to market," Tim Lawless said.</p>
<p>The national tally was significantly higher than final results from one year ago when 41 percent of the 2,749 auctions found buyers.</p>
<p>Houses outperformed units with a success rate of 79.9 percent, while 76.6 percent of units sold at auction.</p>
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<p><span>Melbourne was host to 1,497 weekend with preliminary results showing a clearance rate of 78.3 percent, in what was its second biggest weekend of the year.</span></p>
<p><span>Its success rate increased from last week when the final clearance rate sat at 70 percent across 1,221 auctions. </span></p>
<p><span>Over the same week last year, the auction </span>clearance rate was significantly lower with 42 percent of the 1,378 auctions returning a successful result.</p>
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<p>Melbourne's top sale was $4.51 million in Hawthorn East (below). With five bedrooms and a study, the <a href="https://www.propertyobserver.com.au/https://www.jelliscraig.com.au/property-details-7-Rosslyn-Street-Hawthorn-East/850425" target="_blank">7 Rosslyn Street listing</a> which dates back to its 2010 construction had been expected to fetch between $4.1 million and $4.2 million. </p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/12/2/7%20Rosslyn%20Street%20Hawthorn%20East.jpg" alt=""></p>
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<p>There were 1,131 auctions held in Sydney this week making it the busiest week of the year, with preliminary results showing an 84.7 percent clearance rate, up from 76 percent across 940 auctions last week. </p>
<p>Over the same week last year 937 Sydney homes were taken to auction across the city returning a clearance rate of 41 percent.</p>
<p dir="ltr">The Sydney feel good real estate story was the auction of <a href="https://www.raywhite.com/nsw/randwick/2212317/?lang=en" target="_blank">39 Cowper Street, Randwick</a>, (below), where the beneficiary of the sale was Charles Sturt University.</p>
<p dir="ltr"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/12/2/39%20Cowper%20St%20Randwick.jpg" alt=""><br><br>Chris Williams of Ray White secured a $2,122,000 sale to a family of four. It last chnaged hands in 1986 for $60,000.</p>
<p dir="ltr">The bequests to the university will see scholarships to support disadvantaged women from the NSW Central West Region, enabling them to study at the university.</p>
<p>Results were mixed across the smaller auction markets, with Adelaide and Canberra showing a preliminary clearance rate around 70 percent, while only around half of the homes taken to auction in Brisbane and Perth were successful.</p>
<p>Adelaide had the nation's cheapest result when $145,000 was paid for <a href="https://www.propertyobserver.com.au/https://raywhitecraigmore.com.au/properties/residential-for-sale/sa/elizabeth-downs-5113/house/2207996" target="_blank">32 McKenzie Road, Elizabeth Downs</a> (below) in a mortgagee sale. The three bedroom timber home had last sold at $170,000 in 2009.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/12/2/32%20McKenzie%20Road%20Elizabeth%20Downs.jpg" alt=""></p>
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<p dir="ltr"><span>Brisbane's blue ribbon precinct of Kalinga saw a $5.15 million sale through </span>Ray White New Farm agent Christine Rudolph.</p>
<p dir="ltr">The auction of Winbrook, the five bedroom, five bathroom 2004-built property at <a href="https://www.raywhite.com/qld/kalinga/2204995/?lang=en" target="_blank">119 Nelson Street</a> saw a massive crowd of 200 onlookers.</p>
<p dir="ltr">The property comes with a full size, flood lit tennis court.</p>
<p dir="ltr"><span>“There were three registered bidders,” said Ms Rudolph.</span></p>
<p dir="ltr">Haesley Cush, the auctioneer, declared the property on the market at $5 million.</p>
<p dir="ltr"><span>"The winning family, which include three very sporty young boys, are former residents of the street, and familiar with the property.</span></p>
<p dir="ltr"><span>"When it came on the market they, according to Ms Rudolph “just had to have it.”</span></p>
<p dir="ltr"><span>It last sold at $4 million in 2017.</span></p>
<p dir="ltr">Of the 69 ACT homes scheduled for auction, the highest price paid was $3.85 million for a four-bedroom 1930s art deco home on 2475 sqm at <a href="https://www.propertyobserver.com.au/https://blackshaw.com.au/property/0000422445" target="_blank">18 Tennyson Crescent</a>, Forrest.</p>
<p dir="ltr">The home with 400 sqm internal space last sold at $3.5 million in 2017.</p>
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jchancellor-FAypfDUnLy

Sydney's busiest weekend closes spring 2019 on a high

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<p>A house set against a bushland backdrop at Deakin has been sold for $1,455,000, making it Canberra’s most expensive weekend sale.</p>
<p>Located at <a href="https://www.realestate.com.au/property-house-act-deakin-124881626" target="_blank">22 Galway Place</a>, the 1073 square metre property was designed by architect John Scollay and has been preserved in its original condition.</p>
<p>Entrance foyer leads to the north facing formal living room, which features built-in book shelves and open fireplaces.</p>
<p>Adjacent to the living room is the dining area, which connects to the rear garden.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/02/22%20Galway%20Place-2.jpg" alt=""></p>
<p>Timber kitchen features large laundry area, Westinghouse electric upright stove and cupboard space.</p>
<p>The family room/play area has three bedroom cubicle, each with their own built-in desk and wardrobe alongside two separate bedrooms, also each with their own built-in wardrobes.</p>
<p>There is an opportunity to add a second storey to the property due to the flat roof and solid construction.</p>
<p>The property was offered through Luton Properties agent Geraldine Collison.</p>
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j.ballantyne1990-6AQqhLzZaK

Bushland-surrounded Deakin, Canberra house sold for $1,455,000

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<p>Sydney Swans captain Kieren Jack sold his redundant Randwick home at weekend auction for $1,815,000.</p>
<p>Jack, who watched the auction while limbering up, was with partner, Charlotte Goodlet, then headed off to the SCG for the game against Port Adelaide.</p>
<p>He had paid $1.295 million for the 1920s Canberra Street home in 2012. There was bidding from two of the four registered parties after the $1.7 million opening bid.</p>
<p>After the auction Jack told one onlooker who congratulated him that it had been "stressful."</p>
<p>Set on 234 sqm, the dual level family home combines original Federation features and contemporary appointments.</p>
<p>It has two bedrooms, a recently renovated bathroom, modern kitchen and home office.</p>
<p>There's a low maintenance rear garden with barbecue area and treelined courtyard.</p>
<p>The home was sold by Australian Olympian turned estate agent Carl Wilson at Home Estate Agents. Carl represented Australia at the 1988 Summer Olympics in Seoul, competing in the swimming.</p>
<p>Jack has recently moved to his recently renovated Paddington home with Charlotte Goodlet.</p>
<p>He climbed onto the property ladder aged 22 just two years into his Sydney Swans career, buying a two bedroom Randwick apartment in 2009.</p>
<p>Set in a renovated block of nine units, Jack paid $570,000 for the apartment which was listed for rent at $560 a week in 2014. He retains the apartment on Mulwarree Avenue.</p>
<p>The Swans have are in line for another top eight finish, their 13th finals appearance in 14 years, having only missed the cut in 2009.</p>
<p><em>This article was first published in the Sunday Telegraph.</em></p>
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