Competitive bidding from across the country has kept Ray White’s clearance rate healthy on one of the last weekends of spring.
The leading auction group recorded a solid 63 per cent preliminary clearance rate today, which has climbed to levels last seen in mid-April. There was an average of 3.5 registered bidders and 2.4 active bidders attending a Ray White auction somewhere across the country. On average, sellers who sold under the hammer today made almost 10 per cent more on top of their sale price than if they had taken a prior offer on their property.Sydney’s inner west boasted the top Ray White auction sale today. Directors of Ray White Surry Hills, Ercan Ersan and Matthew Carvalho, sold 9 Harrow Rd, Stanmore for $4.1 million to a young couple looking for a bigger home for their growing family.It was an Adelaide auction that had the top number of registered bidders. Ray White Woodville’s Peter Kiritsis attracted 14 bidders to his auction at 12 Royal Cl, Findon.
SYDNEYRay White New South Wales chief auctioneer Alex Pattaro said it had been another strong weekend of bidding activity.“There should be no fear for sellers coming to market or buyers purchasing real estate as it feels we’ve arrived at a level where buyers and sellers are happy to transact, which is reflected in our bidding numbers and clearance rates,” Mr Pattaro said.“We’ve had three years of an insane market, it is important that anyone looking to transact in this market understand that what we’re in is a normal market!” 9 Harrow Rd, Stanmore
Agents: Ercan Ersan and Matthew Carvalho, Ray White Surry Hills | Alexandria | Glebe | Erskineville
Sold for $4.1 million
Two registered and active bidders
Auctioneer: James Keenan, Ray White
“The opening bid was $3.7 million and it eventually went to a young family upsizing from Newtown (pictured above). The seller was a local builder,” Mr Ersan said.“It was 400sqm, completely renovated with resort style facilities in a great location. Homes like this come on the market maybe every ten years. If you miss something like this, you can’t just get another one.”
29 Henley Marine Drive, Five Dock (pictured above)
Agent: Fiona Hellams, Ray White Inner West
Sold for $2.825 million
Nine registered bidders and three active bidders
“At the start of the auction, I had two registered bidders and then by the end of it I had nine. The rest all showed up mid-auction,” Ms Hellams said.“The guy who bought it had only just come on the day and that doesn’t happen as much in a market like this, it’s more common in a much more buoyant market.“The house sold over reserve and interest during the campaign was in the early $2 millions.“The buyer was buying it for his mum, she lives in the area at the moment and loves it.“It’s exciting that someone can come in and look at a property on the day and bid so strongly.”
Agents: Giuseppe Murace and Nathan Leuzzi, Ray White Cherrybrook | Thornleigh | West Pennant Hills
Sold for $1.501 million - reserve was $1.4 million
Seven registered bidders and four active bidders
“The property was really well received during the campaign because it’s the perfect entry level home in the area. It’s also a really good investment and good for people who wanted to knock it down and rebuild,” Mr Murace said.“The buyers were a lovely first home buying couple, upsizing from Wahroonga.“The home was built well before Cherrybrook was a suburb and it has to be around 80 years old. It was renovated and extended and the 89-year-old seller adored her garden.”MELBOURNERay White Victoria and Tasmania chief auctioneer Matthew Condon said this week had seen an increase in auction volume across the state with just over 170 auctions scheduled for Ray White Victoria.
“We are continuing to see an increase in the number of properties launching to market with many sellers choosing to schedule theirs in late December," Mr Condon said.
“This has provided buyers with more choices, with preliminary data from the Ray White Group revealing a slight drop in the average number of active bidders per auction. It was also noticeable on the ground with a number of buyers being very reactive rather than proactive in their bidding strategies.
“Properties that are priced in line with market expectations continue to attract high levels of interest and are ultimately experiencing great auction day results.
“Our clearance rate continues to remain solid and as a group we are expecting a strong finish to the year.”
63 Craig Hill Drive, Wheelers Hill (sellers pictured above)
Agents: Cristine Jones and Andrew Tomlinson, Ray White Ferntree Gully
Auctioneer: Jeremy Tyrrell, Ray White
Sold for $1.385 million - $135,000 above reserve
Four registered bidders and three active bidders
“It began at $1.2 million and with the competitive bidding, it only lasted for about 20 minutes,” Ms Jones said.“The buyers were a family with two teenage kids while the underbidders were a couple who were downsizing and only saw the house on Thursday evening.“The big drawcard was the beautiful view and well maintained home.”
42 Strathconnan Pl, Wheelers Hill
Agents: Courtney Matthews and Claire Liang, Ray White Mount Waverley
Auctioneer: Courtney Matthews
Sold for $2 million - $1.8 million reserve
Two registered and active bidders
“The buyers were a young family who moved to Australia not too long ago and had been looking for a large family home near Caulfield Grammar School,” Mr Matthews said.“The sellers were a couple who were downsizing to Mount Waverley and replacing their large, double storey home for a single level home in walking distance of the local shopping precinct.“The number one thing about the house is that it’s been fully renovated inside so there’s nothing that needs to be done. The school zone was also a big draw.”
10 Angus Court, Oakleigh South
Agents: Leigh Kelepouris and Daniela O’Connor (pictured above with the buyer), Ray White Oakleigh
Auctioneer: Robert Cincotta, Ray White Oakleigh
Sold for $1.110 million
The price guide was $900,000 to $990,000
Six registered and active bidders
“The buyers were a young, first home buying couple who had been looking for a while. Their parents were there, helping them bid at auction,” Mr Kelepouris said.“The sellers were an older couple who built the home 30 years ago and are now downsizing to be closer to their kids.“It’s one of the best maintained homes I’ve seen in a little while. And the fact that there are no good family homes on the market at the moment and this one had multiple living areas and bathrooms in a quiet location was a big drawcard.”
Agents: Trish Orrico and Shayla Spiteri, Ray White Craigieburn
Auctioneer: Trish Orrico
Sold for $1.23 million
Four active bidders
“The owner was an investor from Camberwell and the buyers were a family moving all the way from Bendigo,” Ms Orrico said (pictured above with the buyers and sellers).BRISBANERay White Queensland chief auctioneer Gavin Croft said there were still gaps between seller expectations and where buyers saw the market.“It's a very typical theme that we're seeing there,” Mr Croft said.“But more and more sellers, as evidenced by the volume that I'm certainly seeing, are coming to auction at the moment because they're grappling and trying to understand exactly where their property sits in the market.”
Agents: Oliver Jonker and Bohdie Carter, Ray White Ascot
Auctioneer: Phil Parker, Ray White
Sold for $942,000 - the reserve was $910,000
Four registered bidders and three active bidders
“It was a really good auction with all local bidders and started at $800,000,” Mr Jonker said (pictured above with the seller).“The person who ended up buying it lived and owned in Boondall. He was looking to purchase an investment property because he’s positive about the outlook of the Brisbane market.“The sellers have had it as an investment for the last seven years and now live down the coast. They bought it brand new from the builder in 2005.“Brand new properties are still achieving a premium but buyers have lost their appetite for renovators at the moment. Anything that needs work, buyers aren’t chasing.”
Mr Jonker (pictured above with Phil Parker) also went on to sell 20 Lilley St, Hendra for $1.718 million at an auction with four registered bidders, two who battled it out for the keys. The bidding opened at $1.6 million and the winning bidders were a local family planning to live in the property.ADELAIDERay White South Australia chief auctioneer John Morris said it wasn’t the storm that blew most people away today, it was bidding at auctions.“The stories I'm hearing from other auctioneers around the traps are that everything is selling with plenty of registered bidders turning up and plenty of action in and around South Australia,” Mr Morris said.“What I've worked out in the last few weeks is that your chances of selling under the hammer with Ray White as opposed to one of the competitors increases by 12 per cent.“And that is based on the figures coming out from CoreLogic and the figures coming out from Ray White. Your chances of selling under the hammer with a Ray White agent increase exponentially and that's because we are the competition creators.“We know what we're doing when it comes to auctions and we live and we breathe the auction method.”
25 Claremont Ave, Oakden (pictured above)
Agents: Stefan Siciliano and Lawrence Cocca, Ray White Norwood
Auctioneer: John Morris, Ray White
Sold for $1.205 million
13 registered bidders and eight active bidders
“The buyers were a local family who had actually been looking for two years! They are thrilled to have finally bought something,” Mr Siciliano said.“They have a boat so they really loved the huge shed that’s also perfect for a car enthusiast. The house has been well maintained and only had one owner since it was built in 2008.”
12 Royal Cl, Findon (pictured above)
Agents: Peter Kiritsis and Peter Balales, Ray White Woodville
Sold for $770,000
14 registered bidders and six active bidders
