Sydney sellers netted prices “well above reserve” and Melbourne agents reported strong competition among bidders in a busy Saturday of auction activity.
Latest realestate.com.au auction data shows New South Wales has a clearance rate of 71% for the week to date, while Victoria’s preliminary clearance rate stands at 75%.
These figures compare to preliminary rates of 66% in NSW and 72% in Victoria last Saturday.
Here’s what happened across the auction capitals today.
Melbourne
A four-bedroom house in Glen Waverley sold at auction today after first going under the hammer on 4 April – the first weekend when restrictions were enforced.
4 Glenview Court sold at auction for $1,415,000. Picture: realestate.com.au
Five bidders competed for the charming house at 4 Glenview Court, which is located in dual school zones.
Listing agent Belinda Van Suylen, of Ray White Glen Waverley, said there was “a lot of uncertainty” at the time of the original auction, but today’s result of $1,415,000 surpassed expectations.
“I was really impressed we had so many interested buyers today. The first weekend after restrictions came up, buyers just weren’t used to online auction and there was a lot of uncertainty,” she said.
“We surpassed the result today, which is great. The sentiment seems to be that things aren’t as bad as they could be and buyers they realise it’s a good time to secure property.”
2 Oulton St, Fawkner sold on-site for $810,000. Picture: realestate.com.au
In the city’s north, 2 Oulton St, Fawkner sold for $810,000 on-site this morning, after four bidders pushed the price above the $750,000-$800,000 guide.
The beautifully presented, four-bedroom house has retro charm but also scope for renovation or development, on a 575sqm corner block.
Nearby, a two-bedroom Coburg townhouse sold for 3/42 Loch St sold on-site for $675,000 after a battle between two bidders.
Read more about Melbourne’s Saturday auction action here.
Sydney
Vendors in Sydney had a big day of sales, prompting agents to urge other sellers to “get in quick”.
There were nearly 300 auctions held across the city, an unusually low figure for this time of the year, but the lack of seller competition helped many vendors get well above their reserves.
330 Wilson St, Darlington sold at auction for $1.95m. Picture: realestate.com.au
A six-bedroom house in Randwick for $3.265 million after attracting five bidders – all who submitted offers above the $3 million opening bid.
In the inner-west, a two-bedroom terrace in Darlington sold on-site for $1.95 million this morning.
The character home at 330 Wilson St, in a blend of heritage and urban living, attracted five bidders.
In the Northern Beaches, a stunning five-bedroom home at 10 Hogan St, Balgowlah Heights was passed in with a vendor bid of $3 million.
Read more about Sydney’s auction coverage here.
