Auction wrap from around the grounds

MORE than 8,000 people attended Ray White auctions across Australia and New Zealand last week with a preliminary auction campaign clearance rate of 60.4 per cent across the board.

New South Wales led the pack with an auction campaign clearance rate of 70.5 per cent across the week, with Ray White NSW chief auctioneer Alex Pattaro commenting the auction day clearance rate remained steady at 57.6%.

“Average registered bidders have climbed back up this week to 4.2, with 2.4 registered bidders being active, and crowd averages remaining consistent at 32.8 attendees per auction,” Mr Pattaro said.

“NSW Blue had a clearance rate of 73.3 per cent on the day and an 85.7 per cent campaign clearance rate. There were 3.9 registered bidders per auction with 2.5 active.

“NSW Metro saw an on-the-day clearance rate of 56.1 per cent and a campaign clearance rate of 62.3 per cent, with average crowd numbers of 36.6 per auction.”

Ray White Victoria and Tasmania chief auctioneer Matt Condon said auction volume in Victoria was up 31.9 per cent on the previous week.

“For last week, Victoria saw preliminary auction campaign clearance rates of 53.4 per cent with Ray White auctions representing 20.93 per cent of all Victorian auctions,” Mr Condon said.

“Our average number of active bidders has remained consistent with an average of 2.1 per auction last week.”

It was a rural NSW property that stole the show with the biggest under the hammer sale of the week, with 4985 Great Western Highway in Glanmire selling for $7.1M.

Ray White Emms Mooney rural sales specialist Peter Crampton said the 404.5ha* property was a high-profile asset and enjoyed a prominent position, just 8km* from Bathurst.

“For a block that size being so close to town to be available really is rare and it came down to two parties that really wanted the property,” Mr Crampton said.

“There was strong enquiry throughout the campaign and all-in-all we had between 10 to 20 people journey out for inspections.

“The property was purchased by a husband and wife who had been living in the local area for years.

“Bathurst is really popular with local and Sydney buyers, and being just over the mountains, it’s perfectly placed for city and tranquility.

“We’ve also had some good recent summer rain so the property was looking great and presented well with good feed on it.”

A huge 28 registered bidders were present, 15 of them active, as a spacious four-bedroom home at 33 Glanmire Road in Baulkham Hills sold for $1,038,500.

Ray White Baulkham Hills sales associate Daniel Sarzano and selling principal Darren Dowd said the property stormed past its price guide at auction.

“The interest in this property was through the roof with 296 groups through inspections, that equates to nearly 700 individuals,” Mr Sarzano said.

“There was so much hunger throughout the campaign, offers were coming in from parties desperate to settle pre-auction, but we stuck to the process and got a terrific result for our vendors.

“The bidding started at 890,000, and more than 30 bids later, we hit the final sale price.”

“A local family that’d been looking for the perfect home for more than 12 months were the lucky buyers, with this home ticking all their boxes,” Mr Dowd said.

“The property was attracting everyone from first time buyers and upgraders, through to people looking for a bit more than a townhome.

“The house was ready to move in to having had many renovations over the years.”

It was a record-breaking weekend for the Brisbane suburb of Grange as eight registered bidders competed for 31 Agincourt Street in Grange, selling for $1,820,500.

Ray White Wilston’s principal Alistair Macmillan said the brand-new home was ideally suited for a family looking for a quality constructed residence.

“The owners’ inspiration for this quality constructed home was a functional layout coupled with luxuriously appointed fixtures and fittings, making it the ideal family home in an unbeatable parkland location,” Mr Macmillan said.

“This space really needs to be seen to be appreciated. It’s soaring 3.4m high ceilings, an abundance of natural light and a direct view to the pool and level rear yard, this space is unlike anything you will see in other homes.”

A few suburbs over, a riverfront oasis in Fairfield saw five registered bidders battling it out as 51 Brisbane Corso sold under the hammer for $3.15M.

Ray White Sherwood agent Michael Nolan said the architectural residence offered the best of luxury living in one of Brisbane’s most desired precincts.

“It has a functional layout with the designer kitchen as the central hub to expansive indoor/outdoor entertaining areas, pool and the family-TV room.,” Mr Nolan said.

“There's plenty of space for the whole family to enjoy individual pursuits amidst these expansive proportions.

“This was truly a supreme riverfront estate designed to suit all the family for years to come.”

Elsewhere, Ray White Southbank in Victoria conducted seven auctions for inner-city apartments and sold six under auction terms.

“This is great news for us as it backs up the first successful in-room auction we had back in February,” said Ray White Southbank I Port Phillip principal Andrew Salvo.

“Even with an election looming, it proves that our process does work in a market which is perceived to be a non-auction market.”

*Approximately.