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“I had to hold my breath for the last few minutes of the auction,” said Kylie, a mum of three who owns her own law firm.
Tom and Kylie’s house at 42 Hulme St, Virginia sold under the hammer for $1,850,000 with 3 active bidders through marketing agent and top performer Dwight Colbert of Ray White One Group.
After 30 days on the market with no offers Dwight Colbert knew exactly what to do. He quickly converted the campaign to auction to dial up the deadline and the competition intensified.
“We have bought and sold a number of times before but always via private treaty. We are experienced property sellers but we were floored when our house wasn’t sold after 30 days," Kylie said.
“The house looks amazing, it’s immaculate and we couldn’t fathom what was going on after 30 days and zero offers. We talked to Dwight and he changed us to ‘forthcoming auction’ and then set a date auction and we got a lot more people through every single open,” Kylie said.
“Last Saturday alone we had 11 groups of buyers through.
“We are now convinced auction is the only way to sell and we will use the method in the future for sure.
“It really is the only way to create competition by putting them all in the room.
“Buyers need to see each other in real life.”
The seller, who was at SeaWorld’s for her daughter’s birthday, said she held her breath for the final few minutes of the auction.
“It was so nerve wracking but it’s done. It’s unconditional at the fall of the hammer and we will exchange in 30 days. There’s no risk of a finance clause falling over, or anything like that. All we have to do now is pack and move as we have already bought a new house in Stafford Heights.
“Dwight Colbert and his team are fantastic. Dwight is right on the ball. In fact, he sold us the house two years ago and we were only selling so I could start my new business.
“We have bought a 1950s house in Stafford Heights on a big 600sqm block which my husband Tom, he’s a builder, will renovate.”
Kylie said she loved the reporting available to them via the NurtureCloud client portal.
“I reviewed the report every single week and read all the comments from buyers. It really helped us to make an informed decision and paint a realistic picture of the campaign. Next time we will just go straight to auction!!”
The leading group cleared 76 per cent per cent of all auctions today and recorded an average of 4.7 registered bidders and 3.3 active bidders per auction today.
The top auction sale of the day was in Sydney at 244 Attunga Road, Yowie Bay which sold under the hammer for $3.3 million. Matt Debreczeni of Ray White Sutherland Shire and auctioneer David McMahon of Ray White NSW said this marathon auction lasted 45 minutes with 141 bids in total!
The auction with the highest number of registered bidders was marketed by Ray White North Quays principal Scott Langley who recorded 22 registered bidders at 18 Atwick Way, Craigie. The property was sold under the hammer for $865,000.
According to NurtureCloud, Ray White conducted 6501 open homes across the nation today, with 28,891 attendees, an 11 per cent jump on last Saturday. The open home with the most attendees was at 2/38 Pildappa Ave, Park Holmes. The property, which was listed by Ray White Glenelg agent Wayne Tuong who welcomed 69 attendees through today’s open homes.
Ray White NSW Head of Auctions Dave McMahon said there was an uptick in auction volume with 138 scheduled for today.
“Post the interest rate cut, we’ve seen a resurgence in buyer confidence averaging 5.5 registered with 3.3 active per auction which should provide our sellers with confidence,” Mr McMahon said.
“Interestingly, I’ve experienced an increase in hesitation to open the bidding but once the first bid is placed the auctions quickly pick up pace.”
“Matt Debreczeni and Tiffany Perez’s auction of 244 Attunga Road Yowie Bay for $3.3m saw an astounding 141 bids. The strongest bidding activity I have seen this year.”
Sold under the hammer for $3.3 million
4 registered bidders, 4 active bidders
Lead agent: Matt Debreczeni - 0407 204 599
Ray White Sutherland Shire
Auctioneer: David McMahon, Ray White
Mr Debreczeni said his sellers were stoked with the result. “The sellers are downsizing in the same area while the buyers are a young family from down the road. We had two locals and two bidders from out of the area. The locals bought it, they have a big property, block of land nearby and now they are going to move in here and just do some work on it.
Sold under the hammer for $1,910,000
7 registered bidders, 5 active bidders
Lead agent: Eddy Piddington - 0414 333 907
Ray White Northern Beaches
Mr Piddington said the auction sale represented the all-time street record for a two bedroom unit with no parking on Sydney Road in Manly, Fairlight and Balgowlah!
“We moved the auction forward by two weeks as we had a lot of interest and we could see more stock coming on in the same area. This was a good strategy for my sellers today.”
Seller Tom Norris said they loved Eddy Piddington’s advice from the start to the finish.
“It was so nerve-wracking going to the auction but we are so relieved it is done. We are both very excited by the sale and the record. Eddy was so great to work with, he was always in touch with us. He is a great communicator, good at explaining everything which really put us at ease.
"He left no stone unturned so now we can move and find a bigger four bedroom home around Allambie. This will be a big upgrade for us.
“Auction is the only way to sell. We didn’t get any offers prior but all the bidders came today.”
116 Bellamy Street, Pennant Hills
Sold under the hammer at $2,350,000
5 registered bidders,
Lead agent Dion Verzeletti - 0413 753 695
Ray White Upper North Shore Group
Dion Verzeletti of Ray White Upper North Shore Group said the buyers were out in force today in the Hills District.
“Five registered bidders and fierce competition saw a home at 116 Bellamy Street Pennant Hills sell for $2,350,000,” he said.
“This lovely and fairly original home has been with a lovely owner and now passed on to a young couple who have just bought their first home.
Sellers William and Yvonne Brown have owned the house for 52 years.
“We built the house in 1973, and we have such good memories here. Our three children had such wonderful childhoods here as we are adjacent to bushland on a very quiet street," Mr Brown said.
“For us, the auction was a success but the preparations were stressful. We have had quite a lot of rain in the last few weeks but the committed buyers still came out in the wet.
“I would highly recommend Dion and Julian from Ray White. Auction is a good way to sell,” said the Browns who are downsizing into a nearby retirement village.
“Dion handled the process very well and we are very pleased with the outcome. The price has actually far exceeded our expectations.”
The auction pro Mr Verzeletti sold all three of his auctions today for a 100 per cent clearance rate. 19b Bridgeview Cr, Thornleigh sold for $2,385,000 and 8 Lockerbie Rd, Thornleigh sold for $2,320,000
Sold under the hammer for $1.493 million
11 registered bidders, 5 active
Lead agents - Abir Eddine 0410 824 432 and Ali El-Kabbout
Ray White Revesby
Auctioneer: Bryce Bevan, Ray White
An investor, who bought the property in 2022, today sold it to a buyer who works at The University of Queensland and was moving to Sydney from Brisbane.
“The buyers want to retire in Sydney in the coming years. The main reason for the move is that they can fly directly to China from Sydney whereas they can’t from Brisbane,” Ms Eddine said.
“There are huge crowds coming through our open homes for houses right now.
“Houses are busy but not units or duplexes. Everyone wants the land. My seller is over the moon, it was original, she had done nothing to the house.”
“The selling experience was beyond my expectation. It was my first auction sale and I was very stressed. I'm very happy with the outstanding result,” the seller said.
“I received regular updates from Ali. Thank you Ray White for driving such a successful sales campaign.”
Ray White Victoria Chief Auctioneer Jeremy Tyrell said that despite the cold and wintery weather conditions that had returned across the state this weekend, there was plenty of heat in the real estate market as confidence received a big boost with the announcement of a cut in interest rates.
“There were 184 auctions scheduled across the state this week for the Ray White network in Victoria, with the clearance rate seeing a 16.34 percent boost at 76.5% for all auction sales,” he said.
“Bidder numbers increased at auction by 15.55 per cent, with 2.7 active bidders recorded on average.
“Given interest rates were cut earlier in the week, the full force of the reduction may start to take effect in the coming weeks.”
4/69-79 Cavanagh Street, Cheltenham
Sold under the hammer for
5 registered bidders, 5 active bidders
Lead agent/auctioneer: Angela Limanis - 0414 664 374
Ray White The Bayside Group
Ms Limanis said it was a great auction with five active bidders. The buyer had been looking for a couple of months. She had recently missed out on another property and came with a very determined strategy to win. She said the first home buyer waited until it was nearly over and then made her first bid.
“She was very determined. She had every intention to make this one happen.”
1/411 Stephensons Road, Mount Waverley
Sold under the hammer for $810,000
9 registered bidders, 6 active bidders
Lead agent: Bruno Iannarella - 0452 183 955
Ray White Judd White Group
Auctioneer: Daniel Galea, Ray White
The sellers are four long term business partners who built properties and held for decades.
The buyer was a former Mount Waverley resident who is excited to relocate back from country Victoria.
The Judd White team converted the auction to an in-room last night due to unpredictable weather and there was a full room watching on.
Ray White Queensland Chief Auctioneer Gavin Croft said it was so wonderful to see how much the auction market had changed across the river city. “Brisbane has matured and become a sophisticated auction market. 33 Neale St Holland Park West sold for $1,925,000 with five active bidders. This is the most desirable street in the suburbs. Both buyers are happy sellers,” he said.
“Then over in the west, at 1 Badge St, Jamboree Heights, a father and son bought this property through marketing agent Steven Kremer of Ray White Centenary for $785,000 as a renovator and then rent out.
“These buyers had already secured two other properties today and so they plan to hold this acquisition until the Olympics.”
Sold under the hammer for $1,850,000
5 registered bidders, 3 active bidders
Lead agent Dwight Colbert - 0401 095 785
Ray White One Group
Auctioneer Tom Gunness, Ray White
Ray White One Group chairman’s elite agent Dwight Colbert said this was an interesting sales campaign that started out as a private treaty one, which later converted to auction.
“The house was for sale for four weeks and we had no offers. No-one was willing to buy it, so we converted it to auction and I bam - five registered bidders! The buyers are a local couple who wanted more space, white the sellers are upsizing.”
Sellers Kylie and Tom are literally over the moon.
Kylie said she loved the reporting available to them via the NurtureCloud client portal.
“I reviewed the report every single week and read all the comments from buyers. It really helped us to make an informed decision and paint a realistic picture of the campaign. Next time we will just go straight to auction!!”
Sold under the hammer $2.525 million
3 registered, 3 active bidders
Lead agent Nick Kouparitsis - 0406 565 619
Ray White Collective
Auctioneer: Haesley Cush, Ray White
In front of a crowd of 50 people, Ray White Clayfield principal Nicholas Given and his wife Emily, today sold their family home in Gordon Park at auction.
“I have been selling real estate for 15 years and this was my first time selling my own home! I was sick with nerves and I have a new appreciation for every seller now,” Mr Given said.
“What I learned is not everyone will love my house as much as I do.
“Nick was a great agent and he kept us fully informed after every single open. He was very direct with the feedback, as much as I often hated the feedback, I appreciated it.
“We had three bidders who turned up today and I was in the best hands with Nick Kouparitsis, Matt Lancashire and Haesley Cush.
“No-one can read the room like Haesley. He has an acute eye. We are very happy with the outcome.”
The Givens bought another house 10 days ago in nearby Hendra, which borders Clayfield.
“I was motivated to sell and vulnerable! The kids are ok about losing the cricket pitch, as we have upgraded to a new house that has a cricket pitch and nets! So my son is very happy about that.”
Sold under the hammer for $1.972 million
5 registered bidders, 5 active bidders
Lead agent: Brandon Wortley - 0447 269 591
Auctioneer: Haesley Cush
“This was the most fun auction I have ever had,” said Brandon Wortley.
“This was the seller's childhood home which he bought off his parents in 2020.
“The sellers are moving to Hong Kong. He is a pilot who is moving for work next Saturday and this was the first house he ever sold.
“The buyers are a young local couple who were upgrading. The crowd was cheering on the bidding! The seller had a lot of their friends in the crowd and they cheered every single bid.
8 Azienda Place, Bridgeman Downs
Sold under the hammer for $1,665,000
5 registered bidders, 4 active bidders
Lead agent: Sonya Treloar
Ray White Bridgeman Downs
Auctioneer: Phil Parker, Ray White
In front of a big crowd at 8.30am, Ms Treloar told this huge five bedroom double story home in Bridgeman Downs for her seller who is downsizing and keen to go travelling.
“We had a big crowd out early on a Saturday morning. The market is very bouyant. There is a feeling of confidence since the rate cuts started and we have seen a lot of buyers looking to buy, which is exciting. Stock is still low though, so buyers have less choice.”
Sonya Treloar at 8 Azienda Place, Bridgeman Downs
Ray White South Australia Chief Auctioneer John Morris said South Australia was leading the nation in property growth.
“Adelaide's median dwelling price has surged nearly 10 per cent year on year and we're currently around that $850,000 mark making South Australia the standout performer in Australia's real estate landscape and that continues with the auctions as well.
“We are seeing higher clearance rates than that of all of the other states and territories.
“We are seeing more properties go to auction.
“We're about 34 per cent of all listings going to auction and Ray White as usual is taking the market share to them. The
“RBA's recent 25 basis point rate cut dropping the cash rate to 3.6 per cent delivered the direct win to borrowers and with a lot of major banks passing on the full cut many homeowners and buyers are already enjoying mortgage relief and we are seeing that today with bitters making themselves known and bidding stronger than normal. It seems to have turbocharged borrowing powder and confidence right across the market.
“In fact, South Australian buyers seem to be rushing to lock in those properties before prices climb further with strong auction demand. We're seeing plenty of action over this packed auction week and weekend. We've got momentum. We've got competition. We've got opportunity and we've got lots and lots of strength in the South Australian auction market.”
Sold under the hammer for $870,00
11 registered bidders, 4 active bidders
Lead agent: Sheldon Clinch - 0435 865 243
Ray White Prospect
Auctioneer: John Morris, Ray White
The sellers, Tony and Marjorie, said they were thrilled with the outcome today.
“Sheldon did an excellent job. He's been amazing. All the information he gave us, the feedback, he was communicating with us 24/7, he's just absolutely amazing,” they said.
“We knew he would do a great job at the auction. He showed us the positives and gave us all the feedback about what the best way to go would be at auction.
“He got 11 registered bidders here and four of them participated and we got a really, really, really good result.”
“This auction was a lot more professional. and a lot more friendly than others.”
Sold under the hammer for $1 million
13 registered bidders, 5 active bidders
Lead agent: Jamie Thompson - 0411015658
Ray White Flagstaff Hill
Auctioneer: Sam Grover, Ray White
Ray White Western Australia CEO Mark Whiteman said listing numbers dropped to a historic low this week in WA. “We are now at levels lower than at the same time last year adding to the frustration for buyers looking to get into the market,” he said.
“With interest rates reduced and potentially even more buyers in the market, property sellers are enjoying some of the strongest selling conditions in recent memory.”
Sold under the hammer for $865,000
22 registered bidders, 12 active bidders
Lead agent/auctioneer: Scott Langley - 0417 181 185
Ray White North Quays
Mr Langley said the buyer has done a few renovations in his past and looking forward to his next challenge.
