Polling day auctions were packed around the country, with voters seemingly grabbing their democracy sausages and heading straight to auctions to start bidding.
The leading group scheduled 342 properties to go under the hammer today, with a preliminary clearance rate of 78.1 per cent.
According to Ray White’s auction data, there was an average of4.3 registered bidders and 3.1 active bidders per auction.
The top result for the day went to Ray White Dalkeith|Claremont agent Vivien Yap who sold 28 Circe Circle, Dalkeith, under the hammer for $4.435 million.
The auction with the highest number of bidders went to Ray White Modbury agent Mohit Gupta who recorded 25 registered and 15 active bidders at his 6 Lindsay Avenue, Valley View auction. The property sold under the hammer for $
Ray White saw 25,788 people through its 7,082 open homes today. The open home with the most attendees was at 33 Cleveland Street, Wahroonga, recording 91 attendees. The property is being marketed by Ray White Upper North Shore agents David Walker and Belinda Edwards.
SYDNEY
Ray White NSW head of auctions Perry Edmondson-Clark said election day certainly didn’t slow things down with 117 auctions scheduled across NSW today.
“Ray White data shows that election day historically is a great day for an auction, with increased crowd sizes, activity and higher clearance rates on average, today was no different with strong preliminary reported clearance,” Mr Edmondson-Clark said.
“With the long weekends, and election now behind us we expect the market to have a strong run through the winter trading months.”
Sold under the hammer for $1,501,050
Lead agent: Belinda Cassano - 0416 255 410
Ray White Rozelle
Five registered bidders, two active
Auctioneer: Bryce Bevan, Ray White
The property was called on the market from the opening bid of $1.5 million.
“We had a lot of interest because there is no land in Balmain, it’s probably one of the last parcels of land available,” Ms Cassano said.
“The seller bought it in 2018, he lives interstate, with the intention of building a Sydney base, but he decided to put his money elsewhere.
“We had a mix of builder/developers and owner occupiers registered to bid today, but throughout the campaign the interest was predominantly builders, and the winning went to a builder.”
Sold under the hammer for $1.585 million
Lead agent: George Boghos - 0411 448 788
Ray White Kingsgrove
11 registered bidders, seven active
Auctioneer: Tim Snell, Ray White NSW CEO
“We had home owners and builders interested. The buyer was a builder,” Mr Boghos said.
“The seller (pictured above) was downsizing, she had lived there for 45 years, it had been the family home.
“We’ve had really big numbers through our open homes today, so I don’t think the election has impacted things at all.
“The market has been really good over the last couple of weeks.”
MELBOURNE
Ray White Victoria chief auctioneer Jeremy Tyrrell said auction volume had returned this week following the Easter and Anzac break, with 225 auctions scheduled across the state for the Ray White Victoria network.
“Despite being 'election week', there were plenty of buyers casting their vote at auctions across the city, with confidence appearing to be increasing off the back of a very healthy clearance rate of 83.5 per cent,” Mr Tyrrell said.
“As we move past what was a disrupted and slower April market, conditions for real estate are forecast to further improve with interest rates tipped to come down and a new term locked in for whichever political party emerges as the victor.”
Sold under the hammer for $1.5 million
Lead agent/auctioneer: Stefan Stella - 0422 093 149
Ray White Pascoe Vale
Four bidders
The home had been in the sellers’ family for 40 years.
“We had all families bidding, so the winning bid went to a lovely family who had been renting in Brunswick,” Mr Stella said.
“The home was last renovated 25 years ago but it had been kept really well and only needed some cosmetic updates.
“I haven’t heard too much talk about the election affecting the market here in Melbourne, I think people are talking more about when they will see the next interest rate cut.”
2/4 Eric Court, Oakleigh South
Sold under the hammer for $1,001,111
Lead agent: Jie Zhou - 0422 828 984
Ray White Oakleigh
Six registered bidders, five active
Auctioneer: Jonathan Eaves, Ray White
“We had about 160 groups through the open homes, and 90 per cent of buyers were first home buyers,” Mr Zhou said.
“The winning bid went to a first home buyer who had never inspected the property prior to the auction.
“The sellers were a family looking to upsize. They were the first owners of the home and had been here for 10 years so it was quite emotional for them.”
Sold under the hammer for $657,500
Lead agent: Aaron Hill - 0403 460 776
Ray White Sunbury
16 registered bidders, eight active
The auction drew plenty of attention with more than 250 people in attendance. The seller had built the home in 1976 and had lived there ever since.
“Most of the buyers were young families looking for the school zone, there were a few flippers in the mix as well,” Mr Hill said.
“The neighbour’s daughter won the auction, they will renovate it and live there with their two kids.
“Our market has been a bit quiet in the last month in the lead up to the election, but overall the market in Sunbury is really strong.
“We have a lot of first home buyers in the Sunbury area, so homes priced under $650,000 are doing really well.”
2/57-59 Yarcombe Crescent, Craigieburn
Sold under the hammer for $545,000
Lead agent/auctioneer: Trish Orrico - 0423 336 636
Ray White Craigieburn
Six bidders
The home was an investment property for the seller.
“The buyer (pictured above) was a young first home buyer who had been renting in Craigieburn,” Ms Orrico said.
“She was absolutely ecstatic with the result.”
Sold under the hammer for $961,000
Lead agent: Kaylah Guerra - 0406 655 389
Ray White Macleod
Five bidders
Auctioneer: Jeremy Tyrrell, Ray White
“We had a lot of downsizer interest, but the buyers were actually a young family upsizing,” Ms Guerra said.
“The sellers had lived in the property for 20 years, but they’ve built their dream home in the same area as they love it.”
Sold under the hammer for $563,000
Lead agent: Abraham Solomon - 0433 096 888
Ray White Wollert
Four bidders
“The buyer was from interstate and had just moved to Melbourne and had been renting,” Mr Solomon said.
“They came to the auction last minute and hadn’t viewed the home before, but landed the winning bid. They intend to live in the home.
“It was an investment property for the seller, she’s super happy with the result.”
BRISBANE
Ray White Queensland chief auctioneer Gavin Croft said Mr Croft said there was a small number of auctions in Brisbane today, likely as a result of sellers holding off listing until after Easter.
“I sense a mistake in holding off on going to auction this weekend,” Mr Croft said.
“Brisbane auctions today saw large crowds and plenty of bidders with limited stock on the market to choose from.”
Sold under the hammer for $3.7 million
Lead agent: Eric Li - 0425 564 877
Ray White Calamvale
Four registered bidders, two active
Auctioneer: Gavin Croft, Ray White
“The sellers are a family who lived here for 20 years,” Mr Li said.
“The buyer is an investor from South Australia who bought for a land banking investment.
“It’s a full acre of land which is what attracted most buyers.”
114 Layard Street, Holland Park
Sold under the hammer for $1,362,500
Lead agent: Piers Crawford - 0402 909 727
Ray White Holland Park
11 registered bidders, five active
Auctioneer: Gavin Croft, Ray White
“We had 55 groups who inspected the home throughout the campaign with the majority of interest from investors and young families,” Mr Crawford said.
“The winning bid went to a guy who was building across the road, he bought it as an investment.
“It was a really cute home that was really well presented.”
ADELAIDE
Ray White South Australia chief auctioneer John Morris (pictured above) said the election didn’t slow down auction activity this week.
“There’s still been lots of buyers out at auction, with an average of just under five registered bidders per auction and 2.8 of those participating,” Mr Morris said.
“The majority of buyers, 97 per cent, are still local, and a majority of those are owner occupiers who plan to live in the property after purchase.
“Our preliminary clearance rate for the week is 73.7 per cent, on the back of a very strong month in April where we saw a 69.2 per cent clearance rate for the month.
“We were up in the number of auctions scheduled year-on-year by about 14 per cent, that’s gone up to 26 per cent this week, so there’s still a lot of strength in the South Australian market, and that doesn’t look like it will change any time soon.”
Sold under the hammer for $1.65 million
Lead agent: Mohit Gupta - 0421 472 034
Ray White Modbury
25 registered bidders, 15 active
“It is a very unique property with four units on one title. The cumulative rent of all units is $100,000 per year, plus it was a good land size and flat block, so it was the best of both worlds,” Mr Gupta said.
“All our interest was from local investors. The sellers had it as an investment for 30 years and it was just time for them to cash out.
“Nothing has slowed down in the lead up to the election, this is the best time to be an agent. Both parties seem to have prioritised housing as part of their policy, so it doesn’t matter who wins when it comes to housing.”
Sold under the hammer for $895,000
Lead agent: Nick Roma - 0418 891 893
Ray White Norwood
Two registered bidders, two active
Auctioneer: George Kargiotis, Ray White
“The winning bid went to a couple of first home buyers, so they were really excited. The underbidders were investors,” Mr Roma said.
“The seller’s family built the home back in the 1970s, so it had been a one-owner home. It was an emotional day for them, but they were very happy with the result.”
- Sold under the hammer for $911,000
- Lead agent: Stefan Siciliano
- Ray White Prospect
- 16 registered bidders, three active
- Auctioneer: John Morris, Ray White
PERTH
Ray White Western Australia CEO and auctioneer Mark Whiteman said Perth was still seeing strong auction activity.
“With less than 4800 properties available sellers are still enjoying competition for their properties,” Mr Whiteman said.
“Strong registered bidding numbers and interest would suggest buyers are still keen to enter the market.”
- Sold under the hammer for $4.435 million
- Lead agent: Vivien Yap
- Ray White Dalkeith|Claremont
- Nine registered bidders, four active
- Auctioneer: Mark Whiteman, Ray White WA CEO
4 Silvereye Close, East Cannington
Sold under the hammer for $868,500
Lead agent: Cameron Smart - 0411 598 969
Ray White Cannington
Nine registered bidders, four active
“Buyers were mostly families looking to upsize,” Mr Smart said.
“The winning bid went to a family who recently sold a property in Kenwick, so are moving a bit closer to the city and into a bigger home.
“The home had been an investment property for the sellers.”
8/20 Walker Avenue, West Perth
Sold under the hammer for $605,000
Lead agent: Matt Kalos - 0467 885 527
Ray White South Perth
Four registered bidders, three active
Auctioneer: Mark Whiteman, Ray White WA CEO
Mr Kalos said most of the bidders were first home buyers, with one investor as well.
The buyer had followed us around for a few auctions for a couple of weeks and finally landed this one today. They were a first home buyer,” he said.
“It was the seller’s first home as well, but they’ve now moved to Melbourne so they were selling to buy a bigger family home over there.”