103 Shakespeare Street, Coorparoo
Sold under the hammer for $2.110 million
7 registered bidders
Lead agent: Rachel Dyer - 0422 939 773
Ray White Holland Park
Auctioneer: Phil Parker, Ray White
Seller Peter O’Connor was thrilled to sell his home under the hammer at 103 Shakespeare Street, Coorparoo on Saturday morning.
“We are so excited,” Mr O’Connor said.
“The Ray White team has been so good to us, they looked after us so well during the campaign.”
Mr O’Connor is downsizing after living at the property for 50 years.
The property was built in 1929 in the Spanish Mission style, and the home forms part of the original Surry Hill Estate - a proposed development from 1924 that included Welwyn Crescent and Shakespeare Street above Rees Avenue.
According to the property listing online, a copy of the original subdivision map is held in the State Library of Queensland, marking the estate as a key piece of Coorparoo's early residential expansion.
Meanwhile Mr O’Connor also said Ray White’s online portal NurtureCloud was helpful during the auction campaign as he was able to get an idea of how many people were attending the open homes.
SA
While the nation's attention is on the AFL grand final today, South Australia's real contest is unfolding in the property market and Ray White, yet again is dominating the field, according to Ray White South Australia Chief Auctioneer John Morris.
“This week, we are responsible for more than 56 per cent of all auctions scheduled across South Australia,” Mr Morris said.
“That is on the back of last week's 45 per cent market share. Early results this week show a preliminary clearance right of approximately 90 per cent and that again is following up on last week's 89 per cent clearance.
“So we sold 89 per cent of the properties last week and by contrast, the market data from Cotality put the overall clearance rate across the board at just 60 per cent.”
Now, on closer analysis, Ray White's share of volume means that the remainder of the industry cleared only 24.7 per cent of auctions on auction day last week, Mr Morris said.
“So what does that mean?
We simply are better at auctions than the rest of our competition put together,” he said.
“For vendors, the numbers underline a clear truth - Ray White truly are the competition creators.
“We continue to set the pace in Adelaide's auction market and substantially outperform the broader industry.
“Incredible numbers yet again and I'm sure that will continue on for the next few months.”