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The top result for the day went to Ray White Eastern Beaches director Angus Gorrie, who sold 48 Mermaid Avenue, Maroubra under the hammer for $7 million.
The highest number of registered bidders nationally was Ray White Carnegie sales agent John Pantelios’ auction at 1/2A Railway Road, Carnegie with 8 registered bidders and 6 active bidders.
Ray White scheduled 728 auctions nationally this week, up from 672 the week prior.
Thomas McGlynn, Ray White CEO of Performance and Value, said there’s a remarkable amount of consistency in the inconsistency of the property market at the moment.
“Ray White’s national auction clearance rate finished at 40.7 per cent this week, barely moving from 40.4 per cent last week, despite more properties going under the hammer,” Mr McGlynn said.
“Beneath those headline numbers, however, we’re continuing to see quite different results across individual markets, along with some softer signs in buyer activity this week,” he said.
“Both average active bidders and attendance at open homes declined, suggesting the market is still finding its feet in an economic environment that buyers and sellers are continuing to adjust to.”
I think one of the challenges with the current market is that the relative consistency in the national numbers can give the impression that conditions have stabilised, when the experience on the ground is often quite different, Mr McGlynn said.
“We’re hearing from our members across the country that buyer activity remains subdued, although those buyers who are actively looking are still showing a genuine willingness to transact,” he said.
“The challenge continues to be the gap between what buyers are prepared to pay and what sellers are willing to accept, which is making it harder for transactions to come together.
“It’s another reminder that the national numbers don’t always tell the full story, and why understanding what’s happening in your own local market is just as important as following the broader trends.”
New South Wales
Ray White New South Wales Head of Performance Callum Hogan said the reaction from last month’s interest rate rise was becoming increasingly evident across the New South Wales auction market.
“Buyers are questioning whether values have reached their bottom; however, it is creating hesitation around commitment rather than a lack of interest,” Mr Hogan said.
“Beneath that uncertainty, competition remains, with Ray White New South Wales recording a 52.4 per cent auction clearance rate this week.
“While much of the commentary centres on declining confidence, the opportunity in this market is being overlooked.
“Buyer activity remains strong, but converting that interest into commitment requires greater strategy. Ray White’s results continue to demonstrate that auction is outperforming private treaty, reinforcing the importance of competition and transparent price discovery in a market where buyers are increasingly cautious.”
Mr Hogan said the balance of power may have shifted towards buyers, but that doesn’t diminish the opportunity for sellers.
“Those who are responsive and prepared to meet the market are still achieving strong outcomes.
“The days of opportunistic selling are behind us. This market is rewarding those prepared to create opportunity, rather than wait for confidence to return.”
- Sold under the hammer for $7 million
- 3 registered bidders, 3 active bidders
- Lead agent: Angus Gorrie - 0418 282 853
- Ray White Eastern Beaches
A young family looking to build their dream home bought 48 Mermaid Avenue, Maroubra under the hammer for $7 million today.
Ray White Eastern Beaches director Angus Gorrie said in front of a crowd of 70 people three bidders took part in the auction.
“We had one developer, an underbidder who went to $6.925 million,” Mr Gorrie said.
“We had lots of neighbours watching on. Another local who was bidding was also looking to build her dream home in her dream spot.”
He said the seller had moved to a nursing home and this was the first time the property had hit the market in 50 years.
- Sold under the hammer for $1.945 million
- 5 registered bidders, 5 active bidders
- Lead agent: Hayden Richards - 0414 872 784
- Ray White Touma Taylor - Redfern
- Auctioneer: Damien Cooley, Cooley Auctions
In the heart of Surry Hills, a three-bedroom one-bathroom home at 70 Cooper Street, Surry Hills sold under the hammer for $1.945 million in front of a crowd of around 40 to 50 people.
Ray White Touma Taylor - Redfern sales agent Hayden Richards said all five registered bidders were investors mostly looking to renovate the property.
Mr Richards said an investor from the North Shore placed the winning bid and plans to renovate and sell the property.
He said the sellers were “so stoked” with the outcome, as the property sold for $200,000 above the reserve.
10/19 Kellett Street, Potts Point
- Sold under the hammer for $780,000
- 3 registered bidders, 2 active bidders
- Lead agent: Renee Cross - 0413 764 566
- Ray White Touma Taylor - Potts Point | Elizabeth Bay
A one-bedroom, one-bathroom property at 10/19 Kellett Street, Potts Point sold under the hammer for $780,000.
Ray White Touma Taylor - Potts Point | Elizabeth Bay sales agent Renee Cross said the property had been an investment for the sellers for the last 20 years.
Ms Cross said two first homebuyers and a mature lady were involved in the bidding process.
She said the older buyer, whose son-in-law was bidding on her behalf, was in tears when the hammer fell.
“The buyer’s husband passed away, but now this home in Potts Point means she will be closer to her daughter and can help her look after her kids,” Ms Cross said.
- Sold under the hammer for $1.280 million
- 4 registered bidders, 4 active bidders
- Lead agent: Jayden Kiet - 0413 168 999
- Ray White United Group - Arndell Park
- Auctioneer - Alex Pattaro, Ray White
A five-bedroom, three-bathroom home at 22 Bethel Close, Rooty Hill sold under the hammer for $1.280 million.
Ray White United Group - Arndell Park sales agent Jayden Kiet said the sellers had lived there for 18 years and were now downsizing.
The buyers were local and second home buyers looking to upsize in the area, he said.
Mr Kiet described the auction being similar to a ping pong match - “back and forth” the whole time.
He said he had 40-50 inspections throughout the campaign with around 95 per cent of attendees being owner occupiers.
Victoria
Ray White Victoria and Tasmania chief auctioneer Luke Banitsiotis said that despite initial industry concerns that new reserve price disclosure requirements would drive vendors toward private treaty, the data suggests that Victorian vendors have not abandoned the auction method.
“In fact, since the introduction of these regulations, only 10.5 per cent of auctions have switched to private treaty, a decrease from the 11.8 per cent recorded prior to disclosure,” he said.
“This resilience contrasts with other states, where switches to private treaty have risen from 14.4 per cent to 19.1 per cent over the same period, reinforcing the auction’s continued status as Victoria’s primary and preferred method of sale.
“Clearance rates provide further insight into the market's performance under these conditions.
“The broader, more inclusive clearance rate, which accounts for properties sold prior to auction, has shown recent improvement, rising to 46 per cent from 43 per cent in the previous week.
“However, when isolating performance "on the day," the clearance rate has eased, currently sitting at 40.7 per cent compared to 54.7 per cent before the disclosure requirements.”
He said longer-term data remains compelling, with 45-day clearance rates for auctions sitting significantly higher at 64 per cent compared to 45 per cent for private treaty listings.
225/22 Barkly Street, Brunswick East
- Sold under the hammer for $430,000
- 1 registered bidder, 1 active bidder
- Lead agent: Trish Di Vito - 0422 289 850
- Ray White Brunswick
- Auctioneer: Hassan Allouche, Ray White
A first homebuyer aged in his twenties can now call 225/22 Barkly Street, Brunswick East home.
After renting and living with his parents in Coburg North, the first homebuyer was the only registered bidder for the one-bedroom, one-bathroom property which went to auction this morning.
Ray White Brunswick sales agent Trish Di Vito said the sellers purchased the property off-the-plan as an investment.
“There was talk that their son wanted to buy it at some stage but they decided to put it on the market,” Ms Di Vito said.
11 Linacre Crescent, Gladstone Park
- Sold under the hammer for $640,000
- 1 registered bidder, 3 active bidders
- Lead agent/auctioneer: Phillip Mercieca - 0402 419 827
- Ray White Gladstone Park
An investor bought a three-bedroom, one bathroom home under the hammer for $640,000 at 11 Linacre Crescent, Gladstone Park this morning.
Ray White Gladstone director and auctioneer Phillip Mercieca said the buyer Rohan Rodrigues had only inspected the property this week and this was his eighth investment property purchase.
Mr Rodrigues, 41, said he liked that the property was close to schools and highways and plans to rent it out.
Mr Mercieca said despite the wet weather there was a decent crowd who watched the auction unfold.
“The seller was an older man, aged 95, who had passed away as the property was listed,” he said.
“It was an emotional sale as we were dealing with the kids.”
Mr Mercieca said there was definitely still strength in the market at this price point.
7/11-13 Olive Street, Reservoir
- Sold under the hammer for $831,000
- 5 registered bidders, 3 active bidders
- Lead agent: Alastair Surtees - 0466 593 885
- Ray White Reservoir
- Auctioneer: Arthur Mitsinikos, Ray White
A young couple who missed out on buying a home at auction last weekend have finally sealed the deal by placing the winning bid at the auction of 7/11-13 Olive Street, Reservoir.
Ray White Reservoir sale agent Alastair Surtees said the young first homebuyer couple, with plans to upsize, came through the property on Wednesday and bought the three-bedder on Saturday in front of a crowd of 35 people.
Mr Surtees said the sellers had already bought another property home.
“They have two kids, a dog and need more space,” he said.
108 Cavanagh Street, Cheltenham
- Sold for $1.245 million
- 3 registered bidders, 3 active bidders
- Lead agent/auctioneer: Kevin Chokshi - 0430 195 517
- Ray White The Bayside Group
Ray White The Bayside Group director Kevin Chokshi described 108 Cavanagh Street, Cheltenham as a “hot auction” after it sold under the hammer for $1.245 million.
“We had three bidders. The opening bid was $1.15 million from a young couple who have sold locally and are upsizing,” Mr Chokshi said.
“Two other bidders jumped in once we surpassed the reserve of $1.2 million, which was publicly advertised. The final buyer was a young family from Bentleigh East who secured the home for $1.245 million.”
Mr Chokshi said people loved the location, but they also liked that it was a turnkey home and that nothing needed to be done.
“The vendors had done a great job presenting the home, and it had all been renovated in the last couple of years, which people really liked,” he said.
“The seller of the home is a young family who have upsized locally as well.”
308 Waverley Road, Mount Waverley
- Sold under the hammer for $1.142 million
- 2 reg bidders, 3 active bidders
- Lead agent Jacob Biviano - 0416 088 586
- Ray White Mount Waverley
- Auctioneer: Courtney Matthews, Ray White
Ray White Mount Waverley sales agent Jacob Biviano helped a buyer (pictured above) with a dream to live next door to her friends.
Mr Biviano said the property at 308 Waverley Road, Mount Waverley sold for $1.142 million in front of a crowd of 50 people.
He said the seller had owned the property as an investment for 10 years.
Mr Biviano said throughout the campaign families and developers showed interest in the four-bedder on a corner block.
1/8 Alice Street, Burwood East
- Sold under the hammer for $1.2 million
- 2 registered bidders, 2 active bidders
- Lead agent: Vasil Metelovski - 0418 584 754
- Ray White Judd White Group
- Auctioneer: Danny Zhang, Ray White
Queensland
Ray White Queensland head of auctions Tom Gunness said more Queensland homeowners are choosing to sell at auction now than they have over the past 12 months and looking at the numbers you can understand .
“Across the 181 auctions we hosted last month we posted an under the hammer clearance rate of 33 per cent with a total of 65 per cent of auctions selling by the six week mark,” Mr Gunness said.
“We are seeing more active bidding across our auctions as well with circa 80 per cent of properties submitted having competitive bidding.”
481 Springwood Road, Daisy Hill
- Sold under the hammer for $2.3 million
- 5 registered bidders, 4 active bidders
- Lead agent: Johnson Teo - 0422 804 811
- Ray White Springwood
- Auctioneer: Phil Parker, Ray White
A couple from Taiwan bid via video to secure their dream home at 481 Springwood Road, Daisy Hill today.
Ray White Springwood sales agent Johnson Teo said the buyers are planning to come back from Taiwan to live in the five-bedroom two-storey home.
“They have family in Sydney who will join them,” he said.
He said the sellers (pictured above) had lived there for 25 years and are downsizing to live closer to the CBD.
Meanwhile on Thursday night the BMW Motorline auction event saw exceptional results under the hammer, demonstrating relentless buyer demand across local pockets.
Delivering an 85.7 per cent clearance rate across 21 scheduled properties, 18 homes were sold, generating an impressive $15,223,786 in total sales volume.
Ray White Rochedale Head of Growth - Chief Auctioneer Daniel Diamantopoulos said the depth of engagement remained high throughout the order of sale, with 51 registered bidders competing across the campaign - averaging well over two active bidders per property and keeping tension high in auction rooms and on-site driveways alike.
The standout performer of the day - and taking out top sale honours - was 17 Foot Street, Acacia Ridge.
Consisting of a block of nine units on a single title, the asset ignited fiercely competitive bidding among 13 registered buyers.
Driven by strong investor appetite for high-density, income-producing holdings, the hammer finally fell at $1,732,000, shattering the $1.4 million reserve by $332,000 (23.7 per cent).
Mr Diamantopoulos said despite the challenging market conditions we've experienced over recent months, the results were a fantastic reminder that buyers are still very much in the market and prepared to compete for the right property.
“We're certainly seeing a more selective and considered buyer pool,” Mr Diamantopoulos said.
“Purchasers are doing their homework, taking their time and being more cautious with their decisions.
“However, when a property is positioned correctly, the campaign is executed well and sellers are aligned with market expectations, we're still seeing some exceptional results.
“The standout for me was 17 Foot Street, Acacia Ridge, where 13 registered bidders competed for the property, ultimately achieving $332,000 above reserve.
“That's a tremendous result and a great example of what genuine competition can deliver.”
Our agents have been working exceptionally hard in what has been a challenging environment, and to achieve 18 sales from 21 campaigns is a fantastic reflection of their preparation, commitment and willingness to have the right conversations with their sellers, he said.
South Australia
Ray White South Australian chief auctioneer John Morris said prices were softening and buyers were becoming more cautious.
“But there are still plenty of positives to take out of the changing property market, particularly in South Australia,” Mr Morris said.
“The buyers haven't disappeared. They're simply becoming more selective. Properties are still selling, and there is still plenty of opportunity out there.”
What has changed is the importance of having a good agent, Mr Morris said.
“In a rising market, the market itself does the heavy listing. In a falling market, communication, negotiation, accurate pricing, and creating urgency becomes absolutely critical,” he said.
“And that's why I believe auctions are more important now than ever before.
“It is not just about selling under the hammer. It's about creating competition, establishing genuine market value, and achieving a result in the shortest possible time frame.
“Because in a declining market, time can be expensive.”
We're also seeing opportunities emerge for buyers who may have been priced out over recent years, which is another positive, Mr Morris said.
“The market hasn't stopped. It's adjusting. And with every adjustment comes opportunity.”
- Sold under the hammer for $847,500
- 3 registered bidders, 3 active bidders
- Lead agent: Adam Humzy - 0488 586 552
- Ray White Prospect
- Auctioneer: John Morris, Ray White
- Sold under the hammer for $689,000
- 3 registered bidders, 3 active bidders
- Lead agent: Joe Hibeljic - 0431 334 630
- Ray White Norwood
A three-bedroom home at 2 Wilma Court, Salisbury East sold under the hammer to a buyer looking to be closer to Salisbury where his children attend school.
Ray White Norwood sales agent Joe Hibeljic said the seller was an elderly gentleman who had built the property in 1985 and had moved to a nursing home.
“He wasn’t at the auction but he was there virtually, he was sad to see it go, but understood the situation,” Mr Hibeljic said.
1 Aberdare Avenue, Trinity Gardens
- Sold under the hammer for $1.47 million
- 3 registered bidders, 3 active bidders
- Lead agents: Ilana Sanzo (0468 719 034) and Brandon Pilgrim (0438 807 061)
- Ray White Burnside
- Auctioneer: George Kargiotis, Ray White
A couple downsizing from their two-storey property placed the winning bid to secure 1 Aberdare Avenue, Trinity Gardens as their new home this morning.
In front of a crowd of 40 people, Ray White Burnside sales agent Ilana Sanzo said the auction went back and forth between bidders.
Ms Sanzo said the sellers were upsizing after completing renovations at the three-bedroom, one-bathroom property.
She said the buyers were a couple downsizing from a double storey property.
- Sold under the hammer for $835,000
- 3 registered bidders, 3 active bidders
- Lead agent: Stefan Siciliano - 0403 171 489
- Ray White Prospect
- Auctioneer: John Morris, Ray White
Western Australia
- Sold under the hammer for $2.710 million
- 8 registered bidders, 5 active bidders
- Lead agent: Deborah Brady - 0405 570 903
- Ray White Cottesloe | Mosman Park
- Auctioneer: Patrick Derrig, Ray White
Ray White Ray White Cottesloe | Mosman Park sales agent Deborah Brady sold 11 Queen Street, Claremont under the hammer for $2.710 million.
Ms Brady said the sellers had moved to smaller accommodation.
She said the buyers were a local family who had only viewed the property on Thursday.
Ms Brady said the sale was a great outcome and showed good properties in great locations are still selling well.
- Sold under the hammer for $2.050 million
- 1 registered bidder, 1 active bidder
- Lead agent/Auctioneer: Scott Langley - 0417 181 185
- Ray White North Quays
