Buyers back in action

Ray White NSW/ACT head of auctions Perry Edmondson-Clark said it was an absolutely scorching day in Sydney, however the heat certainly didn’t scare away the buyers.

“We had over 150 auctions scheduled in New South Wales today alone and our early reported data is pointing to yet another week of clearance in excess of 80 per cent,” Mr Edmondson-Clark said.

“Bidders remain incredibly active with 4.6 on average across the week, buyers are certainly lapping up the current stock that is on the market.

“With the end of April shaping up to be an interesting time with two back-to-back weeks of public holidays, now would be a great time to come to the market and secure a result prior to these disruptions.”

28 Service Ave, Ashfield

• Sold for $3.1 million

• Three registered bidders and two active bidders

• Agents: Matthew Carvalho (0404 006 744) and Samm Carter

• Ray White Glebe

• Auctioneer: Tim Snell, Ray White NSW/ACT

"The bidding opened at $2.73 million and remained competitive right until the end,” lead agent Matthew Carvalho said.

“The winning bidders were a local family looking to upsize and move closer to quality schools, they had been searching for a year. Meanwhile, the sellers (pictured above with Mr Carvalho), who have lived in the home for 24 years, are now downsizing to a nearby suburb.

“Buyers are continuing to be selective. If they don’t see value or the property isn’t exactly right, they’re simply not moving on it. I’m finding that price guides are crucial for engagement, as are properties with strong attributes."

Later in the day, Mr Carvalho also sold 66 Wigram Rd, Glebe for $3.15 million with three of the four registered bidders actively bidding. The four bedroom historic home had been in the seller’s family for four generations.

28 Vernon St, South Turramurra

• Sold for $2.67 million

• 10 registered bidders and seven active bidders

• Agent: Liana Power (0403 691 747)

• Ray White Upper North Shore

• Auctioneer: Tom Van, Ray White Upper North Shore

“The auction started at $2.1 million. The buyer was an investor who will do a new build development down the track to sell,” lead agent Liana Power said.

“We had a range of different buyers showing interest including families who wanted to keep the home, investors and also developers.

“The community in South Turramurra is great and there are parks and good schools within walking distance. It’s definitely an area targeted towards families.”

60 Henry St, Punchbowl

• Sold for $1.7 million

• Eight registered bidders and three active bidders

• Agent: John Yatman (0423 344 868)

• Ray White Punchbowl

• Auctioneer: Alex Pattaro, Ray White NSW/ACT

“The home has been in the family for about 80 years,” lead agent John Yatman said.

“The buyers are a young couple whose parents live across the road. I also had a few neighbours interested in it too. It was mainly locals looking to renovate the home and live in but there were one or two thinking about rebuilding.

“I would say the location was the drawcard since we had the neighbours fighting over it.

“The auction started at $1.2 million and was a bit slow to begin but then it started to move in $50,000 bids, then went to $10,000 bids but then went back up to $50,000 bids and lots of back and forth. In the end the winning bidder came in with a $20,000 knock out bid.”

Ray White Victoria and Tasmania chief auctioneer Jeremy Tyrrell said Melbourne was the place to be this week with the Formula 1 Grand Prix in full swing at Albert Park Lake and Round 1 of the 2025 AFL season kicking off with two massive games at the MCG.

“Hoards of people were out and about to soak up the festive atmosphere and temperatures soared amid an unseasonal heatwave,” Mr Tyrrell said.

“Real estate was no exception, as the market heated up, with auction results reporting high bidder activity and strong competitive outcomes as a result.

“The Ray White network across the state had 213 auctions scheduled for the week, as volume builds following last week’s long weekend.

“The weekly clearance rate for the Ray White Group in Victoria soared past 80 per cent for the second week in a row, as we saw over 80 per cent of properties selling via the auction method.

“Bidder numbers were also strong as we recorded four bidders on average across all auctions, an increase of just over one per cent year-on-year.

“In light of this, we expect the appetite for real estate to remain strong as volume continues to build in the lead up to Easter.”

285 Francis St, Yarraville

• Sold for $965,000

• Three registered and active bidders

• Agents: Dean Stanley (0403 372 922) and Dion Dwipayana

• Ray White Williamstown

The three bedroom Yarraville home is owned by 91-year-old former AFL player Doug Reynolds. Lead agent and auctioneer Dean Stanley said Mr Reynolds’ family, who helped facilitate the sale, were very happy with the result.

“The buyer (pictured above with Mr Dwipayana) was a young woman participating in her first auction and prior to this, she had only ever bought through private treaty. The property has good bones and she plans to do some renovations to the home over time,” Mr Stanley said.

“It was called on the market at $880,000 after some strong bidding. Bidding also came from a young family, and a buyer’s advocate representing a young couple.”

• Sold for $1.601 million

• Seven registered bidders

• Agents: Michael Renzella (0400 105 005) and Jie Zhou

• Ray White Clayton

“It’s an old, two bedroom weatherboard home on 760sqm that’s been with the same owner since 1987,” lead agent Michael Renzella said.

“The buyer was looking for an investment property near Monash University and because of the new potential zoning the government will do for the area.”

66 William St, Fawkner

• Sold for $1.002 million

• Eight registered and six active bidders

• Agents: Hamza Ali (0420 342 089) and Laksh Jassal

• Ray White Coburg

• Auctioneer: Nazih Abbouchi, Ray White Coburg

“The buyer was international, he was buying for his family. Pretty much all the buyer interest was coming from upsizers, there were barely any first home buyers,” lead agent Hamza Ali said.

“The auction started at $800,000 and throughout the auction everyone was engaging in the bidding but at the end it was just two bidders who went back and forth.

“Homes in Fawkner are usually around 40 to 60 years old but this was only 17 years old so it’s fairly new and well looked after.”

19 William St, Glenroy

• Sold for $818,250

• Five bidders

• Agents: Iby Ramaihi (0414 798 229) and Saha Sahardid

• Ray White Coburg

• Auctioneer: Nazih Abbouchi, Ray White Coburg

“The buyers were a young couple purchasing their first home. All the rest of the interested buyers were first home buying couples except for one family buyer,” lead agent Iby Ramaihi said.

“The auction was competitive and bidding started at $720,000. It kept going up in $10,000 bids until it was just three bidders going back and forth between each other.

“During the campaign, I had over 160 groups go through to inspect. The vendor had been living at the property for 20 years before deciding she needed a change of lifestyle and downsized to an apartment.

“The buyers all loved that the property was renovated and in a gorgeous location in Glenroy, close to the Pascoe Vale and Oak Park end. It doesn’t need much maintenance but you still have a garden and garage.”

Ray White Queensland chief auctioneer Gavin Croft said it’s always interesting to see how markets respond post any form of natural disaster or weather event.

“Obviously last weekend the pause button was pushed on the real estate market here in Brisbane, and then it had maybe four days to find its feet and settle,” Mr Croft said.

“But it certainly has settled. Those properties that came through and survived the weather event we had last week, well buyers have come out in full force on those properties

“It's just given absolute confidence and we’re seeing buyers bid and buy really strongly. There’s a lot of energy out there in the market this weekend.”

77 Palm Ave, Ascot

• Sold for $4.65 million

• Five registered bidders and three active bidders

• Agents: Damon Warat (0413 200 063) and Nick Roche

• Ray White Ascot

• Auctioneer: Phil Parker, Ray White

“We had four bidders register but as the bidding kicked off we had a fifth buyer register to bid,” lead agent Damon Warat said.

“The bidding opened at $4 million and ran up to $4.55 million, we then stopped and negotiated on the floor, we had two buyers increase to $4.6 million then we negotiated up to $4.65 million when it was called on the market and sold.

“There must have been about 80 to 100 people there. The bidders were all families, one was relocating from the Sunshine Coast, another was quite sick but they were able to bid over the phone. The winning bidder was a local family.

“The home has a really impressive finish, it’s a nice, big house with lots of different living zones which suited the buyer’s needs perfectly.”

54 Kennedy Tce, Paddington

• Sold for $2.05 million

• Five registered bidders and two active bidders

• Agents: Judi O’Dea (0417 009 635) and Michael Kleimeyer

• Ray White Paddington

“The auction was very spirited and started at $1.8 million. We had two neighbours bidding but the buyer was actually a Brisbane real estate agent himself, he and his wife were upsizing from a townhouse in Bulimba,” lead agent Judi O’Dea said (pictured at top with the sellers on the left and buyers on the right).

“The home had already been raised, it’s presented beautifully with four bedrooms and two bathrooms, the home is in lovely condition.”

154 Victoria Ave, Chelmer

• Sold for $1,917,500

• 12 registered and five active bidders

• Agents: Lachlan Humble (0438 688 347) and Douglas May

• Ray White Sherwood

• Auctioneer: Gavin Croft, Ray White Queensland

“We had lots of local homeowners looking to secure what would be known as an extremely rare opportunity. The home is on a 683sqm allotment with a 15m frontage and absolutely flat as a tack at the best end of the street,” co-agent Douglas May said.

“It’s the first time it’s been sold in 72 years and it still has that classic Californian bungalow style character. However, there aren't any character restrictions on the year it was built so we had new homeowner interest as well.

“The successful buyer used a buyer’s agent, they’d been looking in our area for over 12 months and are over the moon. We had lots of clients that we know on a first name basis that live locally and wanted to secure such a rare opportunity because something like this doesn’t come up often.

“In my 10 years specialising in the high side of Chelmer, I’ve only ever seen three opportunities of a similar nature come up.

“We had spirited bidding, particularly the last three bidders. It started to slow down further into the auction but once it was called on the market there was another kick of momentum.

“The home was scheduled for last weekend but we had to push the auction date by a week due to ex-Tropical Cyclone Alfred. We knew it was a highly sought after property and even though we rescheduled, we picked up two more bidders.”

Ray White Collective auction event

• Total sales value: $15,122,000

• Clearance rate: 71 per cent

• Total registered bidders: 43 bidders

The Ray White Collective auction event at the Calile Hotel in Brisbane today brought together a range of properties in the sub $2 million bracket. The Ray White Collective prestige auction event is scheduled for later next month.

The highest sale of the day was 28 Oak St, Hawthorne which went for $1.565 million through Bulimba office’s Alex Donnan.

The auction with the highest number of bidders was 29 Alexandra St, Balmoral which attracted eight buyers to register. The 276sqm block of land was sold for $1 million by Bulimba office principal Brandon Wortley.

“We were really testing the belly of the market today and it stood up and performed. With nearly 50 registered bidders, it was a really good turnout,” Ray White Collective principal and auctioneer Haesley Cush said.

“We were interested to see how the market performed after ex-Tropical Cyclone Alfred last week and we found this week that the market has bounced back and continued to perform at the level we left off a week and a half ago.”

Later in the day, Ray White New Farm agents Nick Kouparitsas and Beau Broomfield sold 38 Oates St, Kedron for $3.1 million on-site. Mr Cush said there was strong bidding on the five bedroom home.

8 Bacall Pl, Stafford Heights

• Sold for $1.74 million

• Eight registered and six bidders

• Agents: Holly Bowden (0431 922 110) and Nathan Williams

• Ray White Wilston

• Auctioneer: Mitch Peereboom, Ray White Wilston

“The buyers had sold with Ray White recently, they were being represented by a buyer’s agent and initially dropped out of the bidding but came back later in the bidding,” lead agent Holly Bowden said.

“The sellers had owned it for 17 years and while they had done a lot of buying, they hadn’t sold anything before but they were wonderful and put their trust in us.

“Most of the interested buyers were large families of about five people. They loved the multiple living spaces and dual living aspect of it.

“Personally, this is my highest sale price in the suburb. I’ve just started to get some ground in Stafford Heights.”

Ray White South Australia chief auctioneer John Morris said there were approximately 160 auctions happening throughout South Australia this week and 74 of those auctions were held by a Ray White agent.

“These numbers were double what they were last week.There were about 80 auctions throughout South Australia last week which was probably due to the long weekend,” Mr Morris said.

“But the consistency here is the fact that Ray White is always calling very close to 50 per cent of all of the auctions in our state, week-on-week and month-on-month, and that has consistently grown over the past few years.

“The other consistent statistic that we're seeing is our clearance rates which are very strong. Ray White reported a clearance rate of around about 75 per cent while the market is reporting clearance rates of closer to 65 per cent.”

10 Reid Ave, Felixstow

• Sold for $1.315 million

• Nine registered bidders and four active bidders

• Agents: Jessica Earle and Liam McDevitt (0430 501 122)

• Ray White Walkerville

“The buyers were a young family who had to fight hard against some very tough competition to secure the property,” co-agent and auctioneer Liam McDevitt said.

“Bidding opened at $1 million and was fiercely contested, even dropping down to $500 increments on two separate occasions as the competition tightened. In the end, they held their ground and came out on top.

“Meanwhile, the sellers are also purchasing their next home through us, which is a fantastic outcome for everyone involved.”

5 Joslin Ave, Ingle Farm

• Sold for $940,000

• 21 registered bidders and nine active bidders

• Agents: Sumit Khatri (0433 577 970) and Marco Lai
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• Ray White Adelaide City

• Auctioneer: John Morris, Ray White SA

“The buyer was a family buying for their young son as an investment. The seller had owned the property for the last 54 years so it had never been sold before,” lead agent Sumit Khatri said.

“The auction started at $650,000, it slowed down around $910,000 but then picked up again. We had a mix of buyers, a few wanted to buy it to live in and some were investors while others were developers.”

37B County St, Hillcrest

• Sold for $663,000

• Two registered bidders and once active bidder

• Agent: Dalal Muhieddine (0478 056 770)

• Ray White St Peters

• Auctioneer: John Morris, Ray White SA

The single active bidder was a neighbour who lives behind the unit who was bidding for his 89-year-old father (pictured above with Mr Morris and Ms Muhieddine).