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Next week’s volume sits at 928, which caps off a huge November to remember. The leading network reported 3.7 average registered bidders today, with 2.6 average active bidders, on par with a year ago.
Sydney had the most auctions today with 156 properties scheduled, and despite the scorching heat in Harbour City the top sale saw 3 Kenneth St, Longueville selling under the hammer for $5.681 million to a local family. Ray White Norwest agent Fan Li had seven registered bidders keen on this elegant home.
The property that attracted the highest registered bidders was once again in Adelaide where 18 bidders were vying for 25 Camelia Drive, Parafield Gardens which Ray White Prospect’s Lawrence Cocco sold under the hammer for $976,000.
It was also another busy day of open homes with 23,729 people checking in to Ray White opens across Australia, according to data from NurtureCloud, the cutting edge prop tech app that powers the leading network.
The single busiest open today across Australia was the character home at 9 Princhester St, West End in Brisbane which had 51 would-be buyers through. Ray White South Brisbane principal Luke Croft takes the home to auction next Saturday.
Ray White NSW Head of Auctions Perry Edmondson-Clark said it was an absolute scorching day in Sydney today and the market was certainly on fire as well. “We continue to see a strong rush over the last few weeks of trading for 2024. Buyers are very keen to secure something prior to the break and sellers are perhaps becoming slightly more palatable under auction negotiations to secure that unconditional sale.”
Sold under the hammer for $5.681 million
7 registered bidders, 5 active bidders
Lead agent Fan Li - 0488 666 860
Ray White Norwest
Auctioneer James Kerley, Ray White
This extraordinary family sanctuary in one of Sydney's most prestigious neighbourhoods, today sold for $5.681 million. Agent Fan Li said this stunning residence was very popular for its elegant design, European-inspired outdoor areas, and lush gardens. “The buyers are a local family living in the area. The seller is happy with the result.”
Sold under the hammer for $2.990 million
2 registered and 2 active bidders
Lead agent John McManus - 0425 231 131
Ray White Lower North Shore (Mosman)
Mr McManus said the auction opened at $2.60 million and raced up quickly to sell for $2.990 million. The single level home, near Hornsby, was bought by a local family upsizing from an apartment. “My sellers are happy, they are downsizers moving for a sea change to the beach.”
Sold under the hammer for $892,600
10 registered bidders, 9 active bidders
Lead agent: Michael Makrinakis - 0414 746 461
Ray White Green Valley
Auctioneer: Perry Edmondson-Clark, Ray White NSW | ACT
Mr Makrinakis said he welcomed 30 groups to inspect this property and a third of them arrived today to bid and buy. “There was huge competition today among home buyers, no investors. It was an emotional sale for the family whose mum had passed away, it had been in the family for 64 years.”
Sold under the hammer $1.305 million (reserve $1.2 million)
6 registered bidders, 4 active
Lead agent Peter Diamantidis - 0404 051 702
Ray White St Marys
Auctioneer: Tim Snell, Ray White
Mr Diamantidis sold the property originally to an investor from the eastern suburbs eight years ago. “In fact, she has never even seen the house. She trusted me when she bought it, and she trusted me when she sold it. The house is on one of the best streets in St Marys,” he said. There were four active bidders, all mainly investors, but the winning buyer who won the keys will be moving in. “The winning bidder came in right at the last minute and won."
27/72 St Georges Cres, Drummoyne
Sold under the hammer $1.575 million
8 registered bidders, 5 active bidders
Lead agent: Mario Carbone - 0415 457 417
Ray White Drummoyne
In front of a crowd of 50 people, the auction for this waterfront unit kicked off at $1.1 million. Mr Carbone said it started to slow at $1.38 million before a few late bidders joined and it fired up again.
“My seller had owned the unit for a very long time. The bidders were a mix of young couples and investors but in the end the winning bidder was someone who lived in the building. So a neighbour bought it,” Mr Carbone said.
“It’s a great building but there’s actually two other units for sale in the building. Both of them haven't sold yet.”
Sold under the hammer $1.150 million
1 registered & 1 active bidder
Lead agent Catherina Khouzami - 0423 355 449
Ray White Liverpool
Auctioneer: Perry Edmondson-Clark, Ray White
Mr Edmondson-Clark said this was the fastest auction of his career.
“There was one bidder, one bid and it sold for $1.150 million in one minute,” he said.
Ms Khouzami said 98 per cent of buyers rock up on the day and buy sight unseen.
“I have worked out that 98 per cent of my buyers are buying sight unseen. We have mostly investors selling, and in this case it was a local investor buying.”
“He was a cash buyer too. This one has a house and a granny flat and long term tenants. My seller was thrilled with the result. It was done and dusted in under a minute.”
Sold under the hammer for $1.65 million
10 registered bidders, 9 active bidders
Lead agent: Abir Eddine - 0410 824 432
Ray White Revesby
Auctioneer: Bryce Bevan, Ray White NSW|ACT
It was a hot 35 degree day in Sydney today. Ms Eddine said her sellers were over the moon. “They tried to sell the house two years ago and the best offer was $1.4 million, so I have stayed in touch and kept in communication with the owner. They had bought a bigger home in the next street over,” she said. “All the buyers came from out of the area and the winning buyers are a first home buyer couple from Wolli Creek. It was a really hot day and a hot auction!’
Ray White Victoria chief auctioneer Jeremy Tyrell said there were sweltering conditions across the state this week, with the real estate market also heating up in countdown to the festive season.
With only four weeks remaining on the real estate calendar, auction volume remains consistently strong with 238 auctions scheduled across the state for Australia's largest real estate network, he said.
“Buyer activity was up on previous weeks with 2.8 active bidders on average across all conducted auctions and the clearance rate holding firm at 76.7 per cent. Even with four weeks remaining, next week will likely see the highest volume of auction activity this year with 341 already booked.”
Sold $827,500
9 registered bidders, six active bidders
Lead agent: Hamza Ali - 0420 342 089
Ray White Coburg
Auctioneer: Nazih Abbouchi, Ray White Coburg
In a highly emotional auction that brought both tears and high drama to 47 Preston Street, Fawkner, a determined single mother of five finally found her family's dream home after a 15-month search, securing the property for $827,500.
The sale marked the end of a 64-year chapter for the vendors' family, with their elderly parents now in care and their two daughters orchestrating the sale of their cherished family home. Seller Rosa, pictured hugging the agent Hamza Ali. A large crowd gathered for the event, where Ray White Coburg provided a coffee cart serving free refreshments to combat the day's heat.
Lead agent Hamza Ali gathered nine registered bidders, with six actively participating in the auction conducted by Ray White Coburg's Nazih Abbouchi. The auction reached its climactic conclusion when the successful bidder, overcome with emotion, fainted as the hammer fell – a testament to her long journey of numerous disappointments before finally securing this property that had captured the hearts of all her children.
The underbidder was in disbelief at missing out on the property.
This has been the most meaningful sale of my career. It was a very emotional sale for both the buyer and sellers, and I am just so proud that I could help them all.”
Sold under the hammer for $1,405,000
4 registered bidders, 2 active bidders
Lead agent/auctioneer: Max Turner - 0434 770 384
Ray White Mount Waverley
The home had an incredibly unique 'Cape Cod' design, and drew significant interest from buyers and locals into the area.
The sellers have lived in the home since 1999. “This property has always captivated many passers-by with many locals knowing the family. It’s a very cool house. The bidding started at $1.150 million and then it jumped up quickly in front of a crowd of more than 100 people. It was a fast auction and my sellers are over the moon with the result. After 25 years they are moving to the country, and a young couple are moving in.”
Sold under the hammer $882,000
4 registered bidders, 3 active bidders
Lead agent/auctioneer: Mario Lambiase
Ray White Bundoora
In front of a group of more than 30 people, Mr Lambiase dropped the hammer down at $882,000 on this charming 3-bedroom brick home in Watsonia.
“A local family bought the house. My seller (pictured above) had owned it for 17 years, and now was the right time to move as they needed more room,” he said.
“This pocket of Watsonia is really quite sought after as it's right near a boutique shopping centre, and there’s some excellent schools nearby. The area is very family friendly with good amenities.”
Ray White Queensland Chief Auctioneer Gavin Croft said it had been a huge week on the auction front in Brisbane, starting off on Monday with the Brisbane 100 event plus Auction Under The Stars which saw 115 auctions going for sale. “It was a super start to the week. A combined 65 per cent clearance in one day provided a wonderful insight into the energy and pulse of the south east, Queensland and Brisbane market. Despite the big volume, the market has remained strong and steadfast. Vendors have spent a couple of weeks sort of toying and fighting with the market. We've seen reserves much higher than they should be and people choosing not to sell. But today, we're starting to see more balance. Now with better perspective, better understanding of the market, and with that, vendors’ pricing right.”
Sold under the hammer for $978,000
5 registered bidders, 3 active bidders
Lead agent: Benny Liu - 0431 420 796
Ray White Rochedale
Auctioneer: Gavin Croft, Ray White
Sold under the hammer for $1.6 million
2 registered bidders, 2 active bidders
Lead agent Sharon Wilson - 0413 776 953
Ray White Annerley
Ms Wilson actually sold this house to her seller some 20 years ago. “He is happy with the result. He is retired now and travels a lot. He has downsized and bought a unit in South Brisbane to move into. And the new owners are a couple from Chelmer. They know it flooded, in fact they also flooded back in 2011 but it didn't put them off.”
Ray White South Australia Chief Auctioneer John Morris said the auction market in South Australia has seen a massive increase over the past few years, so much so that we can now call ourselves an auction state.
“We always used to have about five per cent of listings going to auction, we're now seeing 20 per cent plus.
“The beauty of this see Ray White reporting close to 50 per cent of all of the auctions being called holding a yellow flag outside.
“The other astounding number is Ray White’s 72.5 per cent clearance rate on auction day last week our collective competition has a 52.5 per cent clearance rate.
“We're seeing an average of about five registered bidders, but it's down from about seven to eight at the beginning of the year. I'm still seeing extreme positivity in the market. I'm still seeing the agents that are taking properties through to auction getting good results, and if they're not selling on auction day, they're selling very very quickly afterwards.”
Sold under the hammer for $1.96m (reserve $1.85m)
6 registered bidders, 2 active bidders
Lead agents: Andrew Downing and Chris Xu
Auctioneer: John Morris, Ray White
Mr Downing said the successful purchasers were proxy bidders bidding on behalf of their best friends who are moving back to Adelaide.
“It's stunning! It’s a state heritage property and the buyers are currently living in Melbourne.”
This imposing, circa 1860 Victorian, house is steeped in Adelaide's rich real estate history.
He said the four bedroom house was of historical importance due to its age and illustrates features of the early residential development of Adelaide.
“The magnificent eccentric façade still boasts many of the original heritage features including vermiculated quoins, an elaborate parapet surrounding the main entrance and pilasters with foliated capitals combined with an amazing Gothic arch.”
25 Camelia Drive, Parafield Gardens
Sold under the hammer for $976,000
18 registered bidders, 5 active bidders
Lead agent Lawrence Cocca - 0422 918 099
Ray White Prospect
Auctioneer: John Morris, Ray White
Sold Under the hammer for $2,700,000
12 registered bidders, 4 active bidders
Lead agent Vivien Yap - 0433 258 818
Ray White Dalkeith | Claremont
Auctioneer: Mark Whiteman, Ray White WA CEO (pictured below)
In front of a massive crowd, Ms Yap said a local family from the same suburb bought this cherished home. “They plan on doing a beautiful renovation to restore this home to her best self. This really is a rare gem - a charming 3-bedroom character home - set on a huge quarter-acre block. It’s brimming with potential and endless possibilities.”
5 Wimpole Court, Alexander Heights
Sold under the hammer for $635,000
16 registered bidders, 8 active bidders
Lead agent: Dean Demos - 0412 792 699
Ray White North Quays
Auctioneer: Scott Langley, Ray White North Quays
Mr Demos ran a four week campaign and met a whopping 60 groups of buyers.
“All the bidders were all locals to the area, and some were FIFO workers based in north west WA but a local family bought it. They were from a neighbouring suburb and they were first home buyers. The house needs a lot of work but they told me at the very first open home that they wanted to buy it! My seller was “speechless with the phenomenal result”. Mr Demos said the seller was very tempted to accept a cash offer of $530,000, prior to auction!. "That's why auctions work to create the best competition for our sellers.”
1/170 Shepperton Rd, Victoria Park
Sold under the mammer $617,500
4 registered bidders, 3 active bidders
Lead agent: Matt Kalos - 0467 885 527
Ray White South Perth
Auctioneer: Mark Whiteman, Ray White WA
Mr Kalos said his sellers bought the unit two years ago. “They are moving as they bought an apartment now off the plan. The property was bought by a lovely first home buyer couple who have been underwhelmed with the Openn Negotiation auction app experience.” he said. “We sold the property in front of a nice sized crowd.”
Sold under the hammer for $1,007,000
12 registered bidders, 5 active bidders
Lead agent Rio Varen - 0411 682 888
Ray White Dalkeith | Claremont
Auctioneer: Mark Whiteman, Ray White WA (pictured below)
