Australasia’s largest real estate group reported a preliminary clearance rate of 74 per cent, with Melbourne and Adelaide both reaching 76 per cent, and Sydney at 74 per cent.

This week, leading real estate group Ray White scheduled 950 auctions nationwide with 534 of them today alone.

The top sale of the day came in from the Sunshine Coast, with a sub-penthouse with panoramic views selling for $5.1 million. 601/13-15 The Esplanade, Maroochydore was sold by Niall Molloy from Ray White Maroochydore, to an upgrading local couple.

The highest number of bidders was at 14 Alexander Avenue, Grange in Adelaide, where Nazz Mina from Ray White Glenelg attracted 14 registered bidders.

On average nationally there were 3.5 registered bidders at auctions today, with 2.5 actively participating in bidding.

Sellers netted on average 11.52 per cent higher today under the hammer than the highest offer prior to auction.

Data from the cutting edge proptech tool called NurtureCloud, owned by Ray White, showed there were 24,124 people checked in to open homes across Australia today. According to the tech platform, the busiest open home today was at 6 Sandison Road, Hallett Cove which was just listed three days ago by Ray White Flagstaff Hill. The tidy three bedroom home had 63 attendees go through the property today.

New South Wales

Victoria

Queensland

South Australia

Western Australia

Ray White Western Australia CEO Mark Whiteman said that there are 5,138 properties on the market in Western Australia currently.

“It can be tough to find exactly what you want as a buyer at the moment, however things are looking strong moving into the election cycle.

“There are certainly plenty of people in WA looking for property. Rents are still really strong, with great returns on residential real estate for investors.

“You can’t build a property today for what you can buy them for in the established marketplace,” Mr Whiteman said.

13 Cadden Street, East Victoria Park

  • Sold under the hammer for $1.553 million

  • 12 registered bidders, four active

  • Lead agent: Jack Shaw - 0466 898 054

  • Ray White South Perth

  • Auctioneer: Mark Whiteman, Ray White

Jack Shaw said the winning bidder was a local family wanting to upsize. The sellers have bought on a bigger block locally.

“We ran eight open homes for this property over 18 days, which is a key reason for why we collected so many bidders.

“A lot of agents are selling too quickly, but by running it right through to auction day, you can get a better level of competition. We had two offers prior but the vendors are very happy that we took it all the way through,” Mr Shaw said.

The home sold for $193,000 more than the best offer prior to auction.

Please note: Vivien Yap and the Ray White Dalkeith | Claremont team will be auctioning five properties this afternoon WA local time.

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