Auctions

Another Super Saturday of auctions across the combined capitals.

Rising auction listings across the capitals have provided buyers greater choice, weakening clearances in Sydney, Melbourne and Canberra.

The sprawling tennis court estate smashed the Pymble suburb record by more than $2 million when it sold under the hammer on the weekend.

It’s no Canberra weekend without a few suburb records breaking but this time, the overall auction record for the capital fell.

Clearance rates softened in Sydney, Brisbane and particularly Melbourne over the weekend, as buyers regained a little power in a market now offering more stock for sale than it has in months.

A staggering opening offer took two other potential buyers by surprise, then clever counteroffers secured a sale with the winner triumphantly shooting both arms up in celebration.

Fewer buyers are turning up at auctions and bidding is less frenzied as a rise in the volume of homes for sale emboldens some to make low offers.

A five-bedroom home in Gowrie was passed in and sold post-auction for $1.4 million.

’Vendor says sell’ reads the listing for the contemporary town residence with self-contained apartment, after it did not find a buyer at auction last weekend.

Canberra’s property market is in for another bumper weekend of auctions with 111 properties scheduled to go under the hammer.