Skip to navigationSkip to contentSkip to footerHelp using this website - Accessibility statement
Advertisement

Auctions

March

This Lumus imaging facility in Richmond, Melbourne sold for $24m after just one bid.

Why invest in a house when you can get a 5pc yield on a laundromat?

The exodus of investors from the housing market is fuelling demand for small commercial properties like laundromats offering higher returns and sticky tenants.

  • Larry Schlesinger
The auction clearance rate dipped slightly over the weekend.

House prices on the march as buyers get in before rate cuts

House prices are set for another strong rise this month as the busiest auction weekend of the year pointed to strong demand. But investors are getting out.

  • Larry Schlesinger

‘Blown away’: deceased estate with water glimpses sells for $9.04m

The Castle Cove home on Sydney’s north shore sold on a weekend when the national preliminary clearance rate hit 74 per cent.

  • Bonnie Campbell
17/68 Illawarra Road had over 20 registered bidders on Saturday.

Marrickville unit beats reserve by 22.5pc after luring in 20 bidders

The national clearance rate for auctions has firmed up to 72.8 per cent on preliminary numbers with buyer activity rising from population growth.

  • Campbell Kwan

February

Sydney home sells for $370k above guide as auctions take off

The national clearance rate for auctions hit 75.4 per cent on preliminary numbers with buyers buoyed by both the possibility interest rates have peaked and tax cuts slated for later in the year.

  • Nick Lenaghan
Advertisement
Ray White auctioneer Angela Limanis calls an auction in Cheltenham, Melbourne, over the weekend.

Auction clearance rate surges as ‘signs point in right direction’

Ray White boss Dan White says all the key factors that drive the housing market are finally pointing in the right direction as clearance rates hit 76 per cent.

  • Larry Schlesinger
A deceased estate at 15 Kintore Street in Dulwich Hill sold for $1.86 million to first home buyers on Saturday.

Auctions start 2024 with ‘an absolute cracker’ of a weekend for sales

The auction year is off to a strong start with almost three in four homes listed selling at the weekend, but experts say a wave of stock could temper the pace.

  • Bonnie Campbell

January

Beachfront apartment sells for $6.35m at Gold Coast event

Every Gold Coast home that went under the hammer at Ray White’s annual The Event auction event received a bid.

  • Campbell Kwan

December 2023

This property at 28 Joubert Street in Hunters Hill sold on Sunday more $8.5 million, $2 million over the price guide.

Man buys home for $2m more than guide, proposes on the spot

In a country obsessed with real estate, one Sydney buyer combined love and property with an $8.5 million auction offer and a ring.

  • Bonnie Campbell

November 2023

Clearance rate dips but race still on to sell by year-end

Buyer’s agent David Morrell said sellers and buyers were still scrambling to get deals done due to concerns about low supply next year.

  • Campbell Kwan
Bresic Whitney CEO and auctioneer Thomas McGlynn in action

‘Pendulum swinging’ on housing market as clearance rates fall

BresicWhitney CEO Thomas McGlynn says with ‘fewer runaway results’ happening, it is unclear whether the market will end the year favouring buyers or sellers.

  • Larry Schlesinger

A $3m Sydney apartment beats reserve as auctions defy rate rise

Clearance rates have held steady, despite swelling listings and last week’s Reserve Bank move. And buyers are paying more than expected to snare top properties.

  • Nick Lenaghan
US investment giant JPMorgan signed on as the anchor tenant of 85 Castlereagh Street in 2011.

JPMorgan tower: Blackstone’s 32-level headache on Castlereagh Street

The building’s refi comes amid a reckoning in the commercial property sector as rising borrowing costs and the work-from-home trend crunch valuations.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

October 2023

‘A market in balance’: clearance rate holds steady 70.8 per cent

Auction clearance rates are lingering around 70 per cent in a sign buyers and sellers are aligning following months of vendor dominance.

  • Bonnie Campbell
31 Kerferd Street, Malvern East sold for $6.3 million.

Melbourne home sells for nearly $1m more than asking price

Sydney’s auction success rate increased by 2.6 per cent as home buyers compete for a scarce number of properties.

  • Campbell Kwan
Advertisement
After the disruption of footy finals in Sydney and Melbourne last week, auction volumes have surged back, more than doubling to 2,436 in across capital city markets.

Buyers beat reserves as spring selling picks up speed

Despite a bounce in auctions, buyer demand has held up. Bidders are beating reserves and prices are rising.

  • Nick Lenaghan and Michael Bleby

‘The worst is behind us’: buyers step up amid finals fever

The auction clearance rate eased only moderately despite the distractions of AFL and NRL grand finals in the two biggest markets.

  • Nick Lenaghan

September 2023

Capital city clearance rates held firm at 71.7 per cent.

Rising volumes to cool growth despite $640k premium for Sydney house

The number of spring auctions is set to rise as preliminary clearance rates hold firm above 70 per cent, in a sign price growth could cool before the year’s end.

  • Bonnie Campbell

Spring auction start yields stronger-than-expected demand

For an empty Northbridge block, bidding stalled at $5.75 million before it eventually sold for $7.7 million.

  • Campbell Kwan

August 2023

A large crowd gathered for the auction of this Adelaide home in Rostrevor which sold nearly $400,000 over reserve.

‘Cashed-up’ Toorak buyers can’t find anything despite jump in auctions

Auction data shows preliminary clearance rates held above 70 per cent despite a big jump up in offerings. At the top end, a lack of listings is frustrating buyers.

  • Larry Schlesinger