Residential market firing

Mr Langdon there was a big crowd who came out on a hot day to see this family home change hands. “My sellers are happy as they have already bought, they are downsizing after 30+ years in the home. The happy buyers are a lovely young local couple with two children and they are thrilled to have bought this home.”

166 Carrington Ave, Hurstville

Sold under the hammer for $2,760,000

10 registered bidders, 7 active bidders

Lead agent: Haydon Sacilotto - 0409 786 221

Ray White Georges River | St Georges | Oatley

16 Little St, Maroubra

Sold prior to its scheduled auction date this week for $5.4 million

Ray White Maroubra | South Coogee sales agent - Jason Malouf - 0411 725 757

“I extended this campaign by two weeks and it was due to be auctioned today but it sold on Thursday night. I have been in the Ray White Group for 20 years and this market feels a bit patchy. Some things are flying and others take longer but they are all selling.“

Land rush in Blacktown

Ray White Victoria Chief Auctioneer Jeremy Tyrell said auction volume continued to build in Victoria with more than 1,200 auctions scheduled across the state.

“Ray White, Australia’s largest real estate group, consistently sells one in every five auctions in Victoria and this week was no exception with 254 scheduled across the state,” he said.

“Competition at auction remains strong as clearance rates moved north of 80 percent for the week.

“Pending next week’s Reserve Bank announcement where there’s plenty of speculation about which way rates may go, the market seems to be moving along nicely.”

5A Waller Court, Cheltenham

Sold under the hammer for $1.266 million (reserve $1.1 million)

6 active bidders

Lead agent/auctioneer: Kevin Chokshi - 0430 195 517

Ray White Cheltenham

Mr Chokshi said he had a crowd of more than 100 people watching on as a senior gent bought the property to downsize into. “This action flew, there was some very fast bidding.”

1/2 Alexander Ave, Oakleigh

Sold under the hammer for $1.316 million

7 registered bidders, 7 active bidders

Lead agent: Peter Liu - 0451 367 278

Ray White Clayton

Ray White Queensland Chief auctioneer Gavin Croft said the rain around south-east Queensland might have subdued the activity and crowds a bit today.

“88 per cent of all Ray White Queensland auctions last month had active bidding which is a metric that we follow closely. I think the most important thing is we continue to see strong levels of bidding so sellers feel the energy and pulse of the market and they're able to make decisions.

“Active bidding is such an incredible metric that we look at to help sellers week in week out, make good decisions and important decisions after three or four weeks of marketing. Auctions continue to be a method of sale that not only continues to increase, but continues to help sellers ultimately make good decisions.

“I am expecting the clearance rate to soften a little bit as the buyer depth might not have been there today.”

10 Helles Road, Enoggera

Sold under the hammer for $1,820,000 (reserve was $1,550,000)

15 registered bidders, 9 active

Ray White Wilston lead agent Jessie Hall - 0422 169 981

Auctioneer: Phil Parker, Ray White

Ms Hall said it was all local buyers dueling over this four bedroom home in Enoggera.

“We had feedback around $1,550,000 so that was the reserve so my sellers - who are actually my parents - are over the moon with the result. So I am still in the will, phew!” she joked.

“Mum and dad are moving out to Bridgeman Downs now and thrilled with the competition at their auction. It’s the only way to sell.”

72 Larapinta Circuit, Parkinson

Sold under the hammer for $1.535 million

7 registered bidders, 5 active bidders

Lead agent: Jason Song - 0433 572 868

Ray White Logan City

Auctioneer: Gavin Croft, Ray White

Mr Song said that in front of a crowd of more than 60 people, the property was sold to a local family, “My sellers are happy, very happy. They are moving away now but it was a good campaign with a lot of interest.”

40 Nestor Avenue, Bardon

Sold under the hammer for $1,940,000

20 registered bidders, 6 active bidders

Lead agent: Judi O’Dea - 0417 009 635

Ray White Paddington

In front of a massive crowd of 200 people, six bidders went at it, throwing bids around on a wet day in Brisbane. “It came down to two bidders in the end and a local woman who grew up in the area won the keys, it’s her first home and she's thrilled,” Ms O’Dea said.

“It was a deceased estate and the family was just blown away. There were three siblings and they were all happy with the result, it's the end of an era for them as their family had owned it for 33 years.

“It was a very busy campaign with two lots on one title. The house is livable but needs work and I know the new owner will make it beautiful.”

35 Shortland Street, Springwood

Sold under the hammer for $901,000

6 registered bidders, 1 active bidder

Ray White Daisy Hill lead agent Garima Mangota - 0457 072 922

With six registered bidders, a bidder stunned the crowd with a strong first bold bid to secure the property.

Garima Mangotra, the listing agent, said that the property had been popular throughout the campaign as it was perfect for first home buyers or investors.

Avi Khan, principal of Ray White Daisy Hill, said the agents were seeing a lot of different strategies from bidders eager to get ahead of the competition.

“These buyers clearly wanted the property and were ready to blow the other competitors out of the running.”

42 Spruce Street, Loganlea

Sold under the hammer $795,000

11 registered bidders, 8 active bidders

Ray White Marsden lead agent - Cory Boyd - 0466 275 233

Mr Boyd said this property was sold to an owner occupier who battled seven investors.

“There were a total of 11 bidders who were all vying to secure this property,” he said.

“My sellers were ecstatic with the result and the auction result showed once again that Logan was gaining attention from a large variety of buyers.”

Ray White South Australia Chief Auctioneer John Morris said Saturday had always been the traditional auction day not only in South Australia but the whole way around Australia. “It was very rare pre COVID to see an auction not on a Saturday but that landscape has entirely changed. We are now seeing auctions called every single day of the week. We are about 30 per cent up on the number of auctions that Ray White calls year on year and we are still holding a massive market share of about 40 per cent.”

“Also the fact that we are calling a lot of auctions on non traditional auction days has done nothing whatsoever to diminish the results that we are achieving.

“We're clearing in excess of 80 per cent of all auctions that are going to market we're seeing seven to eight registered bidders per auction and four or five of those are participating.

“It really is a completely different landscape to the one that it was when I first started as chief auctioneer five years ago. We keep breaking records, we keep seeming to get stronger, and it is an incredible time to be an auctioneer, an incredible time in South Australia to be in real estate.”

2 Reynolds Ave, Dernancourt

Sold under the hammer for $999,000

14 registered bidders, 6 active bidders

Lead agent: Linda Clemente - 0409 099 046

Ray White Norwood

Auctioneer: John Morris, Ray White

Ms Clemente said her sellers are downsizing after less than five years in the home but they received a 40 per cent uplift in the price since they bought the property.

“There was a good crowd here today and the buyers are a family who are moving to Adelaide from Hobart. They have only recently discovered the suburb, it’s not a large suburb, but they found it while walking in Linear Park and fell in love.”

9 Arthur St, Tranmere

Sold under the hammer for $940,000

14 registered bidders, 5 active bidders

Lead agent: Brandon Pilgrim - 0438 807 061

Ray White Norwood

Auctioneer: George Kargiotis, Ray White

9 Lican Street, Treeby

Sold under the hammer for $794,000 (reserve $740,000)

7 registered and 7 active bidders

Ray White South Perth Principal Jannine Blum - 0403 058 157

Auctioneer: Mark Whiteman, Ray White