Auctions kicking goals

The Ray White group had 231 scheduled auctions today, and the property giant recorded strong crowds plus 4.8 average registered bidders and 2.6 average active bidders.

The top auction sale of the day was 22 Nelson St, Annandale which Matt Carvalho of Ray White Erskineville sold for $5.650 million under the hammer with two registered bidders doing battle.

The auction with the highest number of registered bidders in Australia was in Brisbane where a whopping 34 bidders arrived to buy 8 Picardie Close, Mansfield which Ray White Bridgeman Downs lead agent Penny Johnson sold for to a local family moving from Dubai for $1.502 million.

Ray White Chief Economist Nerida Conisbee said house and unit price growth continued in September.

“Year on year, we are now recording the strongest growth since July 2022. Australian house prices increased by 6.1 per cent while units increased by 4.3 per cent over the past 12 months,” she said.

Neoval data shows the city recording the strongest growth for houses over the year is Perth with prices up 8.6 per cent. Brisbane and Adelaide are recording the strongest increases for units, increasing by 6.8 per cent and 6.9 per cent respectively.

Ray White New South Wales State Auctioneer Perry Edmondson-Clark said there was no sign of a Grand Final or long weekend slow down across Sydney today.

“The last weekend of September has remained incredibly strong for the Ray White group. The entire team has reported strong bidding and attendance at auctions across the state, with record prices being achieved across the day,” he said.

“The weather continues to heat up and so does the market. We're expecting a strong market for the remainder of 2023 and sellers should be filled with an incredible amount of confidence about coming to the market and capitalising on the current conditions we are experiencing.”

22 Nelson St, Annandale

• Sold under the hammer for $5.650 million

• 2 registered bidders, 2 active bidders

• Lead agent: Matthew Carvalho - 0404 006 744

• Ray White Erskineville

• Auctioneer: Tim Snell, Ray White

Mr Carvalho kicked a few goals today and sold 2/2 auctions today. “There was a huge crowd at 22 Nelson St Annandale, we even had people looking down from the mezzanine level. A local man upgrading in the area won the keys, while my seller is a young family and they are relocating overseas and very happy with the result,” he said.

Mr Carvalho, along with George Pavlidis, also sold this two bedroom unit at 1/95-97 Johnston St, Annandale for $910,000 with six registered bidders. A downsizer won this contest with five active bidders. “We are seeing strong open home crowds today despite the long weekend, the market is still very active,” he said.

4/106 Edenholme Rd, Wareemba

• Sold under the hammer for $1.955 million

• 9 registered bidders, 5 active bidders

• Lead agent: Mario Carbone - 0415 457 417

• Ray White Drummoyne

• Auctioneer: Alex Pattaro, Ray White

Mr Carbone said this townhouse had been very popular with more than 20 contracts issued during the campaign.

“The new buyers are locals and they were looking for more space but they are undecided if they will move in straight away or rent it out for a bit. The sellers used to live there and they outgrew it and were renting it out as they build their new family home,” he said,

There was a crowd of more than 50 watching on in the backyard as Alex Pattaro knocked his gavel down at $1.955 million.

Ray White Victoria chief auctioneer Jeremy Tyrell said there were only a few occasions in the calendar year where the auction market slows to a near halt in Victoria and the AFL Grand Final weekend is one of them.

“That said, there were 118 auctions scheduled for the week with close to half being conducted midweek rather than the weekend,” he said.

“The clearance rate so far this week continues to show that buyers are highly engaged with 74 per cent selling under the hammer.

“With the sun shining and three months remaining for the year, it looks like the real estate market is the clear favourite in Melbourne this weekend.”

1/98 Moriah St, Clayton

• Sold under the hammer for $955,000 - reserve was $730,000

• 12 registered bidders, 9 active bidders

• Ray White Clayton lead agent Michael Renzella - 0400 105 005

• Auctioneer: Robert Cincotta, Ray White

Mr Renzella, pictured with the buyers, created a new street record in Clayton today. “I knew it was going to fly but I didn’t expect that. My sellers are stoked, this was their first home and they have now moved to Daylesford and a new family is moving in. At least 100 people came out to watch the auction, I think the whole street came out! We had 125 groups through the house in the campaign, a mix of mainly first home buyers, downsizers and investors. Supply is still quite tight.”

5 Draper Square, Wheelers Hill

• Sold under the hammer for $1.711 million

• 5 registered bidders, 5 active bidders

• Lead agent: Cristine Jones - 0417 501 000

• Ray White Ferntree Gully

Ms Jones said her sellers had owned the house for more than 20 years. “They are downsizing, they were only the second owners to have lived there. It’s a lovely square and the new young family will love living there and raising their family as it has park access and a great primary school nearby. There’s plenty of buyers around and what I am finding is that they all want convenience and homes that have already been renovated.” Cristine Jones is pictured with her buers and sellers.

53 Elsie St, Boronia

• Sold under the hammer for $960,000

• 2 registered bidders, 2 active bidders

• Lead agent and auctioneer Sam Daryabi - 0466 070 227

• Ray White Wantirna

“Some people were surprised by our decision to go ahead and auction on Grand Final day but it was a great call! We had more than 40 people in attendance and Melbourne turned on some good weather, it’s a hot day,” he said.

Ray White Queensland chief auctioneer Gavin Croft said there were wonderful signs of confidence in the Brisbane market. “I called my 205th auction for the month today. Bidder registrations are up, the clearance is up and the trend is continuing,” he said.

“It's Grand Final day in the AFL and that generally does stop a number of the afternoon auctions from going ahead but you really get that sense that Brisbane has really lifted in the last couple of weeks.

“My average registered bidders currently sits at 12 registered bidders per auction and 100 per cent clearance rate. I mean, it's really indicative of a really good sign of what we're experiencing currently in the marketplace.

“The volumes are up across Brisbane and southeast Queensland at the moment. They're on the way up as a whole even though today was a quiet day on the auction front due to the AFL Grand Final.”

8 Picardie Close, Mansfield

• Sold under the hammer for $1.502 million

• 34 registered bidders, 16 active bidders

• Ray White Bridgeman Downs lead agent Penny Johnson - 0484 777 958

• Auctioneer; Phil Parker, Ray White

Ms Johnson said a family, moving from Dubai, won the keys today. “The Mansfield school catchment is a huge drawcard and the buyers have a family. My sellers are happy with the result. It was a phenomenal auction, one for the record books with so many bidders. It was very exciting.”

398 Musgrave Road, Coopers Plains

• Sold under the hammer for $1.020 million

• 10 registered bidders, 5 active bidders

• Lead agent Bevin Powell - 0405 650 609

• Ray White Annerley

Mr Powell said the winning buyer flew in from Canberra today and won the auction. “The buyers are from Canberra and the seller lives in Melbourne, this was their investment property,” he said. There was a crowd of 50 people watching the auction.

“Stock is still tight, it hasn’t changed all year. Last week we had two auctions and they both sold over reserve. We haven't missed any auctions all year. There’s still more buyers than sellers.”

Ray White South Australia Chief Auctioneer John Morris said the lion’s share of the auction market was dominated by Ray White in Adelaide.

“There's only 23 auctions throughout South Australia today but 12 of those are being held by a Ray White agent. South Australia still has the highest clearance rate across the whole country. Ray White consistently gets a higher clearance rate than that of our competition. Of the few auctions I've called today I've had an average of about 11 registered bidders and everything has sold this week so far. So strength to strength yet again as we’re in a very strong market.”

342 Gilles Street, Adelaide

• Sold under the hammer for $1,102,500

• 2 registered & 2 active bidders

• Ray White Adelaide City lead agent Andrew Downing - 0404 882 311 and Sumit Khatri - 0433 577 970

• Auctioneer: John Morris, Ray White

Agents Andrew Downing & Sumit Khatr with the happy buyers of this Torrens titled bluestone fronted cutie.

Mr Downing said he had more than 110 groups through the property during its busy campaign.

“Both the bidders were locals who had both been looking for some time. This is one of the best streets in the area and very close to a fantastic premium cafe strip which is very popular. There’s been a small lift in properties during spring but prices are holding firm. It definitely feels like a more traditional spring selling season which we haven't seen for a few years.“ The sellers are investors and ecstatic with the final result.

5 Proctor St, Flagstaff Hill

• Sold under the hammer for $750,000

• 7 registered bidders, 3 active bidders

• Ray White Flagstaff Hill lead agent Sam Conlen - 0432 379 733

• Auctioneer: Sam Grover, Ray White

Mr Conlen said local first home buyers won the keys today in front of a crowd of about 50 people. “This house was sold in a perfect storm, as there is simply not enough stock for the people who want to buy but the shortage of properties is fuelling good competition. Buyers don't have a lot to choose from which is keeping prices solid.”

1C Clydesdale Street Burswood

• Sold under the hammer for $740,000

• 1 registered bidder

• Lead agent Matt Kalos - 0467 885 527

• Ray White South Perth

• Auctioneer: Mark Whiteman, Ray White

This three level townhouse was bought by a couple who own a farm in Albany, and who are relocating into the city. “It’s a large townhouse which presents an incredible opportunity for those seeking a modern and spacious home,” Mr Kalos said.

“It has a big view! My sellers are overjoyed as the best offer prior was $625,000 and the apartment next door, which is identical, sold for $685,000 in May. The market is still very positive here in the West.”

212 High St, Fremantle

• Sold under the hammer for $680,000

• 7 registered bidders, 4 active bidders.

• Lead agent: Noel Rogers - 0409 300 600

• Ray White Applecross

• Auctioneer: Patrick Derrig, Ray White

Mr Rogers said all the buyers were locals from Fremantle. “The winning buyer is a first home buyer who was on the phone with her parents in Sydney. It’s such a great spot. A beautiful location.” The property was a deceased estate and the family came to watch the auction.