Brisbane leads auction action with $6.9m mansion sale
A $6.9m Brisbane mansion sale topped the nation’s weekend auction results.
A $6.9m Brisbane mansion sale topped the nation’s weekend auction results.
The Ray White selling agent Damon Warat had 13 registered bidders for the grand estate in Ascot.
The five-bedroom, five-bathroom late 1990s-built house at 28 Palm Ave sat on a sprawling 1453sq m holding.
There is a formal lounge and dining area with a fireplace. Its large kitchen has a butler’s pantry and stone benchtops. The upper-level main bedroom has lift access and features two balconies, two walk-in wardrobes and a two-way ensuite with dual vanities and a spa bath.
Three further bedrooms on the upper level each have an ensuite.
Warat said more than 70 groups had inspected the house.
“Inquiries came from both local and interstate buyers,” Warat said.
The bidding kicked off at $4m and it was announced on the market at $5.6m.
“The more you pay, the more it’s worth,” auctioneer Phil Parker told the underbidder as he endeavoured to coax a $7m bid.
There were three bidders after the reserve was met.
“The sellers are over the moon,” Warat said after the five minutes of bidding action.
The home last sold at $4.05m in 2013 and at $3.92m in 2009.
CoreLogic ranks the latest sale as Ascot’s 19th residential trophy home sale above $5m since the suburb passed the barrier in 2003, with seven of the sales within the past 10 months.
Ascot’s top price came last June with $13.14m paid for the 1886 estate Windermere by Caroline Daffy, the wife of property developer Troy Daffy, who heads the Silverstone Group.
Volumes down
There were 2041 capital city homes taken to auction over the past week, according to CoreLogic, with a 78 per cent preliminary national clearance rate.
Both the volumes and clearance rates were down on the previous week’s figure, when 2467 properties were auctioned with an 80 per cent preliminary success rate, which was revised down to 78 per cent by final collection.
Sydney’s top sale came auction eve when a Cronulla apartment was snapped up. The four-bedroom, three-bathroom Saltaire apartment at 201/21-23 Prince Street fetched $5.8m through Highlands Property agent Mitchell Wynn. The apartment in the boutique block of eight last sold at $3.8m in 2018.
Canberra success
With 33 results, Canberra again secured a 100 per cent success rate, according to realestate.com.au.
ACT prices topped out at $1.91m in Yarralumla when an original-condition three-bedroom house at 16 Francis Street was sold.
Michael Braddon at Blackshaw Gungahlin marketed it as a knockdown/rebuild offering for the 805 sqm block.
Yarralumla’s median house price sits at $1,527,500, according to realestate.com.au.
Based on five years of sales it has seen a compound growth rate of 4.9 per cent.
Adelaide on top
Adelaide’s top sale soared well above its $1.385m price guide.
Agents Angela and Michael Stentiford at Ouwens Casserly Real Estate secured $1,725,000 for the four-bedroom freestone bungalow on 684sq m at 5 Torrens Avenue.
It was listed for the first time since selling at $379,000 in 2003.
Despite the smaller cities welcoming a long weekend with the Anzac Day public holiday on Monday, scheduled volumes were up in Adelaide to around 170 offerings.
Hawthorn high
Melbourne’s top sale was in Hawthorn East when $4,131,000 was paid for 12 Tourello Avenue through the Jellis Craig agency. The price guide had been $3m to $3.2m for the vacated five-bedroom brick home on its 832sq m holding. It was marketed as suitable for one or two replacement homes.
Melbourne’s next priciest was $3.96m for 4 Wright Street, Middle Park, a recently modernised home behind its traditional Edwardian facade. The home extension was designed by architect Forty One South in gardens by Vivid Green.
Viney makes his mark
An Elwood investment property owned by Melbourne Football Club midfielder Jack Viney sold under the hammer for $1.9m to a downsizing family after four bidders pushed the price above its $1.8m reserve. It had been listed with a $1.75m to $1.85m price guide.
The renovated three-bedroom, three-bathroom 1920s home at 46 Rothesay Avenue, Elwood was bought by the former co-captain in 2014 for $1.37m. It had traded at $1.5m in 2010, according to CoreLogic.
It was offered last May with a $1000 per week asking rental, down on its prior offering in 2016 with a $1100 asking rental.
Viney and his wife Charlotte, who had a daughter Mila last year, also have their Hawthorn home for sale as they intend to upsize. The 39 Hill Street offering has a $1.95m to $2.05m price guide ahead of its May 15 scheduled auction.
They paid $1.635m in 2016 for the freestanding Victorian cottage. There had been a $436,000 renovation in 2012 after having sold in 2010 at $1m in 2010.
Billionaire buys
The Melbourne-based Computershare billionaire Chris Morris has traded up his coastal Queensland holiday home. He’s secured a $5.8m sale of his luxury Ocean Isles, Main Beach apartment and has emerged as the $15.75m buyer on the Mermaid Beach millionaires’ row Hedges Avenue. The four-floor, six-bedroom home on 564sq m sold through Kollosche Prestige agent Michael Kollosche.
The home was put on the market by Baiyan Cheng and Jinmin Qu for $16.5m in October having paid $13.25m in 2016.
It was commissioned in 2007 by billionaire hotelier Bruce Mathieson and his wife Jill, and later owned by apartment management industry veteran Frank Picone and wife Adele.
Both the apartment and house were bought in a company name associated with Morris and his daughter Hayley.
Beach beauty
A four-bedroom, two-bathroom residence designed by Alfred de Bruyne at SJB Architects at St Andrews Beach sold for an undisclosed price shortly after it was passed in at $2.01m at Saturday auction.
The four-bedroom house, built in 2006, comes with a series of glass, copper and timber-clad suspended boxes that edge down the 864sq m native coastal garden block.
Strikingly modern, the home set in the valley back from the beach had last sold in 2012 at $1.17m.
It was featured in the Stephen Crafti book, Contemporary Beach Houses Down Under.
It was offered by Kay & Burton agents Sam Wilkinson and Andrew Hines who’d given a $1.8m to $1.98m price guide.
The auction opened on a $1.8m vendor bid, with just the two bidders.
It was listed by Don Farrands QC, the grandson of Nelson Ferguson, now known as the Glass Soldier, from Ballarat, who was a stretcher-bearer on the Western Front in France in World War I.
Farrands has written another book on the Great War, titled, Courage and Compassion, set to be published by Blue Sky Publishing later this year.
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