Canberra capitalises on luxury with $6.4m Yarralumla sale
Canberra had the nation’s top weekend auction outcome when a luxury home in Yarralumla fetched $6.4m – a suburb record.
Canberra had the nation’s top weekend auction outcome when a luxury home in Yarralumla fetched $6.4m – a suburb record according to its Belle Property selling agent Alexander Smout.
Designed by Terry Ring, the three-level house was constructed two years ago by Maxon on its 1017sq m Blakely Row building block that cost $1.37m in 2016.
The six-bedroom, eight-bathroom home was initially listed in early August.
It has 508sq m of living space served by a lift from its eight-car garaging.
There was bidding from three of the five registered bidders after its $5m opening offer.
It was passed in $6.1m, with the sale negotiated with the highest bidder shortly after.
Westridge on Banks St had held the record since selling at $6.05m in 2017.
Set on 19,200sq m, Westridge was built in 1928 for Charles Lane-Poole, then inspector-general of forests.
Canberra’s weekend auction volume of 112 offerings held steady, with its preliminary 59 per cent clearance rate slightly down.
Its house median was $986,000, according to CoreLogic.
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Mansion passed in
The nation’s priciest offering failed to sell when international events producer Antony Spanbrook and his partner Chris Yeo put their dress circle Tamarama home to onsite auction through the ASX-listed The Agency.
It had been pushed back a fortnight as conditions in the pricey Sydney suburb have cooled.
The Tony Masters-designed Wolaroi Crescent home came with $20m advised hopes, but passed in on a $21.5m vendor bid. There was just the one buyer bid at $20.5m.
The four-level house was built on its 501sq m block by Rubicon founder Gordon Fell and wife Pip.
It was sold in 2004 for $6.1m to plastic surgeon Robert Drielsma and his wife, anaesthetist Debbie Hong.
The medico couple sold the house on Tamarama Gully Park in 2011 to Spanbrook, who founded Zeal Experiential, for $6.8m through local agent Pauline Goodyer.
Spanbrook, whose career highlights include Nokia’s 6100 launch in Beijing in 1997, commissioned an Artechne-designed renovation costed at $894,000 in 2014, which included adding two studies.
Buyers agent Tina Clark was at the auction, but most of the attendees were neighbours whose attendance had been encouraged when the agents doorknocked on auction eve.
Goodyer holds the mantle for the top Tamarama house sale, when $25.5m was paid on Thompson St last October by Kim Robinson, wife of Nik Robinson, chief executive of online gaming company Big Time Gaming. The four-storey home on 570sq m was on the market for just two weeks. The October suburb record bettered the $16.5m set in February last year when cryptocurrency entrepreneur Kain Warwick and his wife Raphaella bought McGrath director Shane Smollen’s luxury mansion.
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Randwick record
The unconfirmed rumour is that the Randwick record has been reset at more than $9m, following the pre-auction sale by Plasson Australia piping chief Joshua Kirton and his wife Amanda. The guidance jumped during its 17 days on market from $8m to $9m before its sale.
Wirringulla, the Federation house with pool, last sold in early 2009 for $3.15m when it took 94 days to find its buyer. Cordell Building advise that the Kirtons secured permission for a $25,000 pool, along with $96,000 renovation that included a laundry.
Randwick’s previous high was $8.97m last December.
After hosting 786 auctions with an 11 per cent weekly jump in offerings, Sydney had its busiest auction week since late September, according to CoreLogic.
The preliminary clearance rate fell back to 60.9 per cent last week, partly due to a jump in withdrawn auctions.
Sydney auctions saw a $1.49m house median, making most sales ineligible for the $1.5m threshold for first-time buyers wishing to choose to pay an annual property tax instead of stamp duty on their purchases under recently passed NSW legislation.
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Melbourne magic
Melbourne’s top advised sale was in Carlton North, when a three- bedroom, double-fronted house at 1042 Drummond St fetched $3.85m. The price guidance had been $3.5m to $3.7m.
Glen Iris had the next priciest when $3,665,000 was paid for a five-bedroom 1920s home at 11 Kerferd Rd which had been listed with $3.2m to $3.5m guidance.
There was a $3.6m sale in Mt Eliza for the 3645sq m offering at 12-14 Daveys Bay Rd.
It came with a 1930s four-bedroom house, Clew Cottage, plus Prospect, an 1880s cottage which dates back to pioneer James Davey’s landholding. The cottage, 550m from Daveys Bay Beach, is believed to have been built by Davey’s son, James.
The property was sold by Stewart Lardner and James Crowder from Community Real Estate Mt Eliza who’d given a $2.9m to $3.1m guide.
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All clear
Melbourne’s 60.1 per cent preliminary clearance rate held above the 60 per cent mark for the 16th consecutive week, with 920 homes taken to auction. The previous week saw 797 homes go under the hammer, which on revised results came in at a 58 per cent final clearance rate, according to CoreLogic, which calculated the house median at $1,072,000.
There were 100 pre-auction sales, including the $3.66m Brighton East home of Olympian Mark Turnbull, events director for Sail Melbourne, and his wife Joanna. They had revised $3.4m to $3.6m hopes through Marshall White Bayside agent Campbell Butterss, having paid $2.9m in 2016 for the 1949 double-storey Canberra Grove home. It was initially listed in May with $3.9m to $4.2m expectations.
The couple are off to a mid-century-inspired Brighton house designed by architecture firm mckimm, sold for $7.15m by Julianne Godby and her husband Martin Godby, who established the Chapel St fashion boutique Dakota501 in the 1970s.
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Adelaide shines
Adelaide was back as the capital city with the highest success rate at an improved 68 per cent, with an $823,000 house median from 149 auctions. Its top seller was the four-bedroom 1900 Queen Anne villa on a 1458sq m at 11 Lambert Rd, Joslin which sold through Ray White Norwood agent Damien Fong at $2,612,000.
Brisbane, which hosted 171 auctions, saw the nation’s weakest result with a 42 per cent success rate, along with a $678,000 house median.
Brisbane’s top sale came pre-auction when cyber security operative Julian Haber, CEO of Intalock, and wife Nikala sold Linstarfield, their stately 1937 Ascot manor. The couple, who spent $4.7m last year at Noosa Heads, undertook a recent two-year renovation to the five-bedroom bedroom Kitchener Rd home. It had last traded at $2.85m in 2016.
There’s been no price reveal leak after its sale by Matt Lancashire and Tom Lyne of Ray White New Farm.
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