Finance Property Noice! Kath and Kim house back on the market
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Noice! Kath and Kim house back on the market

Kath & Kim stars Peter Rowsthorn, Glenn Robbins, Gina Riley, Jane Turner and Magda Szubanski. Photo: ABC TV Photo: ABC TV
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Look at moy! Look at moy! The two-storey four-bedroom Patterson Lakes house made famous in the hit comedy series Kath & Kim is up for sale.

The property at 4 Lagoon Place, where the cult TV classic was filmed, has an asking price of $1.3 million-plus through Ray White after it failed to sell with another agency last year.

Along with many of the same features seen in the show, the house occupied by Kath Day-Knight and her metrosexual butcher husband Kel also has waterfront access, a boat mooring and a “highly desirable master suite fit for a ‘foxy lady’,” according to the agents.

An added bonus for potential buyers is that a tall fence that was erected during filming has now been removed – allowing uninterrupted water views and direct access to a private beached area and jetty.

Agent Stephen Hill told News Corp the house was ideal for families.

“Aside from its history, this really is a wonderful home. There are both formal and casual living spaces, and alfresco patio overlooking the water and plenty of room for a growing family,” he said.

Kath & Kim was created by Jane Turner and Gina Riley and spanned four seasons and a feature film.

The Melbourne property was sold in 2014 for $1.3 million. Last year, it failed to sell after more than 200 days on the market.

The house at 4 Lagoon Place, Patterson Lakes.
The house at 4 Lagoon Place, Patterson Lakes. Photo: Ray White
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The kitchen has had a splash of paint but looks much the same as it did in the TV series. Photo: Ray White
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The property is expected to fetch $1.3 million. Photo: Ray White
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The high fence that blocked the waterfront view during the show is gone. Photo: Ray White

Still in Melbourne, and Flemington has been recently ranked the suburb with the fastest-selling houses.

Houses listed by private treaty in Flemington sell in 39 days, according to Investar’s latest market report.

It was followed by Kensington at 40 days and Caulfield South at 42 days.

A three-bedroom Edwardian home at 17 Sturt Street, Flemington, was offered for weekend auction with initial price guidance between $850,000 to $900,000, which was upped to $860,000 to $940,000 during the marketing campaign.

It fetched $1,237,000 at weekend auction having last sold at $585,000 in 2005.

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Classic style meets contemporary flair in Flemington. Photo: Nelson Alexander
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Sleek bathroom. Photo: Nelson Alexander

Auction clearances rose to their highest level this year across Australia.

The national average rate clearance hit 80.2 per cent, up from 76. 2 per cent last week, CoreLogic’s preliminary numbers showed.

In Sydney, the success rate rose to 85.6 per cent from 81.4 per cent last week as the number of spring auctions fell to 866 from 913.

Melbourne clearances increased too from 77.7 per cent to 81.8 per cent, while its auction numbers rose, to 1378 from 1182 last week given the push forward from the pending spring racing carnival distraction.

While listing numbers typically head higher the deeper into the spring selling season, this year they remain stubbornly weak.

Every capital city except Canberra had less weekend auction stock than a year ago.

Every capital city recorded a preliminary clearance higher than a year ago.

CoreLogic’s Kevin Brogan noted the 2641 auctions scheduled for the week to Saturday was 16 per cent below the 3143 of the same weekend last October. 

In Melbourne, 81.8 per cent of the 1229 reported auctions sold this week.

“This is the second time this month the clearance rate for Melbourne has been above 80 per cent,” Mr Brogan said.

Melbourne’s top sale was a Hawthorn house. The double-fronted 1890s Hawthorn Grove house, Brehon, fetched $5.02 million. 

It was listed by Jellis Craig with $4 million-plus price guidance, then selling well above the $4.3 million reserve price set for the deceased estate which is one of the last unrenovated properties on the street. 

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Winning bidder paid more than $5 million for 36 Hawthorn Grove. Photo: Jellis Craig
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The house has grandly proportioned rooms and its distinctive character harks back to a graceful era. Photo: Jellis Craig

A West Footscray apartment scored the nation’s cheapest sale when a one-bedroom unit sold for $200,000.

It was just $10,000 higher than its $190,000 sale in 2012. The apartment had most recently been a $250 a week rental.

West Footscray
West Footscray apartment was nation’s cheapest sale. Photo: Hocking Stuart

In Sydney, 866 auctions were held this week, down from 913 over the previous week.

“The preliminary clearance rate of 85.6 per cent is the highest recorded for the year to date,” Mr Brogan said.

Since the beginning of spring Sydney’s clearance rate has remained above 78 per cent.

The 85.6 per cent success rate sits significantly higher than this time last year, when a clearance rate of 61.3 per cent was recorded across 1024 auctions.

Sydney’s top sale was a riverfront mansion which sold for $8.3 million at Tennyson Point, smashing its $7 million reserve.

Selling agent Matthew Ward said four registered bidders competed to own the home, which was built eight years ago.

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Tennyson Point property sold for $8.3 million. Photo: Ward
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The house has six bedrooms and four bathrooms. Photo: Ward
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Breakfast view. Photo: Ward

Brisbane was host to 192 auctions this week and so far 118 results have been reported, with 53.4 per cent of successful sales.

Brisbane’s top sale was $2.8 million in East Brisbane when the quintessential Queenslander, Quambathella, was sold through Ray White.

It was listed by Brisbane hairdresser Jon LeCourt, who founded the hairdressing chain Jon LeCourt Salons in the early 1970s.

He purchased the home in 1987 for $325,000.

Quambathella, built in the early 1900s by real estate agent George Blocksidge, sits on a prime 3644sq m block.

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Quambathella in East Brisbane. Photo: Ray White
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The home has soaring ceilings and multiple living areas. Photo: Ray White
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Anyone for snooker? Photo: Ray White

The cheapest Brisbane district sale was $285,000 at Eagleby. 

The four-bedroom late 1970s house had traded last in 1984 at $41,650.

Adelaide saw a preliminary clearance rate of 77.4 per cent while Perth’s clearance rate was 46.2 per cent across 33 auctions.

Canberra had a total of 64 auctions this week, compared to 72 last week and 58 at the same time last year. 

Canberra’s preliminary clearance rate of 74.4 per cent was down on the previous week’s 82.8 per cent.

Jonathan Chancellor is editor-at-large at Property Observer.

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