Finance Property Weekend property market gets a Wiggle on

Weekend property market gets a Wiggle on

wiggles home
Sam Moran's Rozelle house, with its easily identifiable yellow door. Photo: Cobden & Hayson
Twitter Facebook Reddit Pinterest Email

Sam Moran, the former Yellow Wiggle, has sold his inner-west Sydney weatherboard cottage – with the identifying bright yellow front door – at weekend auction.

The Rozelle cottage secured $1,835,000 when offered by Moran and his American-born wife Lynn Stuckey, who paid $955,000 in 2011.

Moran, who departed the Wiggles in 2011, now fronts the preschool show Play Along With Sam.

While three buyers had registered, there were only two active competitors.

It was declared on the market at $1,835,000.

The investor buyer told The Sunday Telegraph he hopes to get $950 to $1000 a week in rent.

sam moran wiggles
Sam Moran now has his own kid’s TV show, Play Along With Sam. Photo: Getty
The house was sold for $1,835,000. Photo: Cobden & Hayson
176 evans street rozelle
It has a large entertainer’s deck, district views and city glimpses. Photo: Cobden & Hayson
176 evans street
The property has three bedrooms with built-in closets. Photo: Cobden & Hayson
176 Evans Street
Ideal for young families with loads of room for kids to play. Photo: Cobden & Hayson

The national weekend auction clearance rate sat at around 70.7 per cent, according to CoreLogic, which noted it had been the busiest since the end of May.

Auction volumes have increased to a total of 2759 homes taken to auction.

Some 2226 initial results were reported to CoreLogic, with the preliminary clearance rate up from last week’s final clearance rate of 66.7 per cent across 2510 auctions.

Melbourne was host to the most auctions in a bumper pre-grand final weekend offering.

With 1359 auctions scheduled, there was a preliminary clearance rate of 73.9 per cent from 1140 reported results.

Last weekend Melbourne had 1265 auctions with a final clearance rate of 71.4 per cent.

At the same time last year, Melbourne’s clearance rate was 77.2 per cent across 1103 auctions.

Melbourne’s top sale was a townhouse development site at Kew that fetched $4.36 million.

Permits had been approved for the four townhouses on the 1430 square metre 50/52 Boorool Road offering.

In Toorak, $3.72 million was paid for 112 St Georges Road, one of six residences built on the site of former prime minister Harold Holt’s home.

The Herald Sun reported auction was slow going at first, but the buyer was the fourth and final bidder.

The four-bedroom house shares a communal pool, jetty on the Yarra River and a large garden with the five neighbours.

112 St Georges Road, Toorak, VIC
112 St Georges Road, Toorak, was marketed as an “awe-inspiring tri-level residence”. Photo: Marshall White
112 St Georges Road, Toorak, VIC
It features a stone and tile entrance foyer and full-width living, dining and study. Photo: Marshall White
112 St Georges Road, Toorak, VIC
Euro-appointed hostess kitchen with conservatory dining, plus wine room/storage. Photo: Marshall White
112 St Georges Road, Toorak, VIC
The upper level has a sumptuous main bedroom with walk-in robe, ensuite and spa bath. Photo: Marshall White

A four-bedroom St Kilda penthouse that sold for $3.61 million was Melbourne’s most expensive weekend apartment residential acquisition.

Located at 18/21 Marine Parade, the property with bay views comes with an alfresco terrace for entertainment.

It had sold at $1.56 million in 2001.

A one-bedroom Brunswick unit sold for $250,000, Melbourne’s cheapest weekend auction sale.

Located at 14/6 Garnet Street, the property last sold in 1983 for $21,000.

Sydney’s preliminary auction clearance rate was 71.5 per cent from 1014 auctions, after last week saw the final clearance rate slip below 65 per cent for the first time this year to 64.2 per cent.

“The current clearance rate across Sydney is significantly lower than this time last year when 80.4 per cent of the 946 auctions held were successful,” said Kevin Brogan, CoreLogic’s auction analyst.

A two-bedroom Bankstown unit sold for $461,000, making it Sydney’s cheapest weekend auction sale.

Located at 10/48 Reynolds Avenue, the unrenovated property last sold in 1996 for $155,000.

Sydney’s top sale was a Balgowlah Heights house that fetched $4.1 million pre-auction.

Located at 3 Tabalum Road, the four-bedroom house on 568 sqm came with views over Middle Harbour.

It last sold in 2008 for $2.1 million.

3 Tabalum Road, Balgowlah Heights, NSW
This Balgowlah Heights house sold for more than $4 million. Photo: Clarke & Humel
3 Tabalum Road, Balgowlah Heights, NSW
It has views over Middle Harbour and the city skyline as well as the main harbour to Watsons Bay and Sydney Heads. Photo: Clarke & Humel
3 Tabalum Road, Balgowlah Heights, NSW
Tranquil palm lined solar-heated pool plus gas heated spa. Photo: Clarke & Humel
3 Tabalum Road, Balgowlah Heights, NSW
Grand stand views of yachts, fireworks, sunrises and sunsets. Photo: Clarke & Humel

“Sydney’s auction market survived its September super Saturday, recording a solid clearance rate for sellers despite the usual flood of pre-holiday listings,” Domain economist Dr Andrew Wilson said.

“The number of properties reported sold before auction continues to climb with motivated sellers keen to secure a sale from a dwindling pool of buyers.”

Some 168 Sydney homes were reported sold before auction at the weekend, was well ahead of the 148 reported the previous weekend and significantly higher than the 109 reported mid-August.

Across Brisbane the preliminary clearance rate was 51.5 per cent after 99 auctions were reported to CoreLogic.

A five-bedroom Ascot house sold for $2.4 million making it Brisbane’s most expensive sale.

Located at 111 Alexandra Road, the 1920s home last sold in 2003 for $1.9 million.

111 Alexandra Road, Ascot, QLD
This Brisbane home includes a tennis court and pool. Photo: RayWhite
111 Alexandra Road, Ascot, QLD
It has a large downstairs family room adjacent to a huge eat-in kitchen. Photo: RayWhite
111 Alexandra Road, Ascot, QLD
There are five bedrooms upstairs, the main suite featuring a large ensuite. Photo: RayWhite
111 Alexandra Road, Ascot, QLD
Ideal for entertaining. Photo: RayWhite

There were 122 Adelaide auctions compared to 100 last week and 131 at the same time last year.

The city’s preliminary clearance rate was 60.6 per cent, down from 68.2 per cent last week and lower than one year ago (78.2 per cent).

A four-bedroom Bedford Park house sold for $420,000 was Adelaide’s cheapest sale.

Located at 16 Franklin Avenue, the home was offered with the potential to create an extra one or two additional bedrooms.

In Canberra, 69.2 per cent of the 78 reported auction results were sold, down from 71.9 per cent last week and higher than last year (68.4 per cent).

A two-bedroom Holt house sold for $290,000 making it Canberra’s cheapest weekend auction sale.

Located at 19 Goddard Crescent, the property was in original condition but featured new carpet in the lounge and bedrooms.

Perth’s clearance rate of 36 per cent across 25 auction results is similar to last week, when 33 auctions were held and a clearance rate of 35.7 per cent was recorded.

Over the same week last year, the Perth clearance rate was a lower 29.5 per cent, and 50 auctions were held.

Jonathan Chancellor is editor at large at Property Observer.

View Comments