Money Property Daniher brothers’ property sells to newlyweds
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Daniher brothers’ property sells to newlyweds

The panoramic view at 4/8 Addison Road, Manly is hard to beat. Photo: The Agency
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Essendon AFL champions Terry and Chris Daniher sold a Moonee Ponds investment property for $1.18 million shortly before its scheduled weekend auction.

It sold to local first-home buyers who snapped it up on their wedding day, just five hours before they tied the knot in the Yarra Valley.

Nelson Alexander Ascot Vale agent Milo Rasinac told the Herald Sun the couple had been the keenest of the four parties that were interested in the four-bedroom, double-fronted Victorian.

The deal was sealed via phone and emails.

The weatherboard Moonee Ponds residence sold before auction. Photo: Nelson Alexander
The timber kitchen is a highlight of the investment property. Photo: Nelson Alexander
The light-filled bathroom includes a clawfoot bath. Photo: Nelson Alexander

The unrenovated 69 Darling Street listing had been quoted at $1.15 million to $1.25 million.

The Daniher brothers had owned the property since their early 1990s playing days when they paid $175,000.

It was among the 929 capital city homes scheduled for auction, up on the first week in February when 536 auctions were held, CoreLogic reported.

The nation’s priciest notified result was in Manly at $2.7 million for a three-bedroom, two-bathroom apartment.

The price guide had been $2.7 million for the 1990 waterfront apartment with views across Little Manly Cove to North Head.

The 4/8 Addison Road offering was in a tightly held complex of six.

Cook up a storm in the neat kitchen. Photo: The Agency
The lounge room brings the outside in. Photo: The Agency
The lucky buyers changed their outlook forever with this view. Photo: The Agency

The nation’s cheapest sale was in Brunswick, where a 1960s studio apartment fetched $155,000.

The Brad Teal agent has suggested a $150,000 to $165,000 price guidance for the vacated 8/831 Park Street offering.

It last sold for $110,000 in 2008.

A studio apartment in Brunswick was the cheapest sale on the weekend. Photo: Brad Teal

Melbourne was the busiest weekend auction market with 352 auctions held across the city, returning a preliminary clearance rate of 53.7 per cent.

“This is quite a bit lower than what we were seeing last year, when 70.7 per cent of homes sold over the same week when volumes were higher (619),” CoreLogic auction analyst Kevin Brogan noted.

There were 321 Sydney homes auctioned, returning a preliminary clearance rate of 59.2 per cent.

“Interestingly, Sydney was the best-performing capital city auction market last week,” he noted.

Canberra returned a preliminary clearance rate of 56.3 per cent, while Brisbane’s preliminary result came in at 42.6 per cent.

The view from the Teneriffe property, which sold for $1,475,000. Photo: Belle Real Estate
The Waverley Street home changed hands for the first time in more than 60 years. Photo: Belle Real Estate

A Teneriffe property change hands for the first time in 63 years when 10 bidders registered to buy the house at 8 Waverley Street.

Bidding started at $900,000 and quickly rose to $1,475,000, The Courier Mail reported.

Volumes were higher over the week across all auction markets with the exception of Adelaide, where activity was down.

The national auctions returned a 54.1 per cent preliminary auction clearance rate, well up on the 42.8 per cent final auction clearance rate last weekend, suggesting buyers had a returned from the break with a preparedness to ignore the negative commentary.

“The early flow of auction data for 2019 is showing a subtle bounce back in the clearance rate relative to the lows recorded through December last year, which is a seasonal trend similar to what has been seen over previous years,” Brogan said.

But Brogan anticipates the figure “will revise lower as the remaining results are collected to remain around the mid-to-low 40 per cent range.”

Comparing results to one year ago, volumes and clearance rates are significantly lower when 1470 capital city homes went to auction and 63.7 per cent sold.

Jonathan Chancellor is editor at large at Property Observer