Money Property Property lull hits the coastal getaways, as buyers stay home

Property lull hits the coastal getaways, as buyers stay home

weekend auction wrap April 20
Not even views like these could tempt buyers at this Blairgowrie home. Photo: Sotheby's International Realty
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The Easter break’s special Victorian auction treat – a bathing box on the Rosebud foreshore – went wanting, when it failed to sell with just the one bidder at its onsite weekend auction.

“You could start with a bid of $1 million if you like, but I won’t move it to Sorrento,” the Mornington Peninsula auctioneer Stephen Wilson told the crowd.

There was a $200,000 opening bid.

“It’s the best boatshed and position in Rosebud,” Wilson said.

Then the auctioneer placed a $225,000 vendor bid.

“You can go fishing … you can go swimming, but here you don’t need to even get sand in your feet,” he said.

Just the one higher offer took the top bid to $230,000 when boatshed 82A was put to auction on Saturday afternoon.

weekend auction wrap April 20
The boatshed’s reserve of $280,000 was well below the $345,000 it sold for ‘some years ago’. Photo: Norris Real Estate

Post-auction the top bidder was told there was a $280,000 reserve price.

Some years ago it had a $345,000 asking price.

Located at the beach end of Rosebud Parade, not far from the busy cafes on Point Nepean Highway, boatshed 82a is the closest bathing box to the pier.

With the leasehold holding is an 8-metre x 4-metre boatshed constructed of brick and a Colorbond roof that dates back at least 70 years.

The smaller Rosebud boatsheds for sale start from $85,000.

There were limited city auctions over Easter, but coastal agents across the country endeavoured to find buyers before the upcoming winter hibernation.

A newly constructed four-bedroom Blairgowrie home didn’t find its weekend buyer either on Victoria’s Mornington Peninsula.

weekend auction wrap April 20
The home was passed in on a $2 million vendor bid. Photo: Sotheby’s International Realty
It was passed in on a $2 million vendor bid with the marketing having sought $2.2 million.
Set on 688 square metres, the residence at 34 Charles Street with 567 square metres of space has views across Port Phillip Bay.

It was designed by architect Elise Ross and constructed by local luxury builder Simon Ross – a brother and sister team – with plenty of use of timber, American oak flooring, silvertop ash panelling and blackbutt decking.

“It is a family passion project by the Ross family,” Peninsula Sotheby’s International Realty listing agent Hamish Opray said, noting there was a “sophisticated Scandinavian-inspired aesthetic throughout”.

weekend auction wrap April 20
The kitchen at 34 Charles Street, Blairgowrie. Photo: Sotheby’s International Realty

The three-level floorplan incorporates distinct, self-contained living zones serviced by an Italian hydraulic lift.

There is a solar-heated, glass-tiled pool.

Sydney had the priciest weekend auction offering, which was a vacant block at 20 Macintyre Crescent, Sylvania Waters, billed as having the potential to be a holiday home.

It was an 808-square-metre building block with approved plans for a luxury residence with an extra wide 30-metre water frontage with deep- water mooring facility to accommodate vessels up to 28 metres in length plus dry dock and jet ski facilities.

weekend auction wrap April 20
The block, bottom right, has a 30-metre water frontage. Photo: DJW Property

The house plans have been designed by Rabi Moussawel of RM Designers.

“The vision was to design a house which made the owner feel like he was on holidays every day of the year,” Moussawel said in the marketing.

“From the moment you enter the house you experience the luxurious double-height ceiling space like a hotel foyer.

“This luxury home is alive with ocean drama, swaying palm trees, quiet sunrises, and flamboyant sunsets.

weekend auction wrap April 20
The sale came with approved plans for this house. Photo: DJW Property

“It is a rare architectural masterpiece, connecting outside with inside and enjoying spectacular, unobstructed views of the water.

“Fish in the morning, swim during the day and jet ski in the afternoon … why travel when you are already on holidays.”

DJW Property agent John Basa said it was it was passed in at $3.965 million, below its reserve price of $4.1 million.

Its last sale was in 2009 when the 1965 home was bought for $2.315 million, having sold pre-GFC at $2.9 million in 2004. advised the NSW clearance rate, based on 97 auction results over the past week, sat at 59 per cent.

South Australia also secured a 59 per cent success rate over the past week from 29 results.

Queensland had a 33 per cent clearance rate from 39 results.

There were two offerings at 1770, the small town promoted as the gateway to the southern Great Barrier Reef, near Gladstone, where explorer Captain James Cook briefly landed in May 1770.

A detached architect-designed duplex at 4a/4b Orton Court failed to sell.

weekend auction wrap April 20
The property fetches $3000 a week in rent during the peak season. Photo: PRDnationwide

With ocean views over Bustard Bay, the duplex offering was the winner of 2014 Queensland Master Builders Association award after being constructed in 2014 by Gibson Homes.

“No expense was spared in construction using corrosion-resistant materials to ensure low maintenance,” its PRDnationwide marketing advised.

“The properties were passed in,” PRD agent James White said. They have been returning $3000 a week as rentals during the peak season.

Orton Court is named after Captain Cook’s clerk Richard Orton, whose earlobes were slashed during the drunken night when Cook’s crew anchored in Bustard Bay.

An entry-level home in 1770 set amid tropical gardens also did not sell at 628 Captain Cook Drive though PRDnationwide.

weekend auction wrap April 20
The home last sold in 1991 for $210,000. Photo: PRDnationwide

The classic holiday home comprised two bedrooms, open-plan kitchen and living room with a large sunroom and balcony area, to capture the views.

It last sold at $210,000 in 1991.

Victoria’s success rate was put at 58 per cent with just 26 results.

Rosebud was among the busiest auction locations.

A three-bedroom, one-bathroom house, listed through Paul Cunnington and Tullie Roberts of Barry Plant, was sold at an undisclosed price.

Situated at 79 First Avenue, the home had come with a price guide of $520,000 to $570,000.

weekend auction wrap April 20
Rosebud was among the busiest auction locations over the Easter weekend. Photo: Barry Plant

Set on 385 square metres, the renovated home last sold in 2008 for $290,000.

Another Rosebud property, marketed as a “grand weatherboard ready for a makeover” was pulled from auction.

The four-bedroom, one-bathroom house set on 760 square metres, had a price guide of $520,000 to $550,000 through Barry Plant.

Situated at 14 Hayes Avenue, the listing noted the property had the potential to be subdivided or become a two-unit site.

The median price for a home in Rosebud is $605,000, according to CoreLogic, with the median days on market before a sale at 32 days.

Jonathan Chancellor is editor at large at Property Observer

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