50% Increase as Sellers Scramble to Maximise Border Opening
A surge of sellers have jumped to list their homes coinciding?with the border opening, now predicted to be brought forward to early December.
Figures released this week by CoreLogic, show auction numbers are up 50% compared to the same time in 2020.
As predicted volumes continue to surge, nationally 3,810 homes are this weekend scheduled for auction compared with 1803 for the same time last year.?
The Brisbane clearance rate is also significantly higher than the same time last year at 80% compared with 57% in 2020.??This coincides with confirmation?that the?Brisbane market continues to be Australia's fastest growing capital city, prices climbing a further 2.8% in October, leaping 22.5% overall for the year.?
Affordability continues to drive buyers north with the median house price around $730,000.?
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This Week's Top 10 Sales
Another massive week for Brisbane real estate, with some $3,000,000 plus sales actually missing out on making this week's top 10 and a huge $7,000,000 sale taking top spot!?Take a look at the full list below:
1. 25 Mullens St, Hamilton $7,000,000
2. 171-175 Laurel Ave, Chelmer $6,350,000
3. 525 Jesmond Rd, Fig Tree Pocket $5,575,000
4. 98 Quay St, Bulimba $5,100,000
5. 33a Markwell St, Hamilton $3,800,000
6. 69 Orlando St, Yeronga $3,650,000
7. 11 Ludlow St, Hamilton $3,500,000
8. 8 Teneriffe Drive, Teneriffe $3,325,000
9. 23 Moynihan St, Ascot $3,230,000
10. 23 Agnes St, Auchenflower $3,200,000
=10. 5 Glencairn Ave, Indooroopilly $3,200,000
?*Top?10?Results are based on publicly available data, auction results, and data provided by agents. Data is deemed reliable at the time of publication but Christine Rudolph and Ray White New Farm neither?warrants?its accuracy or accepts any liability in relation to its use.
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National Outlook
The November Edition of Ray White Now reports that active bidders at auction across Australia continue to hit record levels and scheduled auctions across the Ray White Group are currently double what they were last year.
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House of the?Week?
Elegantly positioned on an enviable 913sqm in one of Hamilton's most prestigious streets, this exceptional executive home represents history, style and glamour.
This stately residence has been revived from its original 1920's art deco origins, enhanced and extended to providing a private sanctuary fully maximising the block while remaining surprisingly low maintenance.
A much loved family home, it has changed hands possibly only 4 times in it's almost century old history.
This property is going to Auction at our Summer Auction Event, Saturday 11th December, The Calile Hotel from 9:00am, if not SOLD prior.
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Summer Auction Event
Saturday 11th December at The Calile Hotel from 9:00am
Momentum continues to drive the Brisbane Market as we rush towards Christmas with plenty of buyers looking to make decisions to be settled in time for 2022.
We have another exciting line up of properties launching next week for our final auction event at The Calile Hotel on Saturday 11th December.?
This will be a fabulous event and if you are looking to take advantage of the incredible swell of interest in the Brisbane market, please contact me so that we can book your beautiful property to be part of this event.?
We look forward to seeing you at our open homes.?
Christine