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“We buy first and then sell, which is a bit stressful in a falling market, but it worked out well,” he said. “It’s great to give our house over to another family with kids.” Four of the five registered bidders competed for the house, but needed a few pushes to start bidding. Credit: Peter Rae Sales agent William Pereira, from Adrian William, had been expecting seven buyers, but two came out at the last minute, deciding to watch the auction from the sidelines. Pereira said news of rising interest rates and falling prices had made buyers a little more cautious in their approach, but noted there was still good buyer demand. White predicts it will be his strongest auction of the day, with only one or two bidders expected at the other three auctions he calls on Saturday. “It’s great to have such a strong offering … that’s rare nowadays,” he said. While rising interest rates put downward pressure on prices, as it affects buyers’ borrowing...

The 740-square-meter property is a rare opportunity to secure a flat block with city views in the peninsula enclave, Bagala said. Records show the house last traded for £4650 in 1956. Although the market was not as vibrant as before, blue chip properties were still selling at the same level as last year, Bagala added. Auction Troy Malcolm prepares to sell the house. Credit: Rhett Wyman Suburban home prices jumped more than a third in the year to March, according to Domain data, hitting an average of $4,115,000. In Rushcutters Bay, a first homebuying couple bought another fixer top—a one-bedroom apartment with study—for $641,000. There were eight registered bidders for the deceased inheritance at 3/70 Bayswater Road and five made bids after bidding opened at $500,000, pushing the price $91,000 above reserves. First-time homebuyers beat builders, investors, and other homebuyers for locks. That’s good news for a couple who are vacationing in Byron Bay and have families bidding on t...

The 740-square-meter property is a rare opportunity to secure a flat block with city views in the enclave of the peninsula, Bagala said. Records show the house last traded for £4650 in 1956. Although the market was not as vibrant as before, blue chip properties were still selling at the same level as last year, Bagala added. Auction Troy Malcolm prepares to sell the house. Credit: Rhett Wyman Suburban home prices jumped more than a third in the year to March, Domain data showed, hitting an average of $4,115,000. In Rushcutters Bay, a first homebuying couple bought another fixer top—a one-bedroom apartment with study—for $641,000. There were eight registered bidders for the deceased inheritance at 3/70 Bayswater Road and five made bids after bidding opened at $500,000, pushing the price $91,000 above reserves. First-time homebuyers beat builders, investors, and other homebuyers for locks. That’s good news for a couple who are vacationing in Byron Bay and have families bidding on ...

“Buyers are really waiting to see who else might be out there and what they have to offer,” Saad said. “They thought that delaying might give them a little more power in the negotiations afterwards.” The house in Melbourne’s west is one of 630 auctions scheduled across the city on Saturday. In the evening, Domain Groups recorded an initial clearance rate of 55.0 percent of the 451 reported results, while 68 auctions were cancelled. Drawn auctions are counted as unsold properties when calculating clearance levels. The Maidstone House isn’t the only one passing by and selling later on the weekend. A three-bedroom terrace at 108 Roseberry Street, Ascot Vale passed, then sold for $1.2 million in reserve after auction. Nelson Alexander Ascot Vale sales agent Josh Calendar said two bidders were competing and one made a strong bid while the other tried to slow down the process by making a $1000 bid. The property made a bid of $1.18 million, before quick ...

Gorgosaurus dinosaur skeletons will be auctioned for the first time and are expected to sell for between $5 million and $8 million. Sotheby’s auction house will place a specimen 3m high and 6.7m long under the hammer* in New York on 28 July. Sotheby’s described the skeleton as “one of the most valuable dinosaurs ever to appear on the market”. Gorgosaurus roamed the earth about 77 million years ago. A typical adult weighed about two tons, slightly smaller than its more famous relative, Tyrannosaurus rex. Paleontologists* say it’s fiercer and faster than the T-rex, with a stronger bite of about 42,000 newtons* compared to the T-rex’s 35,000 newton. The skeleton was found in the Judith River Formation near Havre, in the US state of Montana in 2018. The sale will mark the first time Sotheby’s has auctioned a complete dinosaur skeleton since selling Sue the T-rex in 1997 for $8.36 million. “All the other Gorgosaurus specimens that have been fo...

“You can never go wrong with the inner city area… the market may be down at the moment but it won’t be like that forever.” Happy shopper Martin Muscat (right) with his father John Muscat. Credit: Peter Rae An experienced apartment renovator, Muscat says he has factored in the higher building costs when deciding what he will spend on the house. He plans to make some repairs and rent it out temporarily, before tackling a larger renovation. “We wanted to turn it into a contemporary four-bedroom residence, and definitely wanted to keep the facade… we’ve added a few hundred thousand dollars into what we initially thought would cost and let’s hope it doesn’t exceed that.” Sales agent Gerardo Ricco, of Ray White Hurstville, was surprised by the turnout given the cold market and rapidly rising building costs. He had expected about 10 bidders. “The owner will take a little less [than the reserve] if we have to because the market is like that, but we don’...