Written by Brendan Simpkins
A pair of million dollar properties headlined a fruitful first week of auctions for April over the weekend.
In the upmarket Burnside area, a three bedroom home in Leabrook recorded the largest sale price for the weekend.
Auctioned off by Tim Thredgold of Toop&Toop Real Estate, alongside wife Megan as the selling agent, the bungalow sold for $1.6 million at final call – slightly above the average price for the desirable suburb.
Not too far behind was a stunning 4 bedroom home in Lockleys which sold for $1.41 million.
The sale price rose considerably from the last time the property was up for sale, selling for $670,000 way back in 2003.
Jonathon Moore was the auctioneer for the property, his largest sale for the weekend.
The two million dollar sales bumped the average sale price for the weekend up to $753,125 – a considerable increase from last weekends average of $576,269.
Moore oversaw the sales of 4 other properties for the weekend, taking his clearance rate up to 100%.
Independent auctioneer AJ Colman also enjoyed a healthy weekend of auctions will 5 properties selling for a 100% clearance rate.
Colman’s weekend was highlighted by a $960,000 sale of a heritage listed home in the south of the CBD.
60 people were on hand to watch the circa 1860’s home switch hands to its new owners.
Elsewhere, David Smallacombe had two properties sell over the weekend, while Mark Fricker had 5 properties up for auction but all were held over and had sales finalized privately.
A total of 16 out 23 properties up for auction by members of the Society of Auctioneers and Appraisers sold, resulting in a 70% clearance rate for the weekend.
A staggering 57 auctions are scheduled to take place this upcoming weekend.
*All results provided by the Society of Auctioneers and Appraisers*
If you wish to have your auction results included, please ensure your auctioneer is reporting their results to www.auctioneers.com.au
Tim and Megan Thredgold: 3 Godfrey Terrace Leabrook