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Ray White Double Bay sells over $27.5m worth of property at in-house auctions

By Kenn Leong
Signalling a strong start to the spring market, Ray White Double Bay’s first in-house auctions of the season saw over $27.5m worth of property sold.

With a clearance rate close to 89 per cent, nine properties went under the hammer, and two properties sold prior. Ray White Double Bay principal Craig Pontey says the results were impressive but not unexpected.

“There’s a lot of confidence in the market and that’s stayed consistent throughout the whole year. There was really no doubt that the beginning of the spring market would see a lot of buyer activity.

“We expect this activity to only increase further as we approach the end of the year.”

Of the nine properties auctioned at last night’s event, some big sales were achieved including 48 Kambala Road, Bellevue Hill selling for $8.3m and 49 Dover Road Rose Bay fetching $3.310m.

“More than 100 people attended the auctions and the homes that were on offer were highly contested,” Mr Pontey said.

The auction event was held at Ray White Double Bay’s new auction house facility with display screens and video cameras to allow overseas bidders to participate in auctions remotely. Last night’s auctions were the first to be held in the auction house.

To kick off the evening, a $1000 voucher for the Winning Appliances Flagship Redfern showroom was auctioned for charity, which sold for $750.

“In addition to the $1000 credit, Winning Appliances donated all proceeds to Brainstorm for a Cure and our chosen charity, Australian Rare Chromosome Awareness Network,” Mr Pontey said.

View the full gallery of images here.

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