Gina Rinehart joins last-ditch pre-Christmas Sydney auction sale hopefuls
Australia’s richest woman Gina Rinehart has the former Mosman home of her daughter Hope Welker listed among the 800 plus Sydney auctions scheduled for December 14 auction.
The contemporary Bradleys Head Road house (pictured below), bought in 2007 for $5.4 million, has reported $5 million plus auction hopes. Ms Welker and her husband, Ryan Welker, vacated the property as they departed for New York in 2011, around the time the family dispute over control of the family's mining interests became public through litigation.
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The bumper spring auction season - with a 900 plus Sydney record this weekend and Melbourne's second highest ever at 1327 - is set to spill over into early summer.
Indeed Australian Property Monitors shows both capital have 100 plus listings (see below) on the December 21 weekend.
The 2013 auction listing schedule:
7/9/13 211 420
14/9/13 628 833
21/9/13 556 853
28/9/13 583 45
5/10/13 257 719
12/10/13 721 866
19/10/13 634 927
26/10/13 688 1,358
2/11/13 744 120
9/11/13 796 965
16/11/13 773 1,078
23/11/13 751 937
30/11/13 900 1,327
7/12/13 834 1,292
14/12/13 887 1,246
21/12/13 113 110
Source: Australian Property Monitors
With this wekend's 902 offerings, Sydney's inner west is the busiest with 123 scheduled, followed by the south with 116, the west with 78 and the city and east with 70.
Epping in the city's north will offer the most prospects this weekend with 15 homes scheduled to go under the hammer. Maroubra and St Ives have 10 auctions each followed by Carlingford with nine and Mosman with eight auctions scheduled.
In Melbourne this weekend the most popular suburban region for auctions is the inner bayside with 228 properties scheduled to go under the hammer. Next busiest region is the inner city, with 213, closely followed by the inner east with 208, the west with 199 and the north east with 177.
Preston has 24 properties scheduled for auction, the busiest suburb. Brighton will also be busy with 22, along with Richmond and Elwood with 20 each, Toorak with 18 and Glen Iris and Mentone each with 17 homes up for sale, according to APM.
It's not just auction sales strength. Sydney's private treaty market strength continued into November, according to the latest Australian Property Monitors data on days on market and required discount to secure a private treaty sale.
Source: Australian Property Monitors
Source: Australian Property Monitors
