Ray White office achieves 100% auction clearance rate

Ray White Double Bay’s first auction event for 2016 was a major success after the group transacted almost $19 million worth of property.

Four properties sold on the night and a further three properties sold prior to the event, held at the Ray White Double Bay Auction House.

The keys to 1/22 Etham Avenue, Darling Point were hotly contested with five registered bidders, while 26/38-40 Diamond Bay Road, Vaucluse also sold at the auction event

Five bidders competed for 18 Roberts Street, Rose Bay and a block of apartments at 1 Sir Thomas Mitchell Road, Bondi Beach also sold under the hammer. The block contains six one-bed apartments between 35-40 square metres each in size, on a 242-square-metre block without parking.

The following properties all sold prior to auction:

• 2/169 Victoria Road, Bellevue Hill
• 34 Hopetoun Avenue, Vaucluse
• 93 Ocean Street, Bondi.

The total value of the properties transacted through the auction programme was $18,960,000.

Ray White Double Bay's associate director and sales agent for the properties, Gavin Rubinstein, said the auction results are direct evidence that it’s an opportune time to sell.

He noted the high levels of competition and buyer interest in quality property throughout Sydney’s eastern suburbs.

[Related: Ray White announces major partnership]

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