Record May Auction Listings Bring Strong Results
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Record May Auction Listings Bring Strong Results

Pre-Budget home sellers took advantage of insatiable buyer’s appetite.

By Terry Christodoulou
Mon, May 10, 2021 10:54amGrey Clock 2 min

Auction results from Saturday, May 8, saw a number of sellers attempt to cash in on what is still a boomtime market.

A May record of 2563 auctions were reported in auction capitals on Saturday – an increase of 12.2% over the previous weekend and the second-highest offering of the year so far, only behind the Super Saturday auctions of Match 27.

Clearance rates in all capitals eased from the record-breaking March results, yet are still very strong in light of high auction numbers with an average clearance rate of 83.1% – just below the 83.3% of the previous weekend

The Auction markets will be further strengthened by the Federal Budget announcements which signal significant stimulus policies aimed directly at housing demand and first home buyers.

Sydney’s high autumn clearance rates have faded marginally compared to the results recorded in March. However, the market still favours the seller with a clearance rate of 83.5% posted in the harbour city, just below 84.6% and well above the 71.3% recorded this weekend last year.

A Sydney May record of 1014 auctions was reported on Saturday, with the city recording a median price of $1,650,000 for houses sold at auction at the weekend, which was 3.7% higher than the $1,595,000 reported over the previous Saturday and 34% higher than the $1,231,000 recorded over the same weekend last year.

Melbourne fared similarly with a month-high weekend clearance rate of 80.7%, up on the previous weekend’s 80.1% and well ahead of the COVID-impacted 48.2% recorded over the same weekend last year.

A total of 1248 homes were reported listed for auction on Saturday – well above the 1084 auctioned over the previous weekend.

Melbourne recorded a median price of $1,050,000 for houses sold at auction on the weekend, which was 4.9% higher than the $1,001,000 recorded over the previous weekend.

Data powered by Dr Andrew Wilson of MyHousingMarket.com.au



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Kit Braden, an executive at French beauty empire L’Occitane, has spent every winter for the past 13 years at the stone vacation home.

By CHAVA GOURARIE
Mon, May 11, 2026 2 min

A historic Barbados estate with a 300-year-old villa and 11 acres overlooking the Caribbean Sea is now for sale with a guide price of $22.5 million.

The seller is Kit Braden, chairman of the U.K. branch of French beauty empire L’Occitane Group, whose family has spent every winter for the last 13 years at the island property, known as Fustic Estate.

“It’s very much a family house,” Braden said. “We love having a lot of people there. It’s a collection point to keep everyone together.”

The main villa dates to 1712, though it’s been reimagined and expanded substantially over the years.

It spans 13,000 square feet and features seven en suite bedrooms across three wings, as well as expansive verandas, stone courtyards and rows of louvered doors in gay Caribbean pastels.

In the 1970s, when the home was owned by Charles Graves—brother of British poet Robert Graves—it was reimagined by stage designer Oliver Messel, one of the foremost theater designers of the last century. Messel expanded the home, added a lagoon pool with a natural waterfall and other theatrical features, according to Braden.

“The whole place is a little bit magical,” he said.

The home sits about 350 feet above the water, and surrounded by lush gardens that slope towards the water.

“We look down through our garden—which is about 12 acres of tropical gardens and palm trees and wonderful old mahogany trees—onto the Caribbean,” Braden said.

He and his wife first saw the property on New Year’s Eve 2013, during a quick trip from where they were staying in Grenada.

The couple spent an hour walking the perimeter, some of it still untouched jungle, in the pouring rain.

“By the time we got back, I had fallen in love with it,” Braden said.

His wife, however, wasn’t so sure. But in Braden’s telling, a second visit in sunnier weather with two of their children brought her around.

“She had to be talked into that it was a jolly good idea; now she absolutely loves it,” he said.

When they bought the property, the edge that runs along the waterfront was a jungle, so they cleared the ridge and transformed it into gardens.

They also bought an additional sea-level parcel with two beach cottages, giving the property direct access to the water and the town below via a five-minute walk.

The property also has a 15-person staff, a reflecting pond, an outdoor pavilion suitable for yoga and a commercial grade kitchen that can serve more than 100 guests, according to a brochure from Knight Frank, which posted the listing in March. They did not provide further comment.

For Braden, the property is special because of its natural beauty, its proximity to the town of Saint Lucy and its history—which dates way way back to when the island of Barbados was first formed via tectonic activity.

“It was basically tectonic plates that collided about a million years ago so the seabed is the top of the hill,” Braden said. “We’re on coral rock.”

As a result, Fustic Estate includes an extensive network of caves that were likely used by the Arawaks, a Venezuelan fishing tribe that followed the fish to these islands about a thousand years ago.

“If the fish were good they’d camp here,” Braden said. “There’s evidence that they stayed there in those caves, they lived there in good winters.”

Now it’s someone else’s turn to live on the land shared by Arawaks, the plantation owners of 1712, Charles Graves and the Braden brood.