Sydney And Melbourne’s Clearance Rates Slide - Kanebridge News
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Sydney And Melbourne’s Clearance Rates Slide

However strong results persist nationwide.

By Terry Christodoulou
Mon, Apr 12, 2021 10:22amGrey Clock < 1 min

Auction markets resumed on Saturday following last weekend’s pause in activity for the Easter holiday break.

Clearance rates continued to reflect boom-time market conditions in all capitals however Melbourne and Sydney were well down on recent weekend results posting 79.1% and 82.4% clearance respectively.

Sydney, while strong at 82.4%, was well below the 90.4% recorded a fortnight ago and reported the lowest clearance rate since the 81.1% recorded on Saturday January 30.

Auction numbers in the Harbour City remained robust with 785 listings while the median price for houses sold at auction on the weekend of $1,550,000 was only 1.4% lower than the previous fortnight’s results.

Melbourne fell to a year low after the Easter holiday break reporting a rate of 79.1%. A total of 905 homes were listed for auction which, while healthy, produced a median price of $945,750 for houses sold at auction on the weekend, down 6.8% from Super Saturday.

However, despite Sydney and Melbourne’s slip, Brisbane performed well at 90.7%, while Adelaide (86.4%) and Canberra (92.5%) continued to surge.

Across the nation listings numbers were also, predictably lower compared to the auctions conducted over Super Saturday a fortnight ago, with markets slowed by school holidays.

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



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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.