Doncaster home tops reserve by more than $250,000
Voters turned out in droves at auctions across Melbourne’s east on a sunny election day, with strong sales results recorded despite the federal election reducing auction numbers.
A slow-starting Doncaster auction was brought to life as four bidders placed 67 bids, smashing the property’s reserve by $271,000.
A vendor bid of $900,000 was required to kick things off at 30 Gray St, but strong competition from then on brought the sale price to $1.271 million.
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“I think it exceeded everyone’s expectations on the day — we knew we had some interest there, but that result was a bit of a surprise, a nice one,” Philip Webb agent Joseph Corsi said.
“Two people really fought it out towards the end.”
Mr Corsi said the election’s only notable effect on the auction was in “serving as a bit of fodder for the auctioneer’s jokes”.
“There was good interest — the election really didn’t have an impact on the buyer’s thinking, certainly not the people that were there participating.”
The home was picked up by a couple with plans to renovate, after also attracting interest from buyers looking to build.
Although thrilled with the result, the downsizing vendors were giving up their “much-loved family home”, Mr Corsi said.
He said the sale was “like the old days”, but was not a sign of a recovering market.
“We’re probably not seeing a lot of other properties with that same sort of result,” Mr Corsi said.
“The market’s probably steadied and there hasn’t been a lot of available properties on the market as well — that’s driven competition across what is available.”
A “one-off luxury home” in Blackburn was picked up by a woman FaceTiming with her husband while he was overseas.
“Technology is an amazing thing,” Barry Plant Blackburn agent Terry Burgoyne said.
“She was talking to him while he was in Papua New Guinea and he could see what was going on because she was moving the phone around.”
Six bidders lifted the price of 22 Harold St to $2.1 million, where the home passed in to the couple.
“When it passed in, it was immediately negotiated to $2.225 million — and that was done within two or three minutes,” Mr Burgoyne said.
“I’m still quite pleasantly surprised, nothing had sold for over $2 million (in Blackburn this year), most of the project homes have sold for $1.7-$1.8 million, so this smashed them out of the park.”
Mr Burgoyne said the result was evidence quality homes could sell in any market.
“I’ve long held a belief that quality homes in quality locations, well-marketed and well-presented, will always sell for a good price,” he said.
A four-bedroom Mitcham house attracted bids from six groups after also going under the hammer on election day.
The sale price of $899,000 for 27 Ashburton Drive was $27,000 beyond the reserve price, after attracting 30 bids.
A young couple, expecting their second child in August, won the keys to the home, after recently selling their Hawthorn apartment.
Philip Webb director Sam Babalis said numerous offers around $800,000 were considered ahead of auction.
A prestigious four-bedroom home in Forest Hill sold under the hammer for $1.88 million after competition between two bidders.
The property at 64 Lee Ann St sold for $30,000 above reserve, after a starting bid of $1.6 million got the action underway in front of 80 onlookers.
Ray White Manningham agent Diana Dai said the result was unaffected by being on the same day as the election, with buyers already out and about for the day.
“In the morning they go to the polling booth and in the afternoon they go to the auction,” Ms Dai said.
“I haven’t seen an auction like this for a long time — you can’t find a house like this in Forest Hill. It is a beautiful home.”
A two-bedroom Nunawading home sold ahead of auction to a single dad planning to renovate.
The property at 34 Lindsay Ave sold for $660,000, above the price guide of $580,000 to $638,000.
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