Nine news presenter Brett McLeod and his wife Louise sold their funky pad Fitzroy North for $3.29 million at an online auction on Saturday as the Melbourne property market marked its second weekend in lockdown -out six.
The sale price of the converted two-storey storefront at 97 Delbridge Street was well above the $2.95 million mark it was marketed at.
It was one of 1,038 auctions scheduled for Melbourne on Saturday, despite Lock Six being extended by a week.
In the evening, Domain Group recorded a preliminary resolution rate of 54.6% on 663 reported results, while 275 bids were removed. Withdrawn auctions are counted as unsold properties when calculating the clearance rate.
97 Delbridge St. Fitzroy North VIC 3068
Bidding opened at $2.9 million via Zoom and the action was fast and furious as five of six registered bidders battled it out for the keys.
It boiled down to two buyers bidding in $5,000 increments before one pulled out. A young couple of professionals were the buyers.
McLeod, who has worked in radio and for the news desk of Domain majority owner Nine for the past three decades, is both a Quill Award winner and a Logie winner. He owned the property for just over 16 years.
It is now move abroad work for the second time in the coveted role of correspondent for Nine Network Europe.
Nelson Alexander Carlton North Partner and Auctioneer Tom Robert said the sale of these trendy downtown homes was rare and would only become scarce.
“[Lockdown] certainly made it harder for everyone… but hopefully we will soon,” said Roberts optimistically.
Under lockdown rules, bidding and in-person inspections are banned, with the market now operating online.
However, that has yet to stop the voracious appetite of buyers, with a house in the south-eastern suburb of Rowville sold to a family who had only inspected the property virtually.
After a marathon online auction, they bought the four-bedroom house from 8 Wanaka Close for $1,093,500 – well above the auction price guide of $880,000 to $968,000. The property had been called on the market at $1.05 million.
8 Wanaka Close, Rowville VIC 3178
Ten parties registered to bid, and four of them were active. Bidding started at $840,000 and a slew of offers followed, some as low as $500.
Sales Agent Ray White Rowville David Armstrong said the sellers had owned the property for 10 years and were now downsizing to a home they had previously purchased.
The house, in the “lakes” neighborhood of Rowville, was one of the most popular in the suburbs, he said.
“Sales in Rowville continue to grow quite strongly,” Mr. Armstrong added. “It seems like when we come out of lockdown it gets busier with high demand and low supply.”
In the city’s east end, a repairman owned by the same family since the 1920s has sold for $1.98 million online after 25 registered bidders pushed the price above the 1.5 reserve million bucks.
The two-bedroom house in 37 Hughes Street, East Malvern, was sold by state administrators as part of a deceased estate.
37 Hughes Street, Malvern East VIC 3145
Director and Auctioneer YPA St Albans Gian Pham said a family who lived locally bought the house and planned to tear it down and build a new house on the block.
“It all depended on the location,” Mr. Pham said. “It was on a nice tree lined street and right behind the shops.”
Closer to the CBD, in Collingwood, a single-fronted terrace with potential for renovation broke its reserve by more than six figures in a virtual auction.
The two-bedroom house in 317 Wellington Street sold for $991,500, well above its advertised reserve price of $880,000.
317 Wellington Street, Collingwood VIC 3066
Bidding started right on the reserve and jumped in a mix of increments from $10,000 to as low as $500 as four sides competed. First-time home buyers prevailed.
Tom Roberts of Nelson Alexander, who also sold the Fitzroy North property, said it was a very good result despite the sales campaign being halted.
Only two or three open for inspections could be held due to stop-start lockdown rules, he said, which did not deter first-home hopefuls seeking upgrades.
“It’s a home that’s in a really competitive price range — that sub-$1 million mark,” he said. “Entering the market, under $1 million, was the attraction of this property.”
One of the weekend’s biggest sales took place in Armadale, where a home sold at online auction for $4.2 million, well above the 3.5 to 3 auction guide $.85 million.
RT Edgar Toorak director and auctioneer Anthony Grimwade would not comment on the sale price of the four-bedroom house at 25 rue Humebut said buyers weren’t put off by online auctions.
25 Hume Street, Armadale VIC 3143
Five bidders competed and a family wanting a bigger house won. Mr Grimwade said the house had been popular with buyers wanting the Armadale lifestyle.
“It’s a very nice house, facing north with a nice double garage and it has potential for further improvements,” he said.
With Elizabeth Redman