A renovated family home in the southeast exterior of Rowville sold for $1.517 million at virtual auction on Saturday, or $197,000 above reserve.
Forty bidders registered for the online auction of 3 Hopkins Close, with only 12 having the chance to bid on the four bedroom house.
It was one of 202 auctions scheduled in Melbourne on the day of the AFL Grand Final, traditionally a quiet auction weekend.
In the evening, Domain Group recorded a preliminary resolution rate of 75.9% on 137 reported results, while 28 bids were withdrawn. Withdrawn auctions are counted as unsold properties when calculating the clearance rate.
3 Hopkins Close, Rowville VIC 3178
The home was listed with a price guide of $1.2 million to $1.32 million.
An opening bid of $1.2 million showed buyers were serious, and the newly remodeled home sold after just 15 bids.
In the end, a single bid of $2,000 sealed the sale to a young family who are now hoping for a short-term settlement.
Director Ray White Ferntree Gully Ben Thomas said the sale was a huge achievement on an unusually busy weekend for Melbourne auctions.
“In the past 15 years, I’ve never held a grand final day auction,” he said.
The AFL Grand Final is normally one of the quieter weekends for agents in Melbourne, but it was a different lockdown story this year as the market started to catch up after the lifting of the lockdown. a six-week ban on private home inspections last week.
The 7.15pm kick-off time for the Perth-based fixture allowed auctions and individual inspections to take place during the day.
In Melbourne’s northeast, a local couple have bought a four-bedroom repairman for $1.72million, above the $1.4-1.5million price bracket.
They plan to demolish the house at 43 Tracey Street, Doncaster East, and develop the 700 square meters of land it sits on, sales agent Barry Plant Manningham and Demons supporter Scott-Georges noted.
43 Tracey Street, Doncaster East VIC 3109
Ten bidders – eight online and two by phone – competed for the keys, with a first bid of $1.31 million setting the scene.
The sellers had only owned the house for a few years before deciding to resell and were “just capitalize on the market,” George said.
A two-bedroom repairman – which was close to buildings damaged in the 5.9 magnitude earthquake that hit Melbourne on Wednesday, but escaped damage itself – sold for $1.025 million under the virtual hammer on Saturday, 79 $000 above the upper end of its asking price range.
The house at 56 Duke Street, Windsor, was just 400 yards from Betty’s Burgers & Concrete Co, which lost part of its brick exterior in the earthquake.
56 Duke Street, Prahran VIC 3181
The sellers had already moved on and had not been caught up in the drama during the week, Biggin & Scott sales agent and auctioneer Simon Dale said.
Nine bidders registered and five competed in the virtual auction, with a young couple winning the keys.
With individual inspections allowed in Melbourne over the past week, after seven weeks of strict lockdown, buyers were able to see through the property on Saturday just before the auction was to take place, Mr Dale said.
“They’ll have to fix it first and then potentially have it as an investment,” he said.
In Kew, first-time home buyers and downsizers have been vying for a two-bedroom apartment at 5/20 Marie Street which sold for $682,000 – well above the $550,000 to $600,000 price range.
5/20 Mary Street, Kew VIC 3101
Nelson Alexander Kew’s sales agent, Helen O’Grady, said five of the seven bidders were first-time home buyers, while two were looking to downsize.
The first-time home buyer was very excited after making his winning offer, Ms O’Grady said.
Officers were also extremely busy with individual inspections on Saturday.
“It’s normally very quiet, but the fact that we’re still working late into the afternoon means these are unprecedented times,” Ms O’Grady said. “Buyers are on the go and desperate to buy.”
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