Melbourne vendors who pushed on with Saturday sales via online auction were rewarded with big results.
The vast majority of the city’s 350 auctions scheduled for Saturday were sold early or withdrawn from the market after a ban on private inspections amid stage four coronavirus restrictions.
But agents who streamed online auctions from their living room still successfully sold a number of homes to desperate buyers.
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50 Flannery Ave, Bundoora went to auction on Saturday.
It sold from the agent’s living room.
A Bundoora house at 50 Flannery Avenue, which had been held by one family since 1985, sold for $680,000.
It was a result well above the $600,000 reserve – vastly different to it’s previous sale price of $76,000, CoreLogic shows.
Barry Plant North Eastern Group agent Jay Moxon said five bidders, who were mostly first-home buyers, joined in the action.
“It was mostly people looking to move in and do some renovations to the place,” Mr Moxon said.
“The vendors were rapt, especially because another larger house on the street sold for $670,000 just a couple of weeks ago.”
Mr Moxon said the property had a full-length sales campaign and it was always due to go under the hammer this weekend, which helped attract eight registered bidders to the auction.
Another Barry Plant sale at 1 Valda Street in Watsonia attracted five determined bidders, who pushed the price to $773,000.
1 Valda Street, Watsonia sold for $773,000
Barry Plant North Eastern group auctioneer David Moxon selling the property.
A retro fit-out inside the home.
The brick home had been listed with a $680,000-$730,000 price guide.
Ray White Victoria chief executive Stephen Dullens said plenty of buyer demand had spurred on strong results since the latest lockdown announcement.
“We ended up calling about 50 auctions since Wednesday night and transacted quite a large number,” Mr Dullens said.
“A lot of buyers are still out there looking despite supply reducing.”
Ray White auctioneer Andrew Davies selling from his living room
12 Glenmore Crescent, Black Rock was one of Saturday’s most expensive sales.
The traditional home sold for $2.76m.
One of the most expensive sales across Melbourne was also collected by a Black Rock beauty at 12 Glenmore Crescent, sold by Ray White Carnegie. The traditional five-bedroom home sold for a whopping $2.76m, more than $300,000 above the top end of the price guide.
A Burwood East unit at 2/1 Cornish Road also sold for $957,000 under the hammer after 16 bidders registered to compete.
2/1 Cornish Road, Burwood East sold for $957,000.
Inside the light and bright home.
The final price smashed through the reserve of $880,000, Ray White Glen Waverley Darryl Wickham said.
Glen Waverley buyers Yuna and Eric, who did not provide a surname, watched a few online auctions during the week to get familiar with the format before their own event.
“We are comfortable with the process but it is our first time we have ever bid and bought at auction,” Yuna said.
They added that August 8, an auspicious date in the Chinese calendar, was an especially “good day to buy”.
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