Real Estate auction blog: Livestreams and rolling updates from around Victoria
A three-bedroom property in Carnegie has impressed after selling $190,000 above its asking range and a renovated Mill Park house also soared above expectations.
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A Carnegie house has rocketed $190,000 past upper price expectations as five bidders tried their best to secure the property.
The owner of a Rowville property is also celebrating after her home sold for way above expectations and two Airport West homes achieved strong results today.
Keep an eye on the latest auction results on our auction blog or tune into auction livestreams at Gavl.com.
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Real Estate Institute of Victoria president Richard Simpson said the Reserve Bank of Australia would potentially raise interest rates at its Tuesday, July 5 meeting.
The RBA already put up interest rates 0.25 per cent in May and 0.5 per cent in June.
“We’re starting to see investors are thinking about coming back into the market because prices are a bit more stable and rents are starting to rise again, especially residential rents,” Mr Simpson said.
AUCTION REPLAYS AND RESULTS
The REIV recorded a 70 per cent clearance rate from 797 reported auction results last week.
3/25 CHESTNUT ST, CARNEGIE
A three-bedroom house at 3/25 Chestnut St, Carnegie sold for $1.3 million during a cracker auction.
Ray White Carnegie agent Jin Ling Sales said 10 bidders registered and five were active, with the $950,000 first bid just below the vendor’s $1m-$1.1m asking price.
The home was placed on the market at $1.25m.
“The buyers were a local young couple who were really happy with the result,” Mr They said they can see themselves making this into a home and even sunbaking in the front yard in the summer.
“The sellers are also over the moon, they trusted in my advice and trusted in the auction process.
“They were there every day preparing for inspections because we had someone come through every second day of the campaign. In the end we had 230 groups go through the house.”
4 BIRCH COURT, MILL PARK
A recently renovated house at 4 Birch Court, Mill Park, sold for $50,000 higher than its upper asking range.
The home was listed with $589,000-$635,000 price hopes but sold for $685,000.
A $590,000 vendor’s bid started the auction and multiple buyers, including one online, caused bids to rapidly climb.
Barry Plant North Eastern Group agent Con Kara said 52 groups including first-home buyers and investors had looked through the home prior to auction.
“That is a pretty good campaign he said.”
CoreLogic records show the house last sold for $272,000 in 2007.
2/46 BOWES AVE, AIRPORT WEST
Four bidders competed to buy 2/46 Bowes Avenue, Airport West, driving the price above expectations.
Barry Plant Essendon agent Tony Catena said a $520,000 bid began the auction for the unit, which was being sold by its investor owners.
The property was announced on the market at $630,000 as a crowd 30 to 40 watched.
The home sold for $639,000, which was $44,000 higher than its $550,000-$595,000 asking price.
“A young first-home buyer from Taylors Lakes bought the home,” Mr Catera said.
“His parents were very happy he has secured a property.”
Mr Catera said the market made it difficult to predict which homes would sell but that the unit “was popular from day one”.
“It’s a bit unique in that it had an ensuite, not many two bedroom units have an ensuite,” he said.
CoreLogic records show the unit last sold for $432,000 in 2012.
Mr Catera also sold a three-bedroom townhouse at 1/48 Bowes Ave today which also involved four bidders.
The $620,000 opening bid was soon followed by the home being declared on the market at $720,000. It sold for $761,000.
“A young owner/occupier from Mooroolbark were the purchasers,” Mr Catera said.
56 GREY ST, EAST MELBOURNE
A house at 56 Grey St, East Melbourne, with a $3.8m-$4.1m listed range was passed on in a $3.8m bid.
Nelson Alexander Fitzroy partner Peter Stephens said he was negotiating with buyers after the auction.
The home’s owner of 24 years is looking to downsize.
The three-bedroom house features a north-facing backyard and location across from Darling Square.
53 TURRAMURRA DRIVE, ROWVILLE
A Rowville house sold for $1.222m during an auction contested by four groups.
Bidding for the three-bedroom abode opened with a $900,000 offer and the property was placed on the market at $1.06m.
The home’s asking range was $950,000-$1.045m but its sale price was a significant $177,000 higher than this.
Ray White Rowville director Adam Sorrell said there was “a lot of fierce bidding” for 53 Turramurra Drive featuring blonde timber floors, a dining area with pendant lighting and main
bedroom with a walk-through wardrobe and ensuite.
Mr Sorrell said a local family purchased the house.
The owner is planning to move into a retirement village.
“She was over the moon when she got the sold price,” Mr Sorrell said.
“She was planning on having a champagne later to celebrate with her family.”
1 LAWRENCE ST, SEDDON
A retro house at 1 Lawrence Street, Seddon which has been owned by the same person since 1948 has passed in, but looks likely to be sold within a week.
Compton Green Williamstown agent Gerard Hannan opened the auction with a $800,000 vendor’s bid but it ended up being passed in.
However, Mr Hannan said negotiations with a buyer who came forward after the auction would likely result in a sale within seven days.
Mr Hannan described the two bedroom house in Melbourne’s inner west as “a sensational opportunity” close to cafes, shops and Seddon and Middle Footscray railway stations.
The property was listed with a $830,000-$880,000 asking range because its owner is downsizing.
“It literally hasn’t changed in several decades,” Mr Hannan said.
“As soon as people get inside, they say it reminds them of their nonna’s house.”
13 MARONG TERRACE, FOREST HILL
A house at 13 Marong Terrace, Forest Hill, sold for $895,000 this morning, an amount $15,000 above upper price expectations.
Bidding for the three-bedroom home started with a $800,000 bid, at the lower end of its pre-auction $800,000-$880,000 advertised range.
Three bidders joined the action as offers rose in $10,000, $5000, $2000 and $1000 increments.
Woodards Blackburn managing director Cameron Way, the auctioneer, announced the property on the market at $884,000.
The property’s sale price was $731,000 higher than the $163,900 the home’s owners paid back in 1997, according to CoreLogic records.
Mr Way described the abode as the “the pick of the crop” in the heart of Forest Hill.
Woodards Blackburn director Julian Badenach and agent Rachel Waters had the listing.
EARLIER IN THE WEEK
664-666 RIVERSDALE RD, CAMBERWELL
The future of a heritage-listed mid-century house designed by celebrated architect Robin Boyd remains shrouded in mystery after a buyer purchased it on behalf of another party on Wednesday.
Boyd commenced work on the property at 664-666 Riversdale Rd, Camberwell in 1947.
The first home he ever designed, Boyd also lived at the home with his family and designed its second stage after returning from a European trip in 1951.
The abode’s previous owner spent years attempting have the house removed from Victoria’s Heritage Register but remained unsuccessful, with a final request refused by the state’s heritage council in 2021.
The house stood vacant for several years but Woodards Camberwell agent David Gillham said it remained in “pretty much in original form”.
The home was advertised with $1.8m-$1.98m price hopes prior to last week’s auction.
Mr Gillham said there was “very strong” competition between bidders during the auction which began with a $1.8m bid.
“It was pretty spirited, in the end two groups fought it out, a young couple versus a gentleman who bought on someone’s behalf,” Mr Gillham said.
He said the man purchased the house for $2.06m on behalf of another person or group, but had not revealed the plans for its future.
“Hopefully it goes to a lovely family who are going to renovate it and retain it in the way Heritage Victoria will require,” Mr Gillham said.
Robin Boyd Foundation chair Tony Isaacson said the entire 2008sq m site was heritage-listed not just the house.
“It’s an extraordinary opportunity for someone who wants a fabulous little house and a wonderful garden,” Mr Isaacson said.
Mr Isaacson said Woodards had been very open about the heritage restrictions applied to the property during their marketing campaign.
48 STUART ST, THE BASIN
A homeowner in Melbourne’s outer east sold the house she purchased 32 years ago for more than eight times what she paid for it.
LJ Hooker Boronia agent Anthony Vlek said the first bid for 48 Stuart St, The Basin, was $800,000.
Four bidders took part in a Wednesday online auction for the home.
The four-bedroom house was placed on the market at $970,980 and sold for $993,000.
CoreLogic records show the house last sold for $137,000 in 1994.
Mr Vlek said the owner was planning to move to the country.
He said 60 groups looked through the spacious property prior to auction.
“The buyers were actually a young couple in the next street over who bought their first house,” Mr Vlek said.
“They were absolutely pumped and very happy to pay their deposit and get things underway.”
1/23 ADELAIDE ST, ALBION
A weatherboard unit at 1/23 Adelaide St, Albion, passed on Wednesday evening although two bidders registered for the auction.
Bells Real Estate Sunshine agent Dean Larti said one of the buyers offered a $530,000 opening bid which was below the owner’s $550,000-$585,000 asking range.
“We do have a few other people we are working with so if it is not sold this week, it will likely be early next week,” Mr Larti said.
He said the renovated property had plenty of character and had mostly attracted first-home buyers.
10 AMES AVE, CARNEGIE
A Carnegie period house sold for $60,000 above upper price hopes during a Wednesday auction.
The three-bedroom home at 10 Ames Ave, set on 772sq m, was advertised with a $1.55m-$1.705m asking range.
Five bidders competed for the abode with ceiling cornices and roses, polished timber floorboards and a vintage fireplace.
The property was announced on the market at $1.741m.
Ray White Oakleigh agent Leigh Kelepouris said a buyer’s advocate purchased the house on behalf of some clients.
Mr Kelepouris said the block’s size and location near Neerim Rd were among its drawcards.
“Most blocks in Carnegie are a little bit smaller,” Mr Kelepouris said.
“Also you could tell the house was really well looked after and it had lots of character.”
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