Real Estate auction blog: Livestreams and rolling updates from Melbourne’s auction market
A modern “treehouse” built around tree-trunk poles in Eltham snared a huge result after passing in at its Saturday auction. Replay property auctions and see all the results.
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A modern “treehouse” built around tree-trunk poles in leafy Eltham snared a huge result after passing in at its Saturday auction.
The quirky design of 10 Flint St has attracted about 50 groups through the seven-bedroom home over its campaign, including a diverse mix of young families and downsizers.
A couple who had been searching for their dream home for a while tried their luck at the auction, before the property was passed in on a $1.59m offer.
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Eltham ’treehouse’ built around tree-trunk poles with funky design and timber throughout the home
Melbourne auctions: Balwyn house sells for $320k premium in front of big crowd
Further negotiations afterwards led to its eventual $1.6m sale, helmed by Jellis Craig Eltham agent Matt Dougan and director Aaron Yeats
The seven-bedroom home initially had $1.5m-$1.6m asking price and featured tree-trunk like pylons at the facade, running from the rumpus room below through the living space and ceiling atrium with clerestory windows above.
“The actual home was a traditional brick veneer home that had a very big renovation and extension done by its previous owners around 2009,” Mr Yeats previously told the Herald Sun.
“The whole home is quite quirky and unique, from the galvanised cladding on the outside to the timber in the home and the cedar lining boards as well.”
He added that the property was professionally landscaped and very private, with a no-through road at the end of the street providing access to nearby walking tracks.
It comes after the Real Estate Institute of Victoria predicted about 970 properties would go under the hammer this week.
24A RAE AVE, EDITHVALE
Over in Melbourne’s southeast, seven competitive buyers went up for an Art Deco house on Saturday morning, pushing offers $190,000 over the reserve.
The three-bedroom pad had a $790,000-$850,000 price guide ahead of its 10am auction, which saw an incredible 25 buyers register to bid.
But only seven were able to place offers under the hammer before it sold for $1.04m, topping the $850,000 reserve by a whopping $190,000.
The property is the second Ray White Carnegie agent Jin Ling had sold for the vendors, a young family who had recently upsized, in the past 12 months.
Mr Ling said the buyer pool mostly comprised first-home buyers, plus a couple of downsizers.
“The buyers were downsizers who loved the area and loved being close to the beach. They’re going to put their (current) home on the market right away,” he said.
“They weren’t initially comfortable buying before they sold but thought this opportunity was too good to miss.”
Mr Ling added that the local market was strong and buyers had “never really left”.
“But there has been a surprising level of undersupply which has led to really healthy competition for properties,” he said.
95 LITTLE CHARLES ST, ABBOTSFORD
Over in Abbotsford, a “groovy” one-bedroom townhouse with a ground-floor architect’s studio sold after passing in on Saturday morning.
The two-storey pad features terrazzo tiled flooring, a balcony, stylish kitchen and a mezzanine bedroom that sits above the living area.
One buyer went in for the keys and although the property passed in on an $810,000 offer, further negotiations after the auction led to its eventual $850,000 sale.
It was initially listed with a $800,000-$850,000 price tag with Biggin & Scott Richmond auctioneer Edward Hobbs.
The buyer was a young professional, while the vendor was an architect now relocating to the country.
8 TAIT ST, FOOTSCRAY
A “whimsical” weatherboard home in Footscray built in the 1930s and owned by the same family for more than 30 years scored them a $105,000 premium on Saturday.
The three-bedroom pad attracted five bidders to its auction, but Barry Plant Yarraville auctioneer Jason Allen said there were about four or five others who didn’t get a chance to put their hand up.
Offers came in quickly and flew up to the $1.1m reserve, before a local family placed the winning $1.205m bid.
AUCTION REPLAYS AND RESULTS
“They wanted a double-fronted period home in a ripper location,” Mr Allen said, adding that the vendors were now relocating to the Mornington Peninsula.
“They’ve got a boat and they’re going to fish and just relax a bit more.”
The property originally had a $995,000-$1.09m price tag.
a $995,000-$1.09m price guide ahead of its 12pm auction.
182 BEACONSFIELD PDE, NORTHCOTE
Meanwhile, seven bidders including downsizers and first-home buyers put up a fight for an Art Deco-style house in Northcote on Saturday.
The three-bedroom pad last sold for $965,000 in 2016, per PropTrack data, and had $1.24m-$1.28m price expectations ahead of its auction.
It eventually flew $100,000 over reserve to notch a $1.4m sale.
McGrath Northcote agent Luke Brizzi said the property was popular due to its cul-de-sac location near Merri Creek and affordable price point.
EARLY BIRD GETS THE … HOME
A three-bedroom Federation house in Carlton North didn’t make it to its auction, originally scheduled for 1pm on Saturday, due to a strong early offer.
The 672 Station St pad was initially listed with a $1.5m-$1.6m price range and had attracted downsizers and empty nesters throughout its campaign, plus professional couples without children who wanted “that inner-north lifestyle”.
But anyone planning to bid at the auction missed out after an owner-occupier buyer placed a $1.655m offer on Friday night, leading to the property’s early sale.
Jellis Craig Brunswick director Elizabeth Kelly said the home had a “great front” and was “deceivingly huge”.
“It’s incredibly large, but perfect for empty nesters wanting to downsize from a double-storey terrace and want to remain in the Carlton North locale,” Ms Kelly said.
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