Herald Sun Real Estate auction blog: Live streams and rolling updates from the auction market
AC/DC drummer Phil Rudd’s former Beauy beauty has headlined three auctions linked to famous faces across Melbourne today. But an auctioneer’s dad jokes might have outshone them all.
Victoria’s first weekend of public auction action in three weeks has left sellers thunderstruck by massive results hundreds of thousands above their reserves.
The day’s main event, AC/DC drummer Phil Rudd’s former Beaumaris house, clinched a rocking $3.23m result more than $580,000 above its reserve.
It wasn’t the only home linked to a famous face to sell, with a result in Carlton North for the Donnini family behind the Italian eateries of the same name, and a Werribee artist who painted Julia Gillard for an Archibald Prize entry — and more sales to come in our live stream from Gavl.
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6 SCOTSBURN GROVE, WERRIBEE
After selling her home $26,500 above reserve the Werribee artist who painted Julia Gillard for an Archibald Prize entry will be looking to paint the town red tonight.
Or possibly just her local park.
The 6 Scotsburn Grove house attracted three bidders and a $606,500 sale price after a soft start at $500,000.
Artist Kathy Vafiadis said after 46 years in the home the sale was a bittersweet moment, but while she would unpack the emotion of the day later her first step would be to celebrate.
“It’s going to be tricky to celebrate,” Ms Vafiadis said.
“We can’t have our kids around. So we’ll probably be in our front garden or at the park.”
An investor from Essendon won the keys with a $500 final bid that stumped their competition.
Ray White Werribee’s Michelle Chick said it had been good to return to in-person budding, but the result added to remarkable sales in July in which the agency sold 90 per cent of the 30 homes it took to auction — all online.
Ms Vafiadis added that she was glad the mid-century modern home hadn’t sold to a developer, as there was a lot to appreciate about the home.
“It is bittersweet, but the funny thing is that you say goodbye to little bits of it as you tidy up in the gardens or clean the door handles, knowing that you won’t be doing that here for much longer,” she said.
607 CANNING ST, CARLTON NORTH
Tiberio and Shaynie Donnini, well known for their family’s Donninis Italian restaurants in Melbourne and Queensland, are also celebrating a sale.
The pair will part ways with the 607 Canning St, Carlton North, home they’ve lived in for the past 35 years — but couldn’t face the prospect of being there in person, instead awaiting news of a sale over a beer at their local pub.
The listing with Nelson Alexander’s Nicholas West passed in, but was quickly negotiated to a sale at an undisclosed price.
Prior to auction the remarkable four-bedroom house had a $3.5m-$3.7m asking price.
“We are happy and everything is good,” Mr Donnini said after the sale.
“It’s another responsibility less in life.”
The family do not have any plans for their next step and will “play it by ear”.
75-77 HAYDENS RD, BEAUMARIS
AC/DC drummer Phil Rudd’s one-time Beaumaris home was the big ticket listing for the day and went under the hammer with $2.5m-$2.65m expected at 11.30am.
Rudd owned 75-77 Haydens Rd from 1981-1984, selling the three-bedroom property shortly after he left the band — which he rejoined in the 90s and still plays for, but it is believed to still have his old pool table set up in one of its six living areas.
A $2.5m vendor bid started the auction, which proceeded slowly up until it was called on the market $2.65m.
But with three bidders pursuing it the price kept rising to a mammoth $3.23m.
Hockingstuart Belle Property auctioneer Ryan Castles said while he’d not encountered any AC/DC fans wearing band T-shirts at inspections during the property’s five-week campaign, the result had certainly left himself and the underbidders Thunderstruck.
“Beaumaris is on a highway to sell,” Mr Castles said.
“It was a fantastic result. And the homebuyer absolutely adored the home and the natural light it offers. And the land size of it.”
He estimated the buyer would spend up to $600,000 modernising the home, but did not believe they had any intention to alter it substantially.
The agency decided to run the auction online with only invited bidders able to attend, fearing a large crowd could have turned out for the sale.
Independent Property Advisory principal Adam Adamczyk was acting on behalf of the vendor and said the result had come as a surprise.
“It’s significantly above our reserve, and we had multiple agents look at it,” Mr Adamczyk said.
The result was all the better knowing his client had bought the home for just $360,000 in a mortgagee sale in 1993.
“I keep saying that properties in Melbourne, in the right suburbs, are great super annuation,” he said.
“And in the current market, this one has done that little bit better.”
There were almost 20 bidders registered for the sale, but a Las Vegas-based Australian rocker, Toby Rand, who had shown interest in the home was not among them.
The musician currently plays for Toby Rand & The FutureKind and is working with INXS bassist Garry Beers, but his former band Juke Kartel played as a support act for Slash, Ozzy Osbourne and Fuel in the United States, as well as opening for Nickelback and Seether in Australia.
“I also had a retired police officer ring me and tell me that back in the ‘80s there was a call one night about a Ferrari being left with its engine running in the middle of the street, inspiring a few complaints about it and requiring the police to attend,” Mr Castles said.
30 GARDNER ST, RICHMOND
A first-home buyer couple is headed to Richmond from Brighton, where they had been living with family, after a $1.36m bidding battle with three rivals.
Marshall White’s Chris Barrett said while a $1.1m vendor bid had kicked off the auction for the quaint three-bedroom house at 30 Gardner St, but there had been little coaxing needed from there.
“It was just rapid fire,” Mr Barrett said.
“The vendors are delighted and very, very happy.”
It was called on the market at $1.3m.
The home ran an extended campaign after Melbourne’s lockdown derailed plans for a live auction last week.
“And that is always a bit nerve-racking, but there’s a lack of propertes on the market,” Mr Barrett said.
“But in the end we had five buyers who didn’t get a chance to bid.”
36 DE CHENE PDE, COBURG NORTH
Meanwhile in Coburg North, a tired brick house sailed a whopping $521,000 past its reserve.
Brad Teal Woodards had priced the 36 De Chene Pde home at $900,000-$990,000, and the reserve was set at $990,000.
But two-determined bidders refused to give up on the three-bedroom house that will need a renovation on top of the $1.511m final bid.
The house, in the same family since the current owners’ father built it 70 years ago, has a very retro kitchen and bathroom, but also comes with one of the best positions in the suburb with elevation and a view towards the Coburg Lake park area over the road.
Agent Trish Di Vito said while the home’s enviable location had played a part in the strong sale, a lack of stock in the area was driving big results throughout the suburb.
12 SUTHERLAND ST, MALVERN EAST
After a near $2m sale in Malvern East, it’s safe to say Ray White auctioneer Alex Ilyin is either a genius or a monster.
After needing a $1.3m vendor bid to get the auction of 12 Sutherland St underway he resorted to dad jokes to keep things moving, actively calling for bids to shut him up.
The home was on the market at $1.35m and he was already six-figures past that with multiple bidders active when he paused to inform the crowd that while the home didn’t have a McDonalds nearby, “every meal in the home would be a Happy Meal”.
Mr Ilyin dragged the figure to an astonishing $1.97m and it looked like the hammer would come down there, but he tried his luck with another wisecrack — urging bidders to give their all so that in five years time, while walking the aisles of Bunnings, they would be inspired to call him and say “Alex, thank god we bought in 2021, because lowest prices were just the beginning”.
He got groans from the crowd, and another two bids to round out the sale at $1.98m.
Safe to say the owners of the dated four-bedroom weatherboard will be laughing all the way to the bank.
28 FLETCHER ST, HAWTHORN EAST
Another massive result shooting well past reserve was notched in Hawthorn East.
A three-bedroom house, part of a duplex set up at 28 Fletcher St, has sold for a whopping $1.716m — despite being listed with a $1.3m-$1.4m asking price.
The auction by Woodards attracted a good number of bidders who quickly pushed it from a $1.34m opening bid to $1.47m where it was called on the market.
But the hammer didn’t fall for another $246,000, with a crowd of about 75 people increasingly shocked as the figure kept rising.
4 IPSWICH COURT, WANTIRNA
On Thursday night a five-bedroom Wantirna property soared $255,000 past its reserve, with a $1.58m result.
The family home at 4 Ipswich Court had a $1.1m opening bid and was on the market at $1.325m, but six families kept pushing the price up.
EYS auctioneer Fabian Sanelli said he’d just had to hold on through the breathless auction call.
“The biding was rapid, with buyers going straight over the top of each other,” Mr Sanelli said.
“I barely had a chance to take a breath until the last vie minutes of the auciton. It was just ridiculous, but a very good indication of the market and what happens when Victorian lockdowns conclude.
“The fear of missing out becomes a very big factor and we’ll probably see that for the next month or two until we start to see a bit of a slowdown.
Harcourts’ Zoe Ipradjian had the listing which attracted 15 registered bidders.
It sold to a family who recently sold in the Brighton area.
31/380 HIGH ST, KEW
The two-bedroom apartment at 31/380 High St, Kew, attracted three bidders including two downsizer parties and a first-home buyer who ended as the underbidder.
Follett & Co auctioneer Brett Graham said while he’d been a bit rusty after a two-week break, bidding started at $700,000 and still rose fairly quickly before slowing from $820,000.
“I have been in this game for a long time, and for a two-bedroom apartment in a block constructed in ‘92 or ‘94 to be selling for $856,000 plus stamp duty — the world is not cheap anymore,” Mr Graham said.
Last week Victoria recorded a 93 per cent clearance rate from 406 disclosed results, according to realestate.com.au figures.
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Originally published as Herald Sun Real Estate auction blog: Live streams and rolling updates from the auction market
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