Herald Sun Real Estate auction blog: Live streams and rolling updates from the auction market
A former AFL coach was among a handful of bidders vying for a bayside home on Saturday morning. Relive the best results from our live auction blog.
Hopeful homebuyers are set to sit through a second week of online auctions under Victoria’s extended fifth lockdown.
But the restrictions haven’t dampened buyer demand, or auction numbers significantly.
About 717 properties are set to go under the hammer this week, according to realestate.com.au — a more than 200 per cent increase on the same time last year.
Stream the action right here on the Herald Sun’s auction blog via Gavl, with rolling results below as they happen.
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Former AFL coach Ross Lyon and wife Kirsten were among a handful of bidders locked in a tense battle for a bayside home on Saturday.
Tensions were high throughout the mammoth hour-long auction with three sets of bidders — including the former Fremantle and St Kilda coach and his wife — pushing the sale of 3 Addison St in Elwood $1m over asking price.
Marshall White Bayside director and auctioneer Matthew Pillios was at the helm of the sale, which soared to an incredible $3.39m.
Lyon made only a brief cameo on screen while his wife led the bidding down to the wire.
But the four-bedroom home ultimately went to a young family, whose seven-year-old daughter featured throughout the auction.
Mr Pillios said the “big family home” was in an “A-grade spot” close to the beach, cafes and shops.
Meanwhile across town a four-bedroom house in Noble Park notched a $815,000 sale.
Five bidders put their hand up for the 537sq m property, which had a price guide of $690,000 to $759,000.
A hit with those looking to upsize and second-homebuyers, bidding quickly rose past the vendors’ $780,000 reserve.
Barry Plant Noble Park’s Tim Stickley had the listing, which was being marketed as the “perfect fit for the growing family”.
1/15 TULLIUS AVENUE, OAKLEIGH EAST
In Oakleigh East, a stylish single-level unit flew past its vendors’ reserve.
After a short lull bidding picked up and the renovated three-bedroom abode was called on the market at $960,000.
It eventually sold for $1.01m, under the hammer of Ray White Oakleigh auctioneer Jonathon Eaves.
The property was being marketed as an entertainers dream for its spacious backyard and large decking area.
And in Windsor, a “charming” three-bedroom home sold for an undisclosed price.
The property was quoted at $1,45m to $1,5m, with Buxton Stonnington agent Ignacio Rodriguez saying it sold “significantly above the top end of the range”.
Mr Rodriguez said it had been a “good campaign” despite being cut short by the state’s fifth lockdown.
He said a mix of families and young couples had shown interest in the brick home.
Meanwhile in Craigieburn, Ray White’s Daniel Diamantopoulos also sold a “much loved” home in an “elite pocket” of the suburb.
Nearing a million-dollar sale, the home was eventually snapped up for a “bargain” $967,000.
Mr Diamantopoulos said nine bidders had registered prior to Saturday morning’s auction, with families and locals looking to upgrade showing interest.
He said the owner-built home, which is set on 620sq m of land and includes a pool, was “luxurious ahead of its time”.
Kicking things off this morning was the sale of a three-bedroom home in Keilor, which sold in less than 15 minutes for $765,500.
An incredible 28 bidders registered for Saturday morning’s auction, with a handful fighting it out online for the keys to the dated brown-brick property.
Ray White Craigieburn agent Daniel Diamantopoulos said the 553sq m home was in “prime position” with “park views” perfect for a knockdown rebuild.
TRADITIONAL AUCTION CAMPAIGNS NO LONGER NEEDED
Reservoir and Craigieburn have the most properties up for grabs, with 16 and 15 auctions scheduled for the suburbs respectively.
Marshall White Bayside director and auctioneer Matthew Pillios said the latest shutdown had only fuelled the state’s already sizzling-hot property market, with buyers still scared of missing out.
“My phone hasn’t stopped buzzing this lockdown with people looking for stock,” Mr Pillios said.
“They’re scared of being homeless. (These days) campaigns don’t need three to four weeks if they’ve got good photos and TV-standard videos. Buyers can come once, rewatch the video and make an offer. I think Covid has really changed buyer behaviour, people know what houses are made of.”
He added that he was expecting the market to have another “12 to 18 months of growth”.
“We’re still getting a lot of expats and outsiders come through Melbourne and the good suburbs and our property market is where the money is always going to be safe,” Mr Pillios said.
Last week a clearance rate of 93 per cent was recorded from the 654 auction results reported to the Real Estate Institute of Victoria (REIV).
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alanah.frost@news.com.au
Originally published as Herald Sun Real Estate auction blog: Live streams and rolling updates from the auction market
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