The sun was out and so were the spectators - but the bidders were nowhere to be seen. Andrew Stuart (Hocking Stuart) at 280 Beaconsfield Pde, Middle Park. Passed in $4,400,000, crowd of around 80, no bidders
Key Points:
A big day auction-wise in Port Phillip with more than 20 $m+ properties up for grabs.
We reported on seven – four of those were bought under the hammer and one shortly after auction.
The biggest sale was at 107 Richardson St, Albert Park (Oliver Bruce, BenMac) which sold under the hammer for $2,322,000, with 5 bidders.
The biggest pass in was at 280 Beaconsfield Pde, Middle Park (Andrew Stuart, Hocking Stuart), $4,400,000, no bidders.
Agent Q & A: If you were a buyer, how would you buy a house over the next two months, during the Christmas break?
Sam Gamon, Chisholm & Gamon, Elwood: “If I were a buyer wanting to buy over the Christmas period, I would make myself known to the local estate agents in the areas I want to focus on so I’m front of their mind should any new listings become available. Potentially, there might be more low-key Private Sales available as it’s unlikely we’ll see many auctions until Feb 12 & 19. Some vendors would prefer to sell in January rather than wait until February so it’s important to stay in touch with your agent and for them to keep in contact with you. It’s a two-way street and communication is the key. Start pounding the pavement. Of course, the internet is still paramount when searching for the right property so register for ‘alerts’ and keep an eye out daily. After all, that old saying about the ‘early bird’ still rings true.”
ALBERT PARK, 107 Richardson St | Oliver Bruce (Jellis Craig) Under Hammer: $2,322,000 - 5 Bidders (Photo: David McMillan)
Bidderbuzz Auction "For a bustling crowd, this auction took a very long time to start. Oliver Bruce of Benninson Mckinnion did a fabulous introduction and opened proceeding with a vendor bid of $2,100,000. This was follow by silence and then the Benninson Mckinnion sales team consulted with the vendors. Finally an actual bid at $2,110,000 which sparked a flurry of bidding with 5 bidders entering the race. This auction was one of the longest I have been to - lasting over 40 minutes as a number of the bidders just couldn't let go of this fantastic property. Final Result $2,322,000." (David McMillan)
Biggest Sale: BRIGHTON, 2/1 Chatsworth Av Leigh Hallamore (Buxton); After Auction, $2,525,000 - 2 Bidders "Auctioneer Leigh Hallamore described the property as “single level living at its best” to the assembled group of 40, many of whom were neighbours. In his preamble, Mr Hallamore spoke at length of the numerous features and excellent location of this Brighton property. An opening bid of $2,000,000 from those assembled got proceedings underway. Mr Hallamore worked hard to entice further bidding and a second bidder joined the mix. Bidding reached $2,300,000 but with no further interest on the day the property was passed in at this figure. The property was bought after auction for $2,525,000." (Kate Agnoleto)
Biggest Pass In: MIDDLE PARK, 280 Beaconsfield Pde Andrew Stuart (Hocking Stuart); Passed In: $4,400,000 - 0 Bidders "A large crowd of 80 sought refuge from the hot sun under the shade of the trees scattered on the nature strip. In his preamble, auctioneer Andrew Stuart spoke enthusiastically about the property, the “outstanding lifestyle” and it being in “Melbourne’s greatest location.” Mr Stuart looked to the group for an opening bid but all remained silent, so he opened with a vendor bid of $4,400,000. Despite Mr Stuart’s best efforts there was no bidding on the day and the property was passed in at $4,400,000. " (Kate Agnoleto)
