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“This is our last weekend before Christmas … It’s been a bit of a roller coaster year, but I think it’s been a roller coaster the last couple of years. Post COVID I think it’d be nice to get some steadiness.”
It was one of 1006 auctions scheduled for Saturday. By evening, Domain Group recorded a preliminary auction clearance rate of 59.2 per cent from 786 reported results, while 130 auctions were withdrawn. Withdrawn auctions are counted as unsold properties when calculating the clearance rate.
In Hawthorn, a two-bedroom, two-bathroom apartment in a sought-after building sold for $860,000.
The Agency’s Luke Saville listed the property at 22/1 Domville Avenue for sale with a quoted price range of $740,000 to $780,000.
He said four bidders took part, but had been shy at the start of the auction.
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“The first half of the auction was like pulling teeth,” he said. “It started at $720,000, and it took a good 10 minutes to get it up to $770,000.
“Once that third bidder got involved in it, the bidding was strong after that. It took off, and it was done in five minutes.”
Saville said most of the buyers had been particularly invested in the building and the surrounding neighbourhood.
“The final two bidders really love it and didn’t want to be anywhere else. There’s not much like it in that part of west Hawthorn.
“It’s a building that’s aged really well. It’s pretty popular, lots of people say they’d love to get an apartment in that building.”
In Glen Iris, a family home sold for $2,472,000, after topping its advertised reserve price on the first bid.
The four-bedroom house at 60 Dent Street featured a classic 1930s art-deco style, and had been renovated throughout.
Belle Property listing agent Tony Doh had advertised a reserve price of $2.15 million, which he said was welcomed by the five bidders.
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“I think buyers appreciated that it was transparent, and it was laid out before them, so there was no confusion.”
The first bid was at the reserve, and Doh said the price steadily increased from there.
The bidders were a mix of couples, families and downsizers, but the house sold to a buyers’ advocate whom Doh said had viewed the property for the first time that morning.
He did not know the new owner but believed they were an owner-occupier.
Doh said the sale was a great way to end the year.
“The vendors are very happy. It was a win-win for everyone really.”
In Carlton North, a terrace sold for more than its reserve price in a post-auction contest, after two parties of first home buyers let their nerves get the better of them on the auction floor.
Nelson Alexander’s Charlie Barham had the listing for the two-bedroom house at 132 Lee Street; he said he passed the property in after no one topped his vendor bid of $1.1 million.
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He had listed the house for sale with a quoted price range of $1.1 million to $1.2 million. The reserve was at the top of the range.
“The two parties that had an interest, they went to and fro, and we had an auction after the auction,” he said. “For one reason or another they chose not to bid. We get that from time to time.
“We find in the first home buyer pool, bidding can be a nerve-wracking thing.”
The home sold for $1.28 million, $80,000 more than its reserve price.
Barham said the buyers liked that the property was ready to move in to and was nearby local restaurants and cafes.
“It was a great entry-level, renovated terrace in Carlton North,” he said. “It’s literally a few hundred metres off Rathdowne village, near Florian, which is the bee’s knees these days.”
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