Boroondara is awash with property today and while still a strong day Alastair Craig put it best saying buyers were a little thinner on the ground at each auction than they have been over the last few weeks. Jellis Craig sold 33 out of 42 at auction and he felt that shows that with 2 more bumper auction weekends before it shuts down that there may be some buying opportunities pre Christmas. I personally don’t disagree (of course providing it is the right home for your family). There were 13 million dollar plus pass-ins today.
Bidderman, considering the number of auctions was a solid 2 per auction.
James Tostevin of Marshall White got the biggest published result away at $4.44m for Riversdale Court (see report below).
With large numbers of buys comes people now needing to sell and the next few weeks will see a number of quiet offerings with homes being tested and possibly sold before February’s planned restart as the time to set yourself for a pre Christmas auction has now passed.
James Attended Auction Reports below
CANTERBURY, 1 Griotte St – Passed in – no bidders (Marshall White)
Nestled in a quiet street within a short distance from the exclusive Siena College this charming 1930’s period home drew a smallish crowd of 38. Auctioneer Hamish Tostevin from Marshall White opened up the bidding with vendor bid of $1.5 but no offers from the onlookers came with the property being passed in at that price.
KEW, 6 Bramley Court – Passed in – one bidder (Christopher Russell)
This property seemed to have particular interest to Asian buyers, who seemed to give the house their approval. Russell Turner pleaded with interested parties to make themselves know, but the members of the 50 strong crowd were too shy to be part of the action today. Two vendor bids and the property was passed in on a sole genuine bid of $2.25m.
HAWTHORN, 14 Riversdale Court – Bought – five bidders (Marshall White)
In a quiet cul de sac just off Riversdale Rd, this unrenovated Georgian home which backed onto Fairview Park and overlooked the Yarra River drew a good crowd of 55 people. Auctioneer James Tostevin from Marshall White was kept busy and eventually the race came down to two, the bids quickly soared to $4.44m which brought the hammer down.
KEW, 22 Fitzwilliam St – Passed in – no bidders (Fletchers)
A mixed group turned out to see the auction of this house, but there was no excitement or urgency from the crowd of around 70 people and there were no bids received. One couple seemed interested and advised they would be keen to discuss the property after the auction. It was passed in on a vendor bid of $2.7m.
KEW, 3 Stawell St – Passed in – no bidders (Jellis Craig)
This auction started in a relaxed atmosphere with many family groups added to the mix. The crowd of more than 50 people enjoyed an opening speech by Scott Patterson but despite the Jellis Craig auctioneer’s best efforts, there were no bids and the property passed in on a vendor bid of $2.75m.
BALWYN, 3 Stroud St – Bought – three bidders (Noel Jones)
A moderate crowd of around 40 people witnessed a sun soaked auction in quiet Stroud Street, Balwyn. Michael Nolan of Noel Jones got the crowd excited with his pre-auction presentation however really struggled for an opening bid. Two vendor bids started proceedings, with the first actual bid coming in at $1.05m. The property was declared on market at $1.08 million and two parties went tick for tack until $1.15m where one of the bidders ran out steam. Three bidders in total and a final sale price of $1.17m.
GLEN IRIS, 35 Martin Road – Bought Before – (Noel Jones)
This property sold before auction for $2m.
GLEN IRIS, 30 Flowerdale Rd – Passed In at $1.61m
HUGHESDALE, 30 Paget St – Bought – five bidders (Buxton)
A massive crowd of around 100 people gather around to watch a very strong auction in Hughesdale. The property was auctioned by Craig Cox of Buxtons and after a vendor bid of $915,000 the price quickly moved past the million mark. Declared on market at 1.2 million, the property finally sold for 1.28 million with 5 bidders ensuring a good result for the vendors.