Brighton: 4 Dawson Avenue: Matthew Morley in Action. Bidderman 3. Bought under the hammer for $2,460,000 or $3770 a sqm for Golden Mile land.

Another 24 sales over $1,000,000 in Bayside, moving the average for the month to 2.5 per day. It’s 6pm Saturday afternoon, and so far, our research shows 24 of 27 reported properties in Bayside have sold.  19 at auction, 3 before and 1 each by expression of interest and private sale. 

The current clearance rate is 86% in Bayside and bidderman 2.75 for the 4 auctions we covered, although only 2 across all of the auctions we have covered this weekend. Highett was the leader in strength today.  Three properties on offer and three sales – all over $1,000,000.

John Spiers of  JP Dixon auctioned a good house in an average street in Highett, rating 669 on 572 sqm,  at 24 Noyes Street, Highett.  Three bidders took the price over a million dollars (not often seen in Highett until recently), passing in at $1,020,000 and successfully selling immediately after for $1,050,000. Hodges Real Estate had a successful day, with  James Paynter selling 43 Ashwood Avenue, a three bedroom, single living room period home, with small rear garden, rating 676, for $1,192,000. 

Meanwhile, Peter Alpar, successfully sold 2 Morley Crescent, a new large family home, for $1,302,000.  No we are not talking about Beaumaris – this is Highett. Kate Smith and Stephen Tickell of Hocking Stuart showed their skill at 17 Kirkwood Ave, Sandringham.  This was an old English classic, that needed a cosmetic makeover.  Passing in with two bidders, it was sold after for $1,885,000 – a strong result but not completely unexpected in that Royal Avenue Precinct. Nice note from the owner politely correcting a factual error or two (thank you) who is moving to greener pastures in Port Phillip. 

Two in Brighton both had 3 bidders.  4 Dawson Street, auctioned by Matthew Morley of Morleys Real Estate, sold under the hammer for $2,640,000 and Nick Johnstone of JP Dixon passed 10 Kent Ave in at $2,100,000 but was successful in  selling the property for a bit more afterwards. Looking at 3 of the 4 properties passing in, perhaps Vendor expectations are creeping beyond the Buyers, but then quickly placed back in check upon reflection, given the negotiated sales afterwards.

The big land sale this week was on Brighton’s Golden Mile – 14 North Road, 1551 sqm rating 665 with a south facing rear sold after an expressions of interest campaign by Chris O’Farrell of JP Dixon for a little over $3,500 p/sqm.

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