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Activity continues to build in Stonnington – but it’s still baby steps.

Andrew Hayne (Marshall White) basks in the Spring sunshine - and the sale of 24 Netherlee St, Glen Iris. Bought under the hammer, $2,660,000, five bidders.

Andrew Hayne () basks in the Spring sunshine - and the sale of 24 Netherlee St, . Bought under the hammer, $2,660,000, five bidders.

Key Points:

  • We covered seven auctions in Stonnington on Saturday. Of those, four sold under the hammer and two after auction.
  • Big crowds across the board, all auctions had in excess of 50 people.

Biggest Auction of the Day: 24 Somers Ave, , , , Under the Hammer, $6,160,000.
“The sunfilled courtyard seemed a perfect setting for the Somers Avenue auction, with the lovely weather attracting a generous crowd of interested parties and alike. No initial bids when asked.  Auctioneer Jeremy Fox went inside to check with his vendors on two occasions. There was a feeling of anticipation amongst the crowd, until the was declared ‘on the market’ at $5,650,000.  A real buzz.  Fast and furious bidding between two bidders to the end.  The look of relief was evident on the face of the successful bidder! An exciting end.  A truly impressive auction result!” (Nikki Hills)

Bidderbuzz Auction of the Day: 24 Netherlee St, Glen Iris, Andrew Hayne, Marshall White, Bought Under the Hammer, $2,660,000, 5 bidders
“With the sun poking through on this mild Saturday morning, auctioneer Andrew Hayne kicked off proceedings with a vendor bid of $1,800,000. Within seconds, two bidders began battling for the property and they were joined by several more moments later. There was a jovial atmosphere in the crowd of around 100 people as Mr. Hayne poked fun at the bidders. The bidding came down to two parties who went back and forth, and who alone raised the price by $400,000. There were 5 bidding parties, but only two at the end. The Property was sold for $2,660,000 under hammer, which appeared to be above expectations. The gentleman with the final bid received rousing applause from the crowd and congratulations from his main rival.” (Daniel Ehrenreich)

Agent Q & A: What are your views on pricing?

Andrew Hayne, Marshall White, :“My view is that across the board all homes have to be competitively priced in order to gain maximum interest from as many buyers as possible. The more buyers that are interested in the property, the greater the opportunity of getting a better price.”

John Bongiorno, Marshall White:“Good family homes always sell well – floor plans can be fixed. It provides exciting opportunities. Always boils down to the position of the property, orientation and workability. People nowadays have a lot of imagination. A lot of houses get rid of the small rooms and now have extended living areas, such as kitchens and family rooms. People aren’t afraid to do the renovations. So long as location is good, people are willing to buy and are happy to renovate if necessary.”

James Connell, Marshall White : “Still good demand for quality positions. If the property has a poor plan and poor location, the market judges it harshly.”

& Monitor Table:

stc

GLEN IRIS 24 Netherlee Street $2,660,000 Bought
MALVERN 100 Stanhope Street Bought
MALVERN 24 Somers Avenue Bought
MALVERN 11 Eva Street Bought
MALVERN 28 Grace Street Bought
MALVERN 119 Tooronga Road $1,030,000 Bought
24 Nott Street Passed In
MALVERN EAST 15 Beech Street Bought
MALVERN EAST 4/410 Wattletree Road $1,260,000 Bought
MALVERN EAST 45 Clarence Street undisclosed Bought
MALVERN EAST 31 Sycamore Street undisclosed Bought
32 Closeburn Avenue Passed In
PRAHRAN 8/10 Lalbert Crescent Passed In
SOUTH YARRA 20 Balmoral Place Bought
SOUTH YARRA 34 Alexandra Street $967,000 Bought
SOUTH YARRA 68 Motherwell Street Passed In
SOUTH YARRA 2 Nicholson Street $950,000 Bought
SOUTH YARRA 35 Kensington Passed In
SOUTH YARRA 3/35 Cromwell Road Passed In
SOUTH YARRA 76 Cromwell Road $1,176,000 Bought
TOORAK 16B Canberra Road Passed In
TOORAK 6 Ruabon Road Bought
TOORAK 4 Forrest Court $4,050,000 Bought
TOORAK 5/40 Grange Passed In

Forward Auction Bookings:

sta

76 Cromwell Road, SOUTH YARRA
Around 60 people turned out for the auction of 76 Cromwell Rd, South Yarra to watch Phillippe Batters (Williams Batters) in action. Bought under the hammer, $1,176,000, two bidders.

We only buy homes

761
/1000
JAMES HOME RATINGS
24 Netherlee Street
4
2
1
851sqm
        With the sun poking through on this mild Saturday morning, auctioneer Andrew Hayne kicked off proceedings with...
Bought: $2,660,000
752
/1000
JAMES HOME RATINGS
24 Somers Avenue
6
4
4
1313sqm
        The sunfilled courtyard was a perfect setting for the Somers Avenue auction, with the lovely weather attractin...
Bought range: $5,907,440 - $6,498,800
693
/1000
JAMES HOME RATINGS
45 Clarence Street
4
2
2
603sqm
        For the second Marshall White auction in a row, there was no waiting for the crowd to offer an opening bid. Ra...
Bought range: $1,649,480 - $1,814,600
/1000
JAMES HOME RATINGS
31 Sycamore Street
4
2
0
717sqm
        Mark Williams took the helm at this Malvern East auction, accepting an opening bid from the crowd for $1,350,0...
Bought range: $1,496,040 - $1,645,800
602
/1000
JAMES HOME RATINGS
32 Closeburn Avenue
3
2
2
516sqm
        The auction held at 32 Closeburn Ave was over in a flash. Auctioneer Jeremy Fox decided to leave it to the cro...
PASSED IN - $0
558
/1000
JAMES HOME RATINGS
76 Cromwell Road
3
1
1
535sqm
        The tranquil South Yarra location was a perfect setting for an entertaining auction, capably managed by Philip...
Bought: $1,176,000
/1000
JAMES HOME RATINGS
4 Forrest Court
3
3
2
867sqm
        The spring sunshine attracted several onlookers to the Forrest Court auction, with members of the crowd spread...
Bought: $4,050,000
View all 32 of this week's $Million Plus Featured Auction Reviews

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2014 is going out with a bang!

2014 is going out with a bang!

22nd November 2014

Mal's Latest Ratings
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670
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