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No real big guns on offer at auction today – lacklustre

Armadale 5 Glassford: Justin Long of Marshall White: 3 bidders and bought under the hammer for $2,350,000.

5 Glassford: of : 3 bidders and bought under the hammer for $2,350,000.

Key Points

  • Fall in Clearance Rate today
  • Stock offering not as good as October 23rd
  • Very little new stock in this week owing to Melbourne Cup in 4 weeks
  • A lot of off market on offer
  • $3m+ homes have come on in big numbers compared to winter

Biggest sale

5 Glassford St, Armadale, Justin Long, Marshall White, Under the Hammer $2,350,000
“Good solid crowd full of anticipation waited for Justin Long to start proceedings on this sun filled day. And bang straight out of the blocks with a hopeful $2million bid. Bang again 2nd bidder and we were off. This auction was a funny one – not funny ha ha – funny strange – nobody followed Justin’s bidding suggestions but things flew along anyway – especially when a third bidder joined in. This sight was a natural amphitheatre and there was a clear echo of everybody bids and Justin’s comments – sort of like a sound system out of sync. Anyway things were just warming up when the half-time break was called and to the surprise of many it was announced on the market and to everybody’s further surprise it was bought under the hammer for the same amount. The surprise was because this was a Marshall White auction and they tend to pass-in everything – however please this was the right thing to do – 3 active bidders and so market price was paid. A good fair auction.” (Mal James)

BidderBuzz auction of the day

1/693 Road: Rodney Morley, TBM Woodards: 4 Bidders: Bought under the hammer: $1,460,000

Rocket Rodney was his usual bursting with energy self. He really does know how to make an auction zing and keep a crowd entertained . The occasional, as he puts it, politically incorrect joke combined with a couple of subtle digs to get the recalcitrant bidders moving and we more often than not have the makings of one of life’s little moments of enjoyment. 1/693 Toorak was no different – opened up at $1,200,000 and then strong bidding until it was on the market around $1,360,000 and bought for $1,460,000. 4 bidders and a good buy. Rodney is what you want in an auctioneer – flamboyant, fun and fair. Check out Rodney’s auctions – they are often better than Foxtel. (Mal James)

Agent Q & A:

October 23 is Super Saturday – What can we expect?

Gerald Delany, Kay & Burton, Toorak: “October 23 will see a big of property on offer. The confidence in the market will see the absorbed and we expect to enjoy a strong market through the spring. The economic confidence we are experiencing continues to carry through to property.”

John Bongiorno, Marshall White, Armadale: “Stock levels are a bit like a roller coaster – the following couple of weeks after Super Saturday see stock levels fall again so hence I believe it will be business as usual on the 23rd.”

James Redfern, Marshall White, Armadale: “At this stage, compared to this time last year, we are seeing less property coming onto the Spring market….therefore I would suggest we should see good still very much ‘in ’ with buyers looking for quality homes in good locations. We might see however a late November / December rush of stock coming onto the market.”

Iain Carmichael, BenMac, Armadale:“I believe clearances should be good next weekend irrespective of the large number of properties on the market, attendance’s at open for inspections have all been good. What we will see after next weekend is a clearer picture as to where the market actual is at this point of time. Melbourne is the auction capital of the world and what an exciting weekend it will be.”

Forward Auction Bookings

StonningtonAuctions

StonningtonClearance

Results

ARMADALE 5 Glassford Street $2,350,000 Bought
GLEN IRIS 8 Grandview Road Passed In
MALVERN EAST 88 Emo Road $1,210,000 Bought
MALVERN EAST 2063 Malvern Road Passed In
17 Airlie Avenue $1,685,000 Bought
PRAHRAN 37 St Edmonds Road Passed In
PRAHRAN 16 Park Road Passed In
PRAHRAN EAST 84 Chatsworth Road Passed In
6a Surrey Road $1,382,000 Bought
SOUTH YARRA 34 Arthur Street Passed In
TOORAK 68 Hopetoun Road undisclosed Bought
TOORAK 1/693 Orrong Road $1,460,000 Bought
TOORAK 6 Canterbury Road $2,210,000 Bought

mal3madd

/1000
JAMES HOME RATINGS
5 Glassford Street
3
2
2
531sqm
        Good solid crowd full of anticipation waited for Justin Long to start proceedings on this sun filled day. And ...
Bought: $2,350,000
/1000
JAMES HOME RATINGS
8 Grandview Road
4
3
2
854sqm
        This large property at 8 Grandview Road Glen Iris drew a small crowd of 50 all looking to see what auctioneer ...
Bought: Undisclosed
/1000
JAMES HOME RATINGS
88 Emo Road
3
1
1
660sqm
        My first auction for the day was just perfect. The sun was shinning, the football was now over and, as it turn...
Bought: $1,210,000
655
/1000
JAMES HOME RATINGS
17 Airlie Avenue
3
1
2
390sqm
        From the get go auctioneer Justin Long made it clear to the crowd of 70 that there may be no breaks during thi...
Bought: $1,685,000
/1000
JAMES HOME RATINGS
84 Chatsworth Road
0
0
0
300sqm
        Auctioneer John Castran did an outstanding job generating an air of excitement before asking for bids in this ...
Bought: Undisclosed
/1000
JAMES HOME RATINGS
34 Arthur Street
2
1
0
304sqm
        There was not a cloud in the sky as auctioneer Paul Castran portrayed the day's conditions as ideal for buying...
Bought: Undisclosed
/1000
JAMES HOME RATINGS
6 Canterbury Road
3
2
2
708sqm
        Happy days – the second Justin Long auction I went to today and the second time it was bought under the hamm...
Bought: $2,210,000
736
/1000
JAMES HOME RATINGS
68 Hopetoun Road
4
2
2
830sqm
        Bought Before*
Bought: Undisclosed
646
/1000
JAMES HOME RATINGS
1/693 Orrong Road
2
2
2
147sqm
        Rocket Rodney was his usual bursting with energy self. He really does know how to make an auction zing and kee...
Bought: $1,460,000
View all 28 of this week's $Million Plus Featured Auction Reviews

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