BY GUY ANGWIN 4th December 2010
The sun was out and so were the spectators - but the bidders were nowhere to be seen. Andrew Stuart (Hocking Stuart) at 280 Beaconsfield Pde, Middle Park. Passed in $4,400,000, crowd of around 80, no bidders
Key Points:
- A big day auction-wise in Port Phillip with more than 20 $m+ properties up for grabs.
- We reported on seven – four of those were bought under the hammer and one shortly after auction.
- The biggest sale was at 107 Richardson St, Albert Park (Oliver Bruce, BenMac) which sold under the hammer for $2,322,000, with 5 bidders.
- The biggest pass in was at 280 Beaconsfield Pde, Middle Park (Andrew Stuart, Hocking Stuart), $4,400,000, no bidders.
Agent Q & A: If you were a buyer, how would you buy a house over the next two months, during the Christmas break?
Sam Gamon, Chisholm & Gamon, Elwood: “If I were a buyer wanting to buy over the Christmas period, I would make myself known to the local estate agents in the areas I want to focus on so I’m front of their mind should any new listings become available. Potentially, there might be more low-key Private Sales available as it’s unlikely we’ll see many auctions until Feb 12 & 19. Some vendors would prefer to sell in January rather than wait until February so it’s important to stay in touch with your agent and for them to keep in contact with you. It’s a two-way street and communication is the key. Start pounding the pavement. Of course, the internet is still paramount when searching for the right property so register for ‘alerts’ and keep an eye out daily. After all, that old saying about the ‘early bird’ still rings true.”
ST KILDA, 8 Kipling St | Bill Stavrakis (Biggin & Scott)
Under Hammer: $1,300,500 - 5 Bidders (Photo: Kate Agnoleto)
Bidderbuzz Auction
"Auctioneer Bill Stavrakis spoke passionately about this St Kilda property in his preamble, describing it as being an “absolutely stunning family home” to the crowd of 60 who stood under the shade of the nearby trees. An opening bid of $950,000 from an onlooker got the auction underway. Before long Mr Stavrakis successfully enticed four further bidders to join in on the action and created a real contest. Bidding was quick and entertaining and when the property reached $1,140,000 it was announced on the market. Fierce bidding continued and the property was bought under the hammer for $1,300,500 to the applause of the crowd. " (Kate Agnoleto)
Biggest Sale: ALBERT PARK, 107 Richardson St
Oliver Bruce (Bennison Mackinnon); Under Hammer, $2,322,000 - 5 Bidders "For a bustling crowd, this auction took a very long time to start. Oliver Bruce of Benninson Mckinnion did a fabulous introduction and opened proceeding with a vendor bid of $2,100,000. This was follow by silence and then the Benninson Mckinnion sales team consulted with the vendors. Finally an actual bid at $2,110,000 which sparked a flurry of bidding with 5 bidders entering the race. This auction was one of the longest I have been to - lasting over 40 minutes as a number of the bidders just couldn't let go of this fantastic property. Final Result $2,322,000." (David McMillan)
Biggest Pass In: MIDDLE PARK, 280 Beaconsfield Pde
Andrew Stuart (Hocking Stuart); Passed In: $4,400,000 - 0 Bidders "A large crowd of 80 sought refuge from the hot sun under the shade of the trees scattered on the nature strip. In his preamble, auctioneer Andrew Stuart spoke enthusiastically about the property, the “outstanding lifestyle” and it being in “Melbourne’s greatest location.” Mr Stuart looked to the group for an opening bid but all remained silent, so he opened with a vendor bid of $4,400,000. Despite Mr Stuart’s best efforts there was no bidding on the day and the property was passed in at $4,400,000. " (Kate Agnoleto)
$1M+ port phillip Featured Auctions
746
BOUGHT: $2,260,000
670
BOUGHT: $2,322,000
671
BOUGHT*: Undisclosed
781
PASSED IN: $4,400,000
664
BOUGHT: $1,225,000
716
BOUGHT: $1,910,000
UNDISCLOSED
JAMES HOME RATINGS
BOUGHT: $1,300,500
port phillip Scheduled Auctions
| ADDRESS | RESULT | PRICE | IMPROVED $/SQM | BOUGHT |
|
| ALBERT PARK |
| 3 Reed Street | Bought | $2,260,000 | $7,875 | 2010-12-04 |
| 107 Richardson Street | Bought | $2,322,000 | $7,145 | 2010-12-04 |
| 37 Richardson Street | Bought | R: $1,309,035 - $1,440,075 | $8,905 - $9,796 | 2010-12-04 |
|
| ELWOOD |
| 12 Gordon Avenue | Bought | $1,270,000 | $5,522 | 2010-12-04 |
| 40 Mason Avenue | Bought | $1,043,000 | $4,967 | 2010-12-04 |
| 77 Milton Street | Bought | Undisclosed | | 2010-12-04 |
| 6 Knight Street | Bought | $1,200,000 | | 2010-12-04 |
|
| MIDDLE PARK |
| 17 Langridge Street | Bought | Undisclosed | | 2010-12-04 |
| 280 Beaconsfield Parade | Passed In | PI: $4,400,000 | | 2010-12-04 |
|
| PORT MELBOURNE |
| 108 Clark Street | Bought | $1,200,000 | $7,317 | 2010-12-02 |
| 105 Clark Street | Bought | Undisclosed | | 2010-12-01 |
| 203 Pickles Street | Bought | $1,140,000 | $3,596 | 2010-12-02 |
| 124 Stokes Street | Bought | $1,225,000 | | 2010-12-04 |
|
| RIPPONLEA |
| 9 Glen Eira Road | Passed In | PI: $1,200,000 | | |
|
| SOUTH MELBOURNE |
| 19 Ferrars Place | Bought | $1,910,000 | $6,201 | 2010-12-04 |
|
| ST KILDA |
| 42 Dalgety Street | Bought | $1,725,000 | $6,461 | 2010-12-04 |
| 8 Kipling Street | Bought | $1,300,500 | | 2010-12-04 |
|
| ST KILDA EAST |
| 12 King Street | Passed In | PI: $1,240,000 | | 2010-12-04 |
|
| ST KILDA WEST |
| 58 York Street | Bought | $1,380,000 | $7,188 | 2010-12-03 |
| 1A Cowderoy Street | Passed In | PI: $1,000,000 | | |
port phillip Private Sales
| ADDRESS | | BOUGHT PRICE | IMPROVED $/SQM |
| ALBERT PARK | 100 Richardson Street | $1,295,000 | $9,962 |
| ELWOOD | 384-386 Barkly Street | $1,885,000 | $3,168 |
| 44a Shelley Street | $1,060,000 | $5,274 |
| PORT MELBOURNE | 137 Albert Road | $925,000 | |
| ST KILDA | 33 Pakington Street | Undisclosed | |
| ST KILDA EAST | 14 Talbot Avenue | Range: $1,328,215 - $1,461,175 | $1,714 - $1,885 |
| 20 Monkstadt Avenue | Undisclosed | |
ALBERT PARK, 107 Richardson St | Oliver Bruce (Bennison Mackinnon)
Under Hammer: $2,322,000 - 5 Bidders (Photo: David McMillan)
