Biggest Sale: PORT MELBOURNE, 64 Spring Street East
Damian O'Sullivan (Marshall White); After Auction, Bought range: $1,558,375 - $1,714,375 - 3 Bidders
"What a day, what a crowd and what a house! This is possibly one of the best small renovations I have seen since 280 Beaconsfield Parade was offered to the market. The strong crowd of nearly 200 were well positioned to enjoy the late afternoon sun as auctioneer Damian O’Sullivan paced up and down the street determined not to miss a bid. A genuine bid of $1,000,000 was offered to commence proceedings, before Damian place a vendor bid of $1,400,000. This resulted in two further parties entering the bidding – taking the price to $1,525,000 before half time was called. Upon his return, Damian took two further bids of $10,000 before the property was passed in at $1,545,000. Bought after for an undisclosed amount." (Guy Angwin)

 

Biggest Pass In: ALBERT PARK, 78 Beaconsfield Pde
Greg Hocking (Greg Hocking); Passed In: $2,350,000 - 0 Bidders
"With yachts sailing on the bay, a gorgeous sunny afternoon welcomed this Albert Park auction. The assembled group of 65 stood in the shade of the many palm trees. Auctioneer Greg Hocking described the opportunity on offer as a “very rare occurrence.” He said the property offered a “blank canvas” to prospective buyers and that the location “speaks for itself.” A vendor bid of $2,350,000 commenced proceedings and Mr Hocking looked for rises of $25,000. Despite Mr Hocking’s best efforts to create a contest, all in attendance stood silently. After consulting with the vendors Mr Hocking looked for rises of $10,000, however with no bidding on the day the property was passed in." (Kate Agnoleto)

ADDRESS	RESULT	PRICE	IMPROVED $/SQM	BOUGHT
ALBERT PARK
76 Reed Street	Bought	R: $1,333,010 - $1,466,450	$9,454 - $10,400	2011-12-03
78 Beaconsfield Parade	Bought	R: $2,301,600 - $2,532,000	$7,104 - $7,815	2011-12-03
ELWOOD
4/87 Marine Parade	Passed In	PI: $1,350,000
30A Wave Street	Passed In	PI: $1,650,000
MIDDLE PARK
11 Wright Street	Passed In	PI: $1,410,000
PORT MELBOURNE
64 Spring Street East	Bought	R: $1,558,375 - $1,714,375	$7,792 - $8,572	2011-12-03
SOUTH MELBOURNE
170 Cecil Street	Bought	Undisclosed		2011-12-03
ST KILDA WEST
335 Canterbury Road	Bought	$1,300,500	$5,679	2011-12-03

ADDRESS		BOUGHT PRICE	IMPROVED $/SQM
ALBERT PARK	10 Kerferd Place		$5,679
	78 Beaconsfield Parade	Range: $2,301,600 - $2,532,000	$7,104 - $7,815
MIDDLE PARK	351 Richardson Street		$7,104 - $7,815
ST KILDA EAST	9 Hammerdale Avenue	$1,200,000	$1,633
	16 Leslie Street	$1,080,000	$5,000