Biggest Sale: BRIGHTON, 1 Farleigh Gr
Greg Costello (RT Edgar); Under Hammer, $2,222,000 - 6 Bidders
"My first auction of the year and I'm a little toey as the auction bell rings - it's not nerves, more anticipation - you see I think it will fly along and I've been starved of the buzz of an auction for 8 long weeks. Anyway one of the best in the business for these type of homes, Greg Costello, is conducting proceedings and there is a bit of a hush as he finishes up his spiel and gets down to business in front of a crowd of around 70 - a good size for Brighton. Bang! We have $1,650,000 from Bidder One straight out of the blocks. Bidder Two offers $1,700,000 and Bidder Three is at $1,800,000. We are on the market at $1,850,000 in an instant. Bidder Four is in at $1,920,000 and Bidder Five at $1,950,000. Really its only been a quick flurry and we are $2,000,000 even. Between that and $2,100,000, Bidder Six arrived and left. We still have good, strong, multiple bidding at $2,100,000 or $250,000 over reserve and the quote. At this level it seems we are down to a race in two - Greg is doing a great job just to keep up with halves at $2,162,500 although his penciller was struggling to record all the bids. At $2,190,000 the original bidder comes back in and we move in little but strongly bid amounts until $2,210,000 when the eventual underbidder moves from strong to weak responses - advertising to the crowd (and his competitor) he is near the end. Really this is not a good move as all it does is give the eventual winner, who was bidding through an agent, some juice to go harder. The agony for one and ecstasy for another ends on the Richie Benaud number of $2,222,000. Great auction and it's good to be back in the saddle. " (Mal James)

 

Biggest Pass In: BRIGHTON, 20 Birdwood Av
Stewart Lopez (Kay & Burton); Passed In: $2,700,000 - 0 Bidders
"A good sized crowd of around 40 people were on hand to watch this auction, led by the affable Stewart Lopez. Mr Lopez indicated there were a few interested parties amongst those gathered but when it came time to bid, all remained silent. Instead, Mr Lopez opened on a vendor bid of $2,700,000 and was forced to pass the property in for that amount. " (Jen Milligan)

ADDRESS	RESULT	PRICE	IMPROVED $/SQM	BOUGHT
BRIGHTON
20 Birdwood Avenue	Passed In	PI: $2,700,000
1 Farleigh Grove	Bought	$2,222,000	$3,239	2012-02-18
142 Cochrane Street	Bought	$1,338,000	$2,165	2012-02-18
16 Lawrence Street	Passed In	PI: $1,210,000	$2,165	2012-02-18
127 Male Street	Bought	$990,000	$2,500	2012-02-18
BRIGHTON EAST
8a Lucas Street	Bought	$1,140,000	$2,879	2012-02-18
252 North Road	Passed In	PI: $1,550,000
HAMPTON
7 David Street	Passed In	PI: $1,700,000
50 Kingston Street	Bought	$1,300,000	$1,673	2012-02-18
SANDRINGHAM
10 Victoria Street	Bought	$1,935,000	$2,556	2012-02-18
7 Henry Street	Passed In	PI: $1,000,000
16 Keats Street	Passed In	PI: $1,820,000

ADDRESS		BOUGHT PRICE	IMPROVED $/SQM
BRIGHTON	6 Tynefield Court	Range: $1,553,580 - $1,709,100	$4,490 - $4,940
	2 Little Moffat Lane	$1,150,000
	371 St Kilda Street	Undisclosed
	9/11 Well Street	Undisclosed
BRIGHTON EAST	51 Milroy Street	Undisclosed
HAMPTON	36A May Street	$1,530,000
SANDRINGHAM	6 Campbell Street	$1,600,000	$4,061
	18 Balmoral Avenue	Range: $896,665 - $986,425	$2,176 - $2,394