Biggest Sale: BRIGHTON, 43 Seacombe Gr
John Bongiorno (Marshall White); Under Hammer, $7,770,000 - 3 Bidders
"Is this going to be the auction of the year or even the auction of the decade? Who knows when you are dealing with absolute Brighton waterfront and this is best of the best of Brighton waterfront (position wise – opposite the dog beach). The tricky bit is what it should go for? Brighton waterfront has been going for $10,000 a square metre; but not all of this land is waterfront. It’s about half and half, so our calcs were 600 sqm at $10,000 per sqm and the rear 600 sqm at $3,000 per sqm = $7,800,000 as fair value – so range $7,500,000 to $8,000,000. Anyway the crowd has gathered on this blustery day and its bloody cold – so Jack c’mon, get on with it. And he does – when you are the biggest game in town, you don’t need to spend a lot of time crapping on and Jack knows this these days – he is the right man for the occasion. We are away with a vendor bid of $6,000,000 and before you can even breathe two bidders are at $6,400,000 in $100,000’s. A pause and then a jump to $7,000,000 from bidder 3 – impressive but had zero effect as bidder one bounced back and two quick bids later it’s on the market at $7,200,000. Can I say at this point, hooray, well done buyers and sellers - this is an open and fair market. Some more rapid fire bidding, but in lesser amounts and then another pause at $7,500,000. It looks like it’s all over but it’s not; another hundred, then a fifty and then five - thousands that is. Even bidder one is looking nervous – well as nervous as you can look in trakky dacks. So we are at all the 7’s - $7.77m and its over – the biggest for the year and the biggest I can remember for some time. Yeah the market is dead for the well priced good stuff – sure ain’t." (Mal James)

 

Biggest Pass In: BRIGHTON, 23 Manor St
John Bongiorno (Marshall White); Passed In: $2,875,000 - 2 Bidders
"Growling Jack was down on his new Bayside patch in front of a smallish crowd (40) exulting the virtues of this middle of the road period home but one in an excellent location. After a crisp opening he called for bidding and $2,700,000 came from the crowd. It looked like all she wrote and a half time break was taken – but it wasn't all she wrote as a second bidder joined in late and the two bidders took it to the pass-in figure of $2,875,000 in 25,000’s. We await the result. " (Mal James)

ADDRESS	RESULT	PRICE	IMPROVED $/SQM	BOUGHT
BEAUMARIS
2 Tramway Parade	Bought	R: $2,109,800 - $2,321,000	$3,149 - $3,464	2012-05-18
BRIGHTON
7A Tennyson Street	Passed In	PI: $1,750,000	$3,149 - $3,464	2012-05-18
112 Esplanade Street	Passed In	PI: $2,500,000
23 Manor Street	Passed In	PI: $2,875,000
43 Seacombe Grove	Bought	$7,770,000	$6,211	2012-05-26
2 Birdwood Avenue	Bought	$2,430,000	$4,728	2012-05-26
BRIGHTON EAST
22 Bright Street	Passed In	PI: $1,825,000
36 Glencairn Avenue	Bought	$1,510,000	$2,118	2012-05-26
16 Robinson Street	Not Reported
173 Were Street	Bought	$1,400,000	$1,958	2012-05-26
HAMPTON
2 Nicol Street	Bought	R: $999,278 - $1,099,310	$1,604 - $1,765	2012-05-26
135A Linacre Road	Passed In	PI: $1,100,000	$1,604 - $1,765	2012-05-26
SANDRINGHAM
17 Susan Street	Passed In	PI: $1,075,000	$1,604 - $1,765	2012-05-26
25 Royal Avenue	Passed In	PI: $1,440,000	$1,604 - $1,765	2012-05-26

ADDRESS		BOUGHT PRICE	IMPROVED $/SQM
BEAUMARIS	81 Fourth Street	Range: $2,805,075 - $3,085,875	$2,103 - $2,313
	4 Burgess Street	Undisclosed
	38 Tramway Parade	Undisclosed
BRIGHTON	54 Hanby Street	Range: $2,992,080 - $3,291,600	$2,696 - $2,965
BRIGHTON EAST	6 Burwah Avenue	$1,180,000	$1,625
HAMPTON	9 Ocean Street	Undisclosed
	123a Linacre Road	$1,200,000
	38 Gordon Street	Range: $3,020,850 - $3,323,250	$2,123 - $2,335
SANDRINGHAM	1A Southey Street	$1,568,000	$1,882