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Super, Super Saturday!

Super Saturday, super crowds - no different: 13 Hume Street, Andrew Macmillan (Jellis Craig Bennison Mackinnon), under hammer, $1,730,000, 3 bidders and a big crowd of 130

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ was 73% on the 40 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 2.3.

Super Saturday

It was a huge day across Melbourne and it really felt solid out there. It was solid in terms of everything.

Have a look at the dials on our front page. They’re all in the red zone. Bidderman was an amazing 2.3 on the biggest $M+ auction day I can remember, there were huge amounts of good stock, the Clearance Rate was up over 73% and our 3 month price direction is firmly in the red.

Most auctions had two or three bidders, but there were some crackers of volcanoes, including one with  8 bidders for 56A Dendy Street, (Robin Parker, ), which sold for $2,272,000 under the hammer, and one with 6 bidders at 168 Nelson Road, South Melbourne, (Kaine Lanyon, ), which sold for $2,400,000.

  • Ducks (no bidder auctions) – 13%
  • Lone Rangers (1 bidder auctions) – 18%
  • Norms (2-3 bidder auctions) – 54%
  • Volcanoes (4+ bidder auctions) –15%

As a company, we’ve also seen a fair bit of action on behalf of our clients in the past couple of weeks, Last week we bought 7 out of the 7 that we bid for, while  this week it was 7 out of 11, with Sunday auctions still to come.

  • Brighton – $3m+ – Dennis Bowen-Day – 3 bidders
  • Elsternwick – $2m+ – Bill Stavrakis
  • South Melbourne – $2m+ – Kaine Lanyon – 6 bidders
  • – $1m+ – Nathan Waterson – 4 bidders
  • Malvern – $3m+ – Matthew Morley – 3 bidders
  • Brighton – $1m+ – Anthony Grimwade – 2 bidders
  • Brighton – $2m+ – Robin Parker – 8 bidders
  • Glen Iris – $2m+ – Damien Davis – 4 bidders
  • Balwyn North – $1m+ – Glen Coutinho – 1 bidder
  • Camberwell – $2m+ – James Tostevin – 3 bidders
  • Hawthorn – $1m+ – Antony Woodley – 3 bidders

Here is a small sample of  results from the 40 auctions we covered this weekend. This tells you what is really happening!

Please click through to our auction reports to read more detail about each of the auctions we covered.

No room to breathe: 48 Wheatland Road, Malvern, Matthew Morley (Morleys), after auction, undisclosed above $3,300,000, 3 bidders

Biggest Auctions:

  • East Melbourne, 84 Powlett Street, Andrew Hayne (Marshall White) after auction, undisclosed above $3,825,000, 2 bidders
    With a few drops of rain and the popping open of umbrellas you could have forgiven auctioneer Andrew Hayne for rushing the proceedings this afternoon…(See More in Auction Reports)
  • Brighton, 11 Hall Street, Nick Johnstone (Nick Johnstone), under hammer, $3,820,000, 6 bidders
    We knew we were in for some thrilling action when auctioneer, Nick Johnston asked the crowd of 50 for an opening bid of $3,000,000 for this “modernist masterpiece” in its “sought after location”…(See More in Auction Reports)
  • Kew, 19 Heather Grove, Peter Batrouney (Jellis Craig), after auction, undisclosed above $3,400,000, 2 bidders|
    The weather got a bit cold and grey for this auction but luckily enough it was held on the nice green tennis court behind the property….(See More in Auction Reports)

Bidderbuzz:

  • Brighton, 56A Dendy Street, Robin Parker (Marshall White), $2,272,000, under hammer, 8 bidders
    A large crowd gathered for this classic 60’s home on Dendy Street. After a brief spiel the auctioneer…(See More in Auction Reports
  • South Melbourne, 168 Nelson Road, Kaine Lanyon (Marshall White), $2,400,000, 6 bidders
    Kaine Lanyon was our master of ceremonies here and gave a thorough spiel in front of a decent sized crowd of around 80 people….(See More in Auction Report)
  • Hawthorn, 79 Illawarra Road, James Tostevin (Marshall White), under hammer, $2,267,000, 5 bidders
    The obligatory vendor bid was out of the way and a crowd member soon added $20,000 to the opening of $1,850,000…(See More in Auction Reports)

Biggest Pass Ins:

  • Toorak, 108 St Georges Road, passed in, $4,500,000, no bidders
    Our auctioneer waxes lyrical about this iconic river-frontage property, with its own private jetty, and riverfront gardens, courtesy Edna Walling, set on a large 1,736 sqm block…(See More in Auction Reports)
  • Malvern, 2a Chesterfield Avenue, passed in, $3,750,000, 2 bidders
    ‘I got a bit emotional when I saw the rendering of this home’, admitted auctioneer – was he showing his softer side for us today…(See More in Auction Reports)
  • Toorak, 188 Kooyong Road, passed in, $3,500,000, no bidders
    Our auctioneer, with his traditional gavel in hand, painted a descriptive opening that touched on the exclusivity and location of the property…(See More in Auction Reports)

South Melbourne: 168 Nelson Road, Kaine Lanyon (Marshall White), under hammer, $2,400,000, 6 bidders

Flavour of the Day

Boroondara

  • Canterbury, 2 Dudley Parade, Antony Woodley (Marshall White), after auction, undisclosed above $2,810,000
    “A garden like this doesn’t happen overnight,” said auctioneer Antony Woodley to the crowd of 70…(See More in Auction Reports)
  • Hawthorn, 7 Carson Crescent, Hamish Tostevin (Marshall White), after auction, $2,710,000, 2 bidders
    The wind picked up and the temperature started to fall but the crowd of 45 were keen to watch the event in this quiet cul-de-sac…(See More in Auction Reports)

Stonnington

  • Armadale, 13 Hume Street, Andrew Macmillan (Jellis Craig Bennison Mackinnon), under hammer, $1,730,000, 3 bidders
    A fat chance of driving down Hume Street today with a crowd to rival a small protest march unlikely to budge…(See More in Auction Reports)
  • Malvern, 28 Glendearg Grove, Andrew Macmillan (Jellis Craig Bennison Mackinnon), under hammer, $3,280,000, 2 bidders
    There was quite a gathering in Glendearg street, with around 80 people eager to see what number 28 would sell for at auction on “Super Saturday…(See More in Auction Reports)

Super bidder numbers: 56A Dendy Street, Brighton, Robin Parker (Marshall White), under hammer, $2,272,000, 8 bidders

Bayside

  • Brighton, 11 Wallace Grove, David Hart (Buxton), under hammer, $2,500,000, 3 bidders
    This elderly, well worn family home, of probably First World War vintage, provided a pleasant background for the 50-plus onlookers gathered in the large front garden for the auction…(See More in Auction Reports)
  • Brighton, 26 Norwood Avenue, Leigh Hallamore (Buxton), after auction, $2,900,000, 1 bidder
    Auctioneer Leigh Hallamore was clearly a fan of this four-bathroom, four-bedroom home, close to the beach…(See More in Auction Reports)

Port Phillip

  • Albert Park, 107 Richardson Street, Greg Hocking (Greg Hocking Holdsworth), under hammer, $2,930,000, 3 bidders
    Auctioneer Greg Hocking appeared ready for an action packed auction today. There was a coffee stand set up and an auction across the road just one hour afterwards which enticed a crowd of 70-plus to attend…(See More in Auction Reports)
  • South Melbourne, 46 Mountain Street, Damian O’Sullivan, under hammer, $1,560,000, 2 bidders
    Damian O’Sullivan cheerfully stood in front of 46 Mountain street, South Melbourne this morning in hope of selling the property under the hammer…(See More in Auction Reports)

Agent Survey: Last year, Super Saturday marked the start of the busiest six weeks of the entire year for 2012. What do you think will happen this year?

Scott Patterson (, Hawthorn): The last Saturday in October is always busy due to the fact that it coincides with campaigns that are trying to position themselves between the AFL Grand Final and the Melbourne Cup. This year we are seeing a because September was badly interrupted with the Federal Election, school holidays and the footy finals. There is an increased number of listings at the moment, however the has strengthened too. Most auctions we are conducting are attracting multiple bidders. This momentum should mean a healthy auction clearance rate is achieved on Saturday 26th October despite the spike in . There will be another run straight after the Cup with November 30 looming as the final Super Saturday prior to Xmas. It’s a good time to buy and sell.

David Hart (Buxton, Brighton): Without doubt, this Saturday will be the busiest auction day of the year, and yes, it will begin the frantic selling period up until mid-December. You have a combination of circumstances. Every year, many people underestimate how quickly the year comes to an end, and almost leave things too late, but still want to sell this year. You also get many of those who purchase, needing to sell their existing property prior to the break. These factors invariably lead to the highest turnover period of the year. If you are a cashed-up buyer, it can be a great time to buy!

Justin Long (Marshall White, Armadale): The market has now gained considerable momentum and buyer confidence has returned and as a result sales are ticking over at an increased rate, despite increased supply. I foresee steady, consistent turnover throughout the balance of the year with upward pressure building on home prices across the board.

Even the establishment were reaching into their pockets: 84 Powlett Street, East Melbourne, Andrew Hayne (Marshall White), after auction, undisclosed above $3,825,000

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