Where’s the Special Sauce: Big Mac Mystery
Significant Improvement in Market since December
YES. But Mal my house didn't sell or hasn't attracted any interest and yet you said the market is a lot better!
That's correct my friend. Look at the graphic above. We are just turning a corner and those that are selling are at market: not 10 to 20% above market, dreaming of 2021. We are nowhere near 2021 yet, but for some we are starting to chortle back in that direction!
Today's Biggest Auction Volcano: Interesting Vid
We Bought Today
Aussie Asian Market is Hot. Tamsin Curcio on Fire
We bought next door off Tamsin for over $6.5m + this one well over $4m...$10m + in a month!
Our 2025M1 100 Auction Test - Full Results
Comparisons
COMING TO MARKET IN MAY: $4m to $4.4m
Elliot Gill 0411 863 603 Jonathon McCormack 0418 835 885
Stewart Oldmeadow 0412 119 277 Liz Walker 0412 659 140
Bruce Liu 0424 576 188
Significant Improvement in Market since December
Week 3 – 4 auctions
Clearance: 75%
Bidderman: 1.8
ARMADALE, 3/20 Mercer Road
Agent: Carla Fetter – Jellis Craig
SOI: $1,900,000 – $2,000,000
Before auction: $undisc
Bidderman: 1
GLEN IRIS (Stonnington), 10a Maitland Street
Agent: Carla Fetter – Jellis Craig
SOI: $3,000,000 – $3,300,000
Crowd: 40
Opening Bid: $3,100,000
On the Market: $3,420,000
Under the Hammer: $3,420,000
Bidderman: 2
Auctioneer Peter Vigano welcomed the crowd of 40 to the auction of 10a Maitland St Glen Iris. The bidding was swift to commence with an opening bid of $3,100,000. This was promptly met by a second bidder. After some back and forth the property sold for the reserve price of $3,420,000 to the second bidder.
WINDSOR, 8 Wrexham Road
Agent: Nicholas Kane – Biggin & Scott
SOI: $2,500,000 – $2,700,000
Crowd: 50
Opening Bid: $2,500,000 VB
On the Market: $2,775,000
Under the Hammer: $3,110,000
Bidderman: 4
A crowd of 50 gathered in front of 8 Wrexham Road, Windsor. Auctioneer Tom McCarthy welcomed the crowd and placed an opening bid of $2,500,000 on behalf of the vendors. The bidding commenced and the property reached the reserve price of $2,775,000. Four bidders pursued the property and eventually the property was purchased under the hammer by the third bidder for $3,110,000.
MALVERN EAST, 105 Darling Road
Agent: Tom Hayne – Marshall White
SOI: $2,000,000 – $2,200,000
Crowd: 10
Opening Bid: $2,100,000 VB
Passed in: $2,100,000 VB
Bidderman: 0
With a small crowd and no bids, the property was passed in on a vendor bid.
Significant Improvement in Market since December
Week 3 – 11 auctions
Clearance: 64
Bidderman: 1.5
BRIGHTON, 8 Grosvenor Street
Agent: Alan McGillivray – Nick Johnstone
SOI: $4,750,000 – $5,200,000
Before auction: $undisc
Bidderman: 1
ELWOOD, 46 Southey Street
Agent: Ben Khong – Chisholm & Gamon
SOI: $3,100,000 – $3,400,000
Before auction: $undisc
Bidderman: 1
HAMPTON, 138 Thomas Street
Agent: Kate Fowler – Jellis Craig
SOI: $3,000,000 – $3,300,000
Crowd: 35
Opening Bid: $3,000,000
On the Market: $3,300,000
Under the Hammer: $3,360,000
Bidderman: 2
With the hot sun overhead, Auctioneer Michael Hingston was spared a sunburn with a swift auction this afternoon. Two bidders wasted no time bringing the house from the opening bid to sold in a matter of minutes.
BRIGHTON, 11 Munro Street
Agent: Matthew Pillios – Kay & Burton
SOI: $2,250,000 – $2,400,000
Crowd: 60
Opening Bid: $2,200,000
Passed in: $2,475,000
Sold After: $undisc
Bidderman: 2
Matthew Pillios from Kay and Burton drew two bidders from the crowd who took the home from an opening bid of $2,200,000 to $2,475,000 where it was passed in.
HAMPTON, 7 Bridge Street
Agent: Stefan Delyster – Buxton
SOI: $2,600,000 – $2,800,000
Crowd: 30
Opening Bid: $2,550,000 VB
Passed in: $2,600,000 VB
Bidderman: 0
No forthcoming bids from the small crowd of about 30 at Bridge street today. The home was opened with a vendor bid of $2,550,000 and closed at $2,600,00 shortly after a second vendor bid was added.
SANDRINGHAM, 27 Collingwood Street
Agent: Paul Bond – Hodges
SOI: $2,000,000 – $2,200,000
Crowd: 80
Opening Bid: $2,000,000
On the Market: $2,300,000
Under the Hammer: $2,517,000
Bidderman: 5
Sandringham was where the action was today when Paul Bond along with five bidders took 27 Collingwood street past the opening Vendor bid of $2,000,000 and the reserve of $2,300,000 to a sale price of $2,517,000.
HAMPTON, 26 Deakin Street North
Agent: Kylie Charlton – Buxton
SOI: $2,100,000 – $2,300,000
Crowd: 67
Opening Bid: $2,100,000 VB
Passed in: $2,150,000 VB
Bidderman: 0
Despite Christian Hegarty extolling the value and location of the home, it opened at $2,100,000 with a vendor bid and closed at $2,150,000 with a further vendor bid in front of a small crowd of 30.
BRIGHTON, 17 Williams Street
Agent: Robert Eierweis – O’Brien
SOI: $3,000,000 – $3,200,000
Crowd: 23
Opening Bid: $3,000,000 VB
Passed in: $3,300,000
Sold After: $undisc
Bidderman: 3
After a slow start, and a two quick breaks, three bidders eventually raised their hands. When bidding faltered below the reserve, the property was passed in and negotiations moved inside.
BRIGHTON, 9a Higinbotham Street
Agent: David Hart – Buxton
SOI: $2,900,000 – $3,190,000
Crowd: 23
Opening Bid: $2,900,000
On the Market: $3,050,000
Under the Hammer: $3,333,500
Bidderman: 2
A quick start followed by a slow climb. Two bidders vied for the house and tested Auctioneer David Hart’s maths skills with repeated $1,500 bids. When bidder 2 asked to place a $500 bid, Mr Hart quipped that it was a house on sale, not a pair of shoes. Not to be deterred, Bidder 2 held on to take the keys to a round of applause.
HAMPTON, 41 Imbros Street
Agent: Jenny Dwyer – Belle
SOI: $2,950,000 – $3,150,000
Crowd: 50
Opening Bid: $2,950,000 VB
Passed in: $3,000,000 VB
Bidderman: 0
The large, relaxed crowd sheltering in the shade was here to observe only. While children happily jumped the stepping stones, the adults remained hushed. With no bids forthcoming, the property was passed in to a vendor bid.
BRIGHTON EAST, 87 Baird Street
Agent: Andy Nasr – Marshall White
SOI: $3,500,000 – $3,750,000
Crowd: 48
Opening Bid: $3,500,000 VB
Passed in: $3,500,000 VB
Bidderman: 0
The day is hot but the crowd was playing it cool. The Auction was opened and closed on a vendor bid.
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Volatile market with better clearance but weaker Bidderman: Price?
Week 3 – 13 auctions
Clearance: 69%
Bidderman: 1.5
CAMBERWELL – METHOD CHANGE/WITHDRAWN
CANTERBURY, 38 Maysia Street
Agent: Rachael Fabbro – RT Edgar
SOI: $2,900,000 – $3,190,000
Before auction: $undisc
Bidderman: 1
SURREY HILLS, 18 Banool Road
Agent: Helen Yan – Ray White
SOI: $4,900,000 – $5,390,000
Before auction: $undisc
Bidderman: 1
HAWTHORN, 5 Yarra Grove
Agent: Stuart Evans – Marshall White
SOI: $3,000,000 – $3,300,000
Crowd: 40
Opening Bid: $3,000,000
On the Market: $3,400,000
Under the Hammer: $3,665,000
Bidderman: 4
Straight out of the gate was bidder 1 with a $3,000,000 followed by two more interested parties, with rapid-fire bidding resulting in the eventual sale price of $3,665,000.
CANTERBURY, 14 Boronia Street
Agent: Stuart Evans – Marshall White
SOI: $2,900,000 – $3,190,000
Crowd: 35
Opening Bid: $2,500,000 VB
On the Market: $2,820,000
Under the Hammer: $3,030,000
Bidderman: 2
A strong crowd braved the heat as competitive bidding saw large jumps. With instructions sought, the property went on the market and sold to the original bidder.
KEW, 5 Tregarron Avenue
Agent: Daniel Bradd – Marshall White
SOI: $5,400,000 – $5,900,000
Crowd: 25
Opening Bid: $5,600,000 VB
Passed in: $5,700,000
Sold After: $5,780,000
Bidderman: 3
A $5000 bid atop the opening vendor bid was indication this would be a go slow auction. Two other bidders entered with equivalent rises, stretching proceedings further. At $5,670,000, Bidder 1 cheekily suggested to auctioneer James Tostevin that he was going to miss the next auction. It was this unhurried bidder who eventually secured the pass in rights at $5,700,000.
CANTERBURY, 40 Wattle Valley Road
Agent: Hamish Tostevin – Marshall White
SOI: $3,850,000 – $4,200,000
Crowd: 65
Opening Bid: $3,950,000 VB
Passed in: $3,975,000
Sold After: $undisc
Bidderman: 1
A vendor opening bid and a half-time chat before a lone bidder offered a $25,000 rise to $3,975,000. Passed in for negotiation.
SURREY HILLS, 24 Weybridge Street
Agent: Isabella Lu – Marshall White
SOI: $3,600,000 – $3,900,000
Crowd: 50
Opening Bid: $3,600,000
Passed in: $3,600,000
Sold After: $undisc
Bidderman: 1
A bid straight up from the crowd relieved auctioneer Tim Mursell from opening with a vendor bid, however this was to be the only bid ventured.
CAMBERWELL, 26 Finsbury Way
Agent: Jonathon O’Donoghue – Jellis Craig
SOI: $2,500,000 – $2,700,000
Crowd: 35
Opening Bid: $2,500,000 VB
Passed in: $2,500,000
Sold After: $undisc
Bidderman: 1
The sole bidder matched the vendor’s bid of $2,500,000 after the halftime break, resulting in the property passing into them.
CANTERBURY, 91 Wattle Valley Road
Agent: Kenneth Kong – Ray White
SOI: $2,850,000 – $3,100,000
Crowd: 60
Opening Bid: $2,700,000
Passed in: $2,810,000
Bidderman: 2
A $2,700,000 opening bid started the proceedings, which was the only activity before the ‘half time break’. Afterwards, came one more bid from another bidder, although this failed to spur things along, resulting in a pass-in.
HAWTHORN, 24 Linda Crescent
Agent: Ada Taylor – Kay & Burton
SOI: $7,000,000 – $7,700,000
Crowd: 32
Opening Bid: $7,000,000 VB
Passed in: $7,125,000
Bidderman: 1
A smaller shade seeking crowd contained one bidder who upped two vendor bids in $25,000 increments. Passed in for negotiations.
HAWTHORN, 95 Robinson Road
Agent: Antony Woodley – Jellis Craig
SOI: $2,700,000 – $2,900,000
Crowd: 15
Opening Bid: $2,825,000
Passed in: $2,950,000
After auction: $undisc
Bidderman: 2
Two determined bidders traded offers, with vendor bids in between, but the reserve remained out of reach, and the property ultimately passed in to the highest bidder.
CANTERBURY, 25 Chaucer Crescent
Agent: Annabelle Feng – RT Edgar
SOI: $4,800,000 – $5,280,000
Crowd: 50
Opening Bid: $4,800,000 VB
Passed in: $4,950,000 VB
Bidderman: 0
Auctioneer Paul Walker opened with a $4,800,000 vendor bid, which was followed by a second and third vendor bid. However this wasn’t enough to entice buyer participation, so the property was passed in at $4,950,000 (VB).
