3 Bradley Pl, Boronia
Sold under the hammer for $1.111 million - $141,000 over reserve
Lead agent: Matthew George - 0431 632 127
Ray White Ferntree Gully
10 registered bidders, five active
Auctioneer: Jeremy Tyrrell
The sellers (pictured above left with buyers) had owned the home for 26 years and were downsizing and relocating to Druin.
The winning bid went to a young couple buying their first home, they were previously renting in the city.
“Where we are there is a lack of stock which is driving results like this, theres a lot less stock than we would usually see,” Mr George said.
“Whereas in some of the more beachy areas there’s a lot more stock. People are selling their holiday homes.”
32 Avisha Way, Greenvale
Sold under the hammer for $791,000 - $101,000 over reserve
Lead agent - Dom Zampaglione - 0414 453 365
Ray White Gladstone Park
8 bidders
Auctioneer: Malek Younan - 0411 504 016
The sellers (pictured above) were a young family looking to upsize, while the buyer was downsizing from the same suburb.
“Most of the bidders were young families. We had really strong interest in this property,” Mr Younan said.
“Supply is still very low in this area which is driving great results.”
16 Arunta Crescent, Clarinda
Sold under the hammer for $1.282 million - $432,000 over reserve
Lead agent: Kimi Meng
Ray White Burwood
18 registered bidders, 8 active
The sellers were a couple who were downsizing while the winning bid went to a family who were first home buyers.
“We had a range of buyers including investors, developers and home buyers,” Mr Meng said.
“The vendors were very reasonable with their reserve which attracted a lot of people looking in that price range. The house came with a big block.
“Based on the number of inspections, buyer demand is still strong. We had more than 100 groups through during the four week campaign.”
6/20 Victoria St, Williamstown
Sold under the hammer for $1.108 million - $108,000 over reserve
Lead agent: Joanne Royston - 0402 996 622 (pictured above with auctioneer Dean Stanley)
Ray White Williamstown
Four bidders
Auctioneer: Dean Stanley, Ray White
The buyers were a young family who loved the location as it had views of the beach.
The seller was an investor who lived in the home years ago and the rented it out prior to selling.
“While its sad investors are selling and there’s less rentals on the market, it means more properties are hitting the market," Ms Royston said.
“There’s not a lot of stock on the market at that moment, so this just means there’s more affordable opportunities for buyers.”
BRISBANE
Ray White Queensland chief auctioneer Gavin Croft said listings volumes were on the rise.
“It’s been a fantastic week for auctions with well over 100 auctions scheduled throughout Brisbane this week. Volume has been sitting around 50-60 auctions per week for the last few weeks,” he said.
“We’re seeing the market open up with some more listings, meaning there’s more choice for buyers.
“Buyers will be pleased with the buoyancy and depth of auction listings starting to come through as we work towards spring.
“Even with the increased volume of listings, registered bidders at my auctions today sat at an average of four registered bidders per auction.”
76 Crescent Road, Hamilton
Sold under the hammer for $5.2 million
Lead agent: Tom Lyne
Ray White New Farm
Five registered bidders, two active
Auctioneer: Haesley Cush, Ray White
The sellers built the home a few years ago and were now downsizing. The buyers were a local family looking to live in the home.
“We had strong interest with 120 groups through the home prior to auction,” Mr Lyne said.
“We had interest from local, interstate and even international buyers, with interest coming from a buyer in Portugal.
“It was a turnkey property which was architecturally designed. It has amazing views in an elevated position.
“The market is still really firm. There’s two types of buyers in the market at the moment, those gravitating to turnkey homes, and another level of wealth who are still going towards major renovations and rebuilds.”
855-857 Wynnum Road, Cannon Hill
Sold under the hammer for $1.04 million
Lead agent: Selina McIntyre
Ray White Bulimba
10 registered bidders, six active bidders
Auctioneer: Haesley Cush
The buyer was an investor who plans to rent out the property and then develop. The seller had lived there since he was 12 and is now 95.
“We had a mix of interest but it was mostly developers or land bankers. People were even looking at it for commercial use,” Ms McIntyre said
“It was 864 sqm over two lots. We had a town planning report done which allowed all buyers to understand what they can do with it.
“It’s in a great location for commercial use because it's on Wynnum Road. Across the road there’s an early childhood centre, a massage therapist, cafes, and plenty of other uses surrounding the property.”
ADELAIDE
Ray White South Australia chief auctioneer John Morris (pictured above) said there had been plenty of action in the auction market over the last few weeks.
“If it weren’t for the cold weather in and around Adelaide at the moment, you could be forgiven for thinking it’s spring time in South Australia with the unseasonably high amount of auctions that are going ahead,” Mr Morris said.
“We’re seeing the highest volume of July auctions for a couple of years, which is reflected in our clearance rates which are sitting well into the 80th percentile, with an average of 6.1 registered bidders per auction.
“Over the last couple of weeks 45 per cent of all auctions in and around Adelaide have been flying the yellow flag of Ray White.”
24 Beatrix Drive, Craigmore
Sold under the hammer for $885,000 - $135,000 over reserve
Lead agent: Bailey Truscott - 0452 267 602
Ray White Gawler East
13 registered bidders, five active
Auctioneer: Ross Whiston, Ray White
The buyers were locals who already owned a property on the same street. They bought the property for their son to rent from them and renovate it back to its former glory.
“It was a very unique property. It was a 4000 sqm block which isn't something you see very often in that suburb.
“It’s very tightly held. The last sale on that street was 1.5 years ago and the sale before that was three years ago.
“The property wasn't in the best condition so there was plenty of opportunity for people to renovate and make it their own.
“Buyers were all attracted to the land size, house size, and location.”
