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News TO AUCTION OR NOT TO AUCTION?

TO AUCTION OR NOT TO AUCTION?

08 June 2024
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Another fabulous day for the Barry Plant Eastern Group sales team as Melbourne delivered a classic winter's Saturday.

The auction results were strong with several auctions leaving expectations in their wake as bidders pushed prices to new benchmark levels... This got me thinking; Is auction really the standout sales method for everyone?

Certainly, there were results achieved today and on most weekends that would NEVER have been achieved as a private sale. Buyers clearly pushing themselves way past what they wanted to pay in an effort to clinch their dream. They pay the higher price not because they want to, but because they have to. It’s not until they are eyeball to eyeball with a competitor who is about to take the keys to the home of their dreams that they make that extra bid, then another and another. There is no way more Melbourne to sell a property, than a public auction on a Saturday afternoon. But is it for everyone?

Perhaps not. For properties that are in categories where there is often only one buyer in the market at any one time, a private sale or expression of interest campaign may be a better fit. For truly unique homes where there may be a great divide between what one buyer may pay compared to another, an auction may not be the best vehicle to maximise price. Of course, the owners’ own thoughts and preferences also come into play, as individuals often have strong convictions on just how they plan to sell their property.

There is no right and wrong but there is definitely a skill, drawn from years of experience in a marketplace on making the choice on whether to auction or not.

If you want to talk about what might be best for your upcoming sale, the team at Barry Plant are ready to listen. We like to hear your thoughts, plans, preferences and, concerns before we make suggestions. It’s the consultative approach we take to all of our dealings. It’s what we do and how we do it that has created our reputation as the safe and reliable choice for sellers. After all, we’re just people helping people to navigate their way to the best result for their home.

See below our impressive sales activity for the week:

  • 9 Wallara Close, Doncaster East sold for $1,560,000
  • 90 Lyon Road, Viewbank sold for $1,320,000
  • 6 Morrison Crescent, Doncaster sold for $1,315,000
  • 1 Athenry Terrace, Templestowe sold for $1,135,000
  • 11 Tivey Street, Reservior sold for $915,000
  • 401/13-15 Goodson Street, Doncaster sold for $822,200
  • 10 Reark Court, Templestowe sold!
  • 10a Hampshire Road, Doncaster East!
  • 18 Elata Street, Oakleigh South!
  • 305/3-11 Mitchell Street, Doncaster East!
  • 309/20 Hepburn Road, Doncaster!
  • 4 Leon Court, Donvale!
  • 55 Bamfield Road, Heidelberg Heights!
  • 57 Jumping Creek Road, Wonga Park!

Currently under offer and will be sold soon:

  • 4/45 Sherbourne Road, Montmorency
  • 1200 Yan Yean Road, Doreen
  • 30 Bradman Terrace, Epping
  • 7 Park West Road, Eltham
  • 5/29 Taparoo Road, Templestowe
  • 2 Selwyn Court, Templestowe
  • 15 Saxon Street, Doncaster
  • 68-70 Brushy Park Road, Wonga Park
  • 406/91-93 Tram Road, Doncaster
  • 6 Calderwood Street, Bulleen
  • 28 Valley Way, Warrandyte
  • 10 Davis Road, Wonga Park
  • 4/1 Ware Crescent, Ringwood East
  • 6 Rivulet Place, Warrandyte
  • 21 Chelmsford St, Balwyn North

Spiro Drossos

Managing Director

Barry Plant Eastern Group

08 June 2024
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