Agile Barry Plant agents scored strong results from auctions brought forward due to the latest snap lockdown.
They delivered six-figure windfalls for sellers in Melbourne’s outer-east suburbs with last-minute auctions scheduled for Saturday, May 29.
A huge result on Thursday evening (May 27) was for a two-bedroom house at 1/6 Devon Drive, Doncaster East, which changed hands for $1.313 million.
The figure was significantly above the reserve price for the original home on 409sq m.
“We couldn’t believe the result and the price was more for a house on a normal 700sq m block,” Barry Plant Eastern managing director Spiro Drossos said.
“There were four families interested in the property and it came down to two bidders in the end.”
Mr Drossos said the ability to pivot and change strategy as a result of the snap lockdown helped deliver strong outcomes for sellers and buyers.
The agency had two more successful auctions the same evening and also sold four homes by private sale.
Four bidders turned up to bid at 2 Russell Street, Bulleen, and it sold well above reserve for $1.43 million.
And a 40-year-old unit with two bedrooms at 6/51 Lower Plenty Road, Rosanna, fetched $920,000 also well above the reserve.
Five bidders contested strongly to drive the result, which is among the highest for a two-bedroom unit in the area.
“It was a big night of auctions for us and we had to use floodlights and garage lights as it was in the dark,” Mr Drossos said.
“It just showed that no matter what time or conditions auctions are held, interested buyers would turn up and bid.”
He added sellers and buyers are now used to snap lockdowns and will not let these disrupt their buying and selling.
“Buyer confidence is out there and our agents showed they could pivot and change strategy seamlessly,” Mr Drossos added.
“We have done it before and we now know what to do.”
The agency will hold several auctions online on May 29 and Mr Drossos will call seven auctions from his home office on the day.
“We have learned from the past and are all set up and equipped to conduct auctions from home,” he said.
The result was well above the reserve price with four buyers bidding with “confidence and without hesitation”, he said.
The new owners are first-home buyers from Hawthorn who were drawn to the area because of its affordability.
The agency also sold 1776 Ferntree Gully Road, Ferntree Gully, before its scheduled May 29 auction and will conduct two more auctions online that day.