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Buyers in the north spring to action at Super Saturday auctions

First home buyers
07 November 2022
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Homes selling early in Tullamarine

Victoria’s first spring Super Saturday of auctions delivered stellar results across Melbourne’s northern suburbs.

Six of seven auctions held on October 22 by Barry Plant Bundoora were successful, according to director David Moxon.

“All six were well presented, turnkey homes,” he said.

“The one that didn’t sell needed work and an update.”

Homes that were move-in ready attracted strong attention and if priced well achieved results within or above the seller’s expectations.

“These received good attendances at opens, and two to four bidders at auctions,” Mr Moxon said.

Four local bidders battled for the modern three-bedroom townhouse at 2/1 Meagher Street, Watsonia, which sold to a first-home buyer for $936,000.

The young couple with a child outbid retirees to buy the home, which sold $50,000 above the reserve.

“This home is only 18-months-old and in a handy location,” Mr Moxon said.

“It was well received, especially for its layout with the main bedroom and ensuite at ground level.”

And a renovated three-bedroom house at 4 Regan Court, Bundoora, sold $15,000 above the seller’s reserve, for $915,000.

Four bidders competed for the stylish entertainer’s home with a pool, and a couple with young children won the keys, Mr Moxon said.

In Greenvale, first-home buyers outbid investors to snap up a modern four-bedroom house at 39 Vermilion Drive, according to Barry Plant Gladstone Park agent Phong Ho.

The property sold above expectations for $695,000, mainly because of its presentation and location, Mr Ho said.

Also in the same suburb, a charming four-bedroom house at 87 Frontier Avenue, attracted three registered bidders and sold after the auction for $805,000.

“The buyers were living on a large acre block in the older part of Greenvale,” Mr Ho said.

“They wanted to stay in the area at a lower-maintenance property.”

Several homes in Tullamarine have sold before auction, including 2/131-133 Mickleham Road, which was snapped up by first-home buyers from Pascoe Vale.

“The seller accepted an early offer of $425,000, which was above their expectations,” Mr Ho said.

And, an updated two-bedroom villa priced at $440,000-$480,000 at 16/112A Mickleham Road, sold early for $510,000 to a local first-home buyer.

“There were multiple offers by qualified buyers ready to go,” Mr Ho said.

Of the reported results across the Barry Plant group, 55 of the 67 properties sold in the week ending October 23. The clearance rate of 82 per cent was up 15 per cent from the previous week.

In images 1/62/1 Meagher Street, Watsonia, 3087
First home buyers
07 November 2022
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