Melbourne’s first Super Saturday auctions for the year, when more than 1000 properties went under the hammer, have delivered jaw-dropping results.
The auction clearance rate on February 20 was a high 88 per cent for the Barry Plant network, with 58 of the 66 properties sold.
All three properties auctioned by Barry Plant Rosebud changed hands for prices well above the vendors’ reserves, according to director, Craig Leo.
The properties attracted Melbourne buyers seeking holiday homes, Mr Leo said.
“They are getting more value for money and a better lifestyle here on the peninsula,” he said.
A Melbourne buyer defeated seven bidders to win the keys to a three-bedroom 1930s art deco house at 34 Ninth Ave, Rosebud. The buyer paid $976,000, a whopping $126,000 above the reserve.
It took only three bids to acquire a three-bedroom house on a 976sq m block at 1 Murawa Drive, Rosebud, featuring rural and sea views.
A Melbourne buyer triumphed over two bidders with a knockout $800,000 bid, a massive $100,000 above the reserve, to secure the home.
In a fierce contest, six bidders pushed up the price of a three-bedroom beachside house at 48 Cootamundra Ave, Capel Sound, to $620,000, a huge $70,000 above the reserve.
In Narre Warren, a four-bedroom house on a 747sq m block at 4 Haven Court was snapped up by a local developer for $730,000, an awesome $70,000 above the reserve, according to Barry Plant Berwick’s Gabriel Nigro.
Four bidders battled for the property, which was tucked in an activity centre zone near Fountain Gate shopping centre, transport and schools.
“There is an incredibly strong market in the area where buyers are attracted to houses ripe for renovation and bigger blocks ideal for redevelopment,” Mr Nigro said.
Meanwhile, nine out of 10 properties scheduled for auction by Barry Plant Taylors Lakes, changed hands, including one in Hillside and another in Keilor Downs that sold before Saturday.
In Taylors Hill, seven bidders competed for the four-bedroom house in a family friendly pocket at 31 Peppermint Grove. It fetched $745,000 or $95,000 above the reserve, according to director, James Hatzimoisis.
Nearby in Taylors Lakes, one of three bidders, a young couple from Coburg, forked out $828, 000 for a four-bedroom house with a stunning outdoor entertainment zone at 4 Leichardt Close.
Barry Plant Doncaster East achieved an 85 per cent auction clearance rate on Saturday, according to director, Mark Di Giulio.
One of four bidders, a young family splashed $1.95 million or a whopping $100,000 above the reserve on a stylish three-bedroom house at 6 Rocklea Rd, Bulleen, Mr Di Giulio said.
Barry Plant Glenroy sold five of the six properties scheduled for auction on Saturday, including a four-bedroom house at 6 Helen View, Glenroy, which changed hands for $1.004 million, a total of $64,000 above the reserve.
A four-bedroom house at 13 Win-Malee St, Hadfield, was snapped up for $930,000 before the auction by a buyer from Torquay, according to auctioneer Roy Khoder.
In Pascoe Vale, more than 100 people watched nine bidders battle for a two-bedroom unit at 1/143-145 Essex St,which sold to a first-home buyer from Essendon for $682,000.
And a second-home buyer from Cranbourne splashed $1.010 million, a massive $150,000 above the reserve, on a four-bedroom house at 9 Kennedy St, Glenroy, Mr Khoder added.