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Multiple bidders give October auctions a strong start

Corporate - Home Page
04 October 2022
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Final $1,000 bid increase wins bachelor a Wantirna home

Multiple bidders have turned up at auctions in the eastern suburbs to reward sellers of quality properties. 

Strong bidding gave the sellers of a coveted Wantirna home $131,000 above their price hopes on Saturday.

The 10 Colonial Court property (see main photo) with 30 squares of living area on a single level fetched $1.281 million with five of seven interested parties making bids. “The four-bedroom home connected with buyers because it was spacious and located in an estate of newer homes of 20-25 years,” Barry Plant Wantirna agent Dean Kehagias said.

“With the right pricing, marketing and presentation, sellers will get good results at auctions,” Mr Kehagias said.

“It is about making buyers comfortable with the price expectations of sellers.”

The bidding for the Colonial Court home started well with rises of $25,000, followed by $10,000, and then a final $1,000 increment to win the keys.

“The buyer was a single guy moving from a nearby suburb to be closer to family and he outbid buyers looking to upsize and one couple who were downsizing.”

The first Saturday of October also saw six bidders turn up at 2/5 Cassowary St, Doncaster East (see photo below), and it sold above the seller’s reserve for $1.143 million.

“Properties in that price range continue to attract strong interest and the property sold to a young couple buying their first home,” Barry Plant Manningham partner Todd Lucas said. A buyer was also found at the auction of 21 Saturn Terrace, Doncaster East (see photo below), which sold above the seller’s reserve for $1.53 million. A family of six from Officer will be upsizing to the property.

More buyers are also making strong pre-auction offers to entice owners to sell, and Barry Plant Wantirna sold three homes prior to auction and for above the seller’s price hopes.

The sellers of 2/30 Rickards Avenue, Knoxfield, (see photo below), took a firm offer of $855,000 for the 319sq m house one day prior to the October 1 auction.

A few doors down at 1/59 Rickards Avenue (see photo below), the property was snapped up  for $830,000 before its scheduled October 8 auction.

And 7 Smithfield Square, Wantirna (see photo below), also sold above the seller’s price hopes for $1.157 million after a keen buyer made a strong pre-auction offer.

The Barry Plant Group had a 74 per cent clearance rate for the week ending October 1. 

Corporate - Home Page
04 October 2022
Save Article

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