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Perfect score for four-day auction streak in the north

Corporate - Home Page
28 April 2022
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Sellers’ reserves smashed in Craigieburn, Tullamarine, Epping

Back-to-back auctions over four days have reaped 100 per cent clearance rates in Melbourne’s northern suburbs.

Barry Plant Craigieburn held auctions from Thursday to Sunday in the week beginning April 4, according to sales manager Damien Crivelli.

“We planned an auction a day and all the properties sold, well above the owners’ expectations,” he said.

Steering away from the tradition of scheduling auctions only on a Saturday, the office is now holding online and onsite auctions throughout the week.

“This reaches more people and gives buyers a chance to bid on a day other than a Saturday,” Mr Crivelli said.

“Also, the option of online auctions is becoming more popular among buyers and sellers.”

On Thursday, April 7, a three-bedroom house at 10 Wotan Drive, Epping sold at an online auction for $715,000.

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Three first-home buyers and an investor actively bid for the property and pushed the price well above the owners’ expectations, Mr Crivelli said.

The next day, a four-bedroom house at 13 Acland Street, Craigieburn, was snapped up by a second-home buyer for $765,000.

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“It was passed in at the auction and sold later after negotiation,” Mr Crivelli said.

A Saturday auction was held for a two-bedroom unit at 14/112A Mickleham Road, Tullamarine. The property tucked in a tightly held complex sold to young first-home buyers from Glenroy for $515,000.

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“Homes in this area don’t come up for sale very often,” Mr Crivelli said.

And to complete a week of successful auctions, a freshly painted three-bedroom house at 15 Waterbird Link, Craigieburn, sold on Sunday for $617,000, well beyond the owner’s expectations.

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Three first-home buyers competed for the property that was snapped up by a buyer who saw the property for the first time on auction day, according to Mr Crivelli.

“He was just driving past, stopped when he saw the sign, took a look at the home, and joined in the bidding,” he said.

Mr Crivelli noted that this was a common occurrence among first-home buyers in the area.

“They view the property for the first time on the day of the auction, bid for it and buy it,” he said.

“This seems to be less stressful for them as they don’t have time to overthink the process which can sometimes be overwhelming.”

In the week prior, four bidders battled for a four-bedroom house at 5 Westerfolds Loop, Craigieburn.

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The online auction held on a Thursday delivered an awesome result for the owners of the property, as it sold for $860,000, Mr Crivelli said.

“Demand for homes in Craigieburn and surrounding suburbs remains high as they offer the best value for money if you are looking at proximity to the CBD,” he added.

Corporate - Home Page
28 April 2022
Save Article

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