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Buyers knock off competition at hotly contested winter auctions

Real estate & property news
10 July 2024
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Aggressive bidding by a buyer's advocate has won the keys to a Ringwood home for a mother and daughter.

The four-bedroom house at 13 Ripley Court sold under the hammer for $1.33 million on July 6.

Four buyers registered to bid at the Ringwood auction but only two put up their hands, according to Barry Plant Heathmont & Ringwood sales manager and partner Jay Carroll.

The buyer’s advocate kicked off the auction with a $1.26 million bid, which was above the top of the price guide.

“He got straight down to business and scared off the competition,” Mr Carroll said.

“There was no mucking around.”

However, the bidder’s tactics did not deter a young first-home buyer couple from taking on the challenge.

“They put up a brave fight and went head to head with him, but missed out in the end,” Mr Carroll said.

“They had been house-hunting for months.”

Well maintained by the owners who had lived there for more than 30 years, the updated property with two living areas and large bedrooms ticked all the boxes for families.

SOLD 13-ripley-court-ringwood-vic-3134

“Nearly 70 groups inspected the home and a big crowd of onlookers turned up on auction day,” Mr Carroll said.

Investors and first-home buyers flock to auctions in Glen Waverley, Williams Landing, Frankston

A mother and daughter were also successful at a Glen Waverley auction held at 2/7 Carramar Avenue on the same day.

The pair snapped up the renovated two-bedroom unit for $724,000, according to Barry Plant Waverley sales manager Tony Ievoli.

Four bidders, including two who were competing on the phone, drove the price above the $650,000 reserve, he added.

“The mum beat off the underbidder, who was an investor,” Mr Ievoli said.

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The single-level home is one of four on the block in the Glen Waverley Secondary College zone, and near the train station and The Glen shopping and dining precinct.

However, in Frankston, an investor was the successful bidder at the auction for the four-bedroom house on 860sq m at 7 Margate Avenue, which sold for $952,500, a price well above expectations!

Four buyers registered to bid for the renovated family delight and three put their hands up, according to Barry Plant Frankston director Thomas Larkin.

“They were all attracted to the spacious and renovated hacienda-style house, big block and development potential,” he said.

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“The option to keep the front house and build at the rear was an excellent opportunity.”

The buyer from the CBD, planned to hold on to the house and rent it out, Mr Larkin added.

Offering good value and potential, the property’s location in the Frankston High School zone and near Monash University and Frankston Hospital was also a drawcard.

The Barry Plant Group recorded a 92 per cent auction clearance rate for the week ending July 6, with a total of 44 properties sold.

Real estate & property news
10 July 2024
Save Article

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