Sizzling start to summer sales as buyers pounce
Sellers score big at midweek and weekend pre-auctions, auctions and private sales
Melbourne sellers scored top results as buyers snapped up properties at auctions and private sales to kick off the summer market.
Buyers shelled out big bucks for homes throughout the city, with several outstanding sales in the east and outer-east suburbs.
Two sales above $2 million were recorded in Warrandyte, with 307 Tindals Road fetching $2.3 million on December 11. The luxury resort-style home on 4038sq m has stunning views and includes a floodlit tennis court and a swimming pool.
Another majestic residence at 5 Shelagh Court sold on December 7 for $2.12 million.
The 4100sq m property in an exclusive pocket in the suburb offers grand living areas and five-star outdoor entertainment set-up.
In Donvale, a five-bedroom house on 40003sq m at 108-110 Old Warrandyte Road changed owners for $2.295 million on December 11.
The family sanctuary combines old world charm with modern luxuries and features a tennis court and a swimming pool.
In Mitcham, 16 Simpson Street, sold for just under $2 million before auction on December 9. The four-bedroom house on 832sq m blends period style with modern luxury and sold for $1.98 million or well above the seller’s price hopes of $1.58-$1.73 million.
Also selling on the same day was a property closer to the city in Brunswick East at 1 Sedgman Street. The contemporary house with three bedrooms changed hands for $1.847 million.
In Keilor East, 12 Stroner Avenue, a four-bedroom house in 599sq m, sold for $1.53 million under the hammer.
Barry Plant agents said the warmer weather on the weekend of December 10-11 was accompanied by intensity in the market.
There were strong results across the eastern suburbs with buyers determined to buy a home prior to Christmas, according to Barry Plant Manningham managing director Spiro Drossos.
He said multiple bidders competed strongly at the majority of the auctions with one auction in Doncaster generating 95 bids in a 50-minute battle to the finish line.
Barry Plant offices reported an auction clearance rate of 75 per cent from 76 auctions, with 57 properties sold for the week ending December 10.
Barry Plant Essendon director Bill Karp noted buyers had good reason to smile at auctions as “they focused on bringing their property dreams to reality before the Christmas break”.
He added its agents achieved several strong results for sellers, with six bidders pushing the auction of 2/121 McNamara Avenue, Airport West, well past the expected price to end at $599,000. Bidders for the two-bedroom unit included retirees, investors and market entrants.
Also sold under the hammer in the suburb was 2/37 Walters Avenue, with the two-bedroom villa commanding a $630,000 result.
In Donvale, a large acreage home at 7 Limassol Court sold midweek for $1.97 million, while a three-bedroom apartment in the city at 704/90 Lorimer Street, Docklands, fetched $1.85 million in the first week of summer.
Also selling for a strong price was 6 Rothesay Avenue, Mornington, which was purchased for $1.67 million.