As many of our readers would already know, the Barry Plant network was asked to once again asked to assist a very special ‘vendor’, conducting a fund-raising auction of a brand-new house and land package for ‘My Room Children’s Cancer Charity’.
Our Director, Jim Hatzimoisis, was asked to conduct the auction, (as he has done over the past few years), of a brand new four-bedroom home built by Simonds Homes in the Arcadia Estate in Officer on a homesite donated by Satterley Properties, one of Melbourne’s leading land developers. This home was sold fully furnished with around $150,000 worth of builder’s upgrades and another $85,000 worth of goods donated by caring Melbourne businesses such as Adriatic Furniture, Bunnings, Harvey Norman, Salt & Pepper and A J Beard, just to name a few.
With all these donations, the entire proceeds of the auction will be going to the important cause of fighting children’s cancer at Monash Children’s Hospital. So it was exciting to see the full complement of ten bidders on site and another eleven registered to bid online.
The bidding opened at $601,000 and quickly passed the reserve of $620,000 before a spirited bidding duel continued all the way to a very pleasing $695,000. The winning bidders were a couple of first home buyers from Glen Waverley.
On a more local level, the strong buyer activity continued unabated this week. Our auction of a renovated three-bedroom villa in Proctor Crescent, Keilor Downs attracted 6 bidders onsite and a further 4 online, pushing the sale price to $658,500 which was more than 10% above our happy vendor’s reserve!
Another interesting fact for local market watchers was that our team negotiated four strong sales results in the $1 million-to-$2 million price bracket in the past week alone, confirming the strength of the upper end of the market as well. We’ll provide more details of these sales next week.
On that note, we’ll leave you to enjoy the remainder of your weekend. But if you’re considering making a move and would like to chat about the best way to achieve a result that could make a difference to your family’s life as well, be sure to give us a call this week on 9307 4000.
James Hatzimoisis & John Aaron Nakic
Directors – Barry Plant Real Estate
Caroline Springs, Taylors Lakes & St Albans