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Huge bidding duels still heating the summer market

Real estate & property news
01 December 2018
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It was interesting to watch some of the reactions from interested onlookers this weekend as they came face to face with the reality that whilst the Spring market of 2018 had officially ended, the competitive instincts of a number of highly motivated buyers certainly hadn’t! Indeed, the first day of the Summer sales season saw some very intense bidding duels, with one auction in particular recording a total of 111 bids before the auctioneer’s gavel fell!

Among the start of the Summer seasons more notable results were:

8A Herbert Street, Avondale Heights

Situated within walking distance of the Maribyrnong River Trail, the shops on Military Road and Avondale Primary School, this brand new 7-star energy rated town residence offered modern family-friendly accommodation via three bedrooms and a study, and achieved an excellent mid-week sale after some strong negotiations.

3/5 Grice Crescent, Essendon

An ideal opportunity to invest for the future or to get your foot in the door of the popular Windy Hill precinct, this light-filled 2-bedroom apartment on the first floor of well-maintained block of ten enjoyed easy access to trains, trams and shops. A sale at $443,000 exceeded many people’s expectations.

12/36 Fletcher Street, Essendon

This low maintenance 2-bedroom villa unit was another one that attracted good interest from both investors and first home buyers. Enjoying a similarly convenient location to the apartment above, this week’s auction saw four bidders produce a sale at $542,000 which was well above our happy vendor’s reserve.

43 Spence Street, Keilor Park

The appeal for younger families of this 4-bedroom home on around 723sqm was clear given the close proximity to the pre-school and parks. So clear, in fact, that a convincing early offer of $850,000 saw the sold sticker going up during the week rather waiting for this week’s scheduled auction.

17 Learmonth Street, Moonee Ponds

A classic Victorian façade with Hawthorn bricks and a lace-fringed verandah, a carefully considered internal update reflecting 21st century innovation and a superb location, moments from elite schools, trains and the Puckle Street precinct were factors in the strong buyer interest in this attractive home (pictured). A strong campaign saw 111 bids, (yes, you read that correctly), placed before the SOLD sticker went up at more than $100,000 above the reserve. If you’d like to view this amazing auction in full, you can watch the video on THE GAVL WEBSITE

Keep in mind that if you have any questions about the best way to make the most of the Summer ahead, whether you are buying, selling or leasing, you can give our team a call at any time. We look forward to being of assistance.

Real estate & property news
01 December 2018
Save Article

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