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Auction Snapshot: Saturday 27 May

May 29th 2017

What’s happening in the market…

The weekend’s clearance rate was the lowest for the year, however, it was still 4% higher than the clearance rate achieved on the same weekend last year.

The Domain Group reported that land with development opportunities were the most popular on the weekend. They also reported that properties with demolishing and rebuilding appeal, “tended to attract greater buyer depth compared to the bidder numbers seen at auctions of period homes on Saturday, although there were several runaway sales of modernised Victorian and Edwardian houses.”

Saturday 27 May
Number of auctions in Victoria: 1,012
Clearance rate: 77%

The same weekend last year
Number of auctions in Victoria:
1,049

Clearance rate: 73%

Auction highlights…

72 Zetland Road, Mont Albert

A charming, semi-detached period home with a brick facade, high ceilings and bay windows. The four bedroom home has an open fireplace in both the lounge and dining room, and features a new kitchen, a backyard and a deck. Ideally located close to transport, restaurants, a hospital and Box Hill Central.

Number of bidders: 3
Sale price: $1.462 million

109 Maud Street, Balwyn North
 
A modest two bedroom home located on the high side of the street, just metres from Balwyn High School, and close to transport, schools, shops and Macleay Park. The home features an open fireplace, French doors that open out to the backyard, and an opportunity to build a new home (STCA).

Number of bidders: 3
Sale price: $2.367 million

2/24 Boronia Grove, Doncaster East

Three bedroom, two bathroom townhouse in a group of three. The home features an alfresco area, split-level floorplan and a double auto garage. Well-suited to families or downsizers, schools, shops, transport, Koonung Creek Trail and Boronia Grove Reserve are all located close by.

Number of bidders: 3
Sale price: $871,000