Home > Auction News > Auction Snapshot: Saturday 3 June

Subscribe to our forum

Receive new forum posts by email

FREE Property Appraisal

Click here to request property appraisal

Sign Up for our publications

Click here to sign up for our publications

Archives

Auction Snapshot: Saturday 3 June

June 5th 2017

What’s happening in the market…

The Domain Group revealed a change to the 2017 budget that nearly went unnoticed. Property industry experts warn the change will affect a huge proportion of the market. When a property is sold for $750,000 or more, sellers have to provide proof that they are not a “foreign investor”, otherwise the ATO will receive 12.5% of the sale. Currently this only occurs at a rate of 10% for properties sold for $2 million or above. Click here to read the full article.

Saturday 3 June
Number of auctions in Victoria: 861
Clearance rate: 78%

The same weekend last year
Number of auctions in Victoria:
843

Clearance rate: 75%

Auction highlights…

35 Foch Street, Box Hill South

This three bedroom, two bathroom weatherboard home has been recently renovated, turning the charming residence into a modern vision with design flare. Featuring an indoor/outdoor entertaining area, a north-facing deck, open-plan living/dining areas and a generous kitchen, the home is well suited to families and those who love to entertain. Both our vendors and the successful purchasers were thrilled with the result!

Number of bidders: 2
Sale price: $1.49 million

2 Linnaker Place, Kew

A sleek two storey home with four bedrooms and three bathrooms, located within the Kew High School Zone. The residence features a great deal of space for family living, a rear decking, mountain views and treed surrounds.

Number of bidders: 1
Sale price: $1.8 million



9 Elm Tree Road, Doncaster
 
An original three bedroom timber home located only a short walk away from Westfield Doncaster, and zoned for Doncaster Secondary College and Primary School. Features include an open fireplace, a 774 sq m (approx.) block and a secure carport. The residence has the opportunity to renovate, redevelop or subdivide (STCA).

Number of bidders: 4
Sale price: Confidential