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Auction Snapshot: Saturday 21 October

October 24th 2017

What’s happening in the market…

The Domain Group highlighted that in order to buy larger blocks, buyers are moving to areas further away from their current homes. “Many of the would-be purchasers displayed a readiness to pull up stumps in suburbs such as Port Melbourne and Middle Park and buy a larger land holding in a very different area.”  Domain stated.

Auction clearance rates are remaining consistent, with auction numbers steadily rising since the Grand Final long weekend. “On Saturday, the north-east was the top regional performer with an 83.3 per cent clearance rate.” Said Domain.

Saturday 21 October
Number of auctions in Victoria: 1055
Clearance rate: 74.5%

The same weekend last year
Number of auctions in Victoria:
1198
Clearance rate: 83.7%

Auction highlights…

7 Agnew Street, Blackburn South

Ideally situated in a popular, family-friendly location within the prized Box Hill High School zone, this neat three bedroom brick veneer home offers immediate comfort, with the added appeal of excellent options to revitalise or design your dream abode (STCA). The new home owners will enjoy easy access to well-regarded government and private schools, popular recreational facilities including Gardiner’s Creek Trail and Surrey Park, Laburnum Station, Box Hill Central, Blackburn South shopping precinct and Forest Hill Chase.

Number of bidders: 4
Sale price: $1,340,000

189 Glen Iris Road, Glen Iris

Completely untouched yet majestic in stature, this double-brick Californian Bungalow is on 715 sq m approx. in a treasured and leafy neighbourhood. Requiring extensive work to restore its former beauty, there is exceptional scope to transform with a contemporary renovation, or choose to build a new substantial luxury residence (STCA). A highly sought-after family location with plenty of off-street parking and convenient to everything – congratulations to the successful purchaser!

Number of bidders: 4
Sale price:
Undisclosed

124 Blackburn Road, Glen Waverley

In the prestigious Mount Waverley Secondary College zone and close to Wesley College, The Glen Shopping Centre and multiple train stations, this expansive block is perfectly positioned for development into a dream home or a multi-dwelling site (STCA). With modern homes popping up all around it and contemporary dual occupancy properties continuing to enhance the current landscape, all in one of the most connected and convenient locations the area has to offer, this is an opportunity for the ages.

Number of bidders: 3
Sale price:
Undisclosed

11 Victoria Street, Box Hill

Designer indulgence is at the heart of this renovated and extended Californian Bungalow, boasting a spectacular position with direct rear access to leafy Victoria Rose Reserve. Elegance combines with cutting-edge in a floorplan which encourages wonderful indoor/outdoor entertaining. Features include a Gaggenau/Bosch kitchen, open dining room, under-cover deck and garden, a study, four double bedrooms and two bathrooms. Congratulations to the vendors on a fantastic result!

Number of bidders: 3
Sale price: 
$1,782,500

Auction Snapshot: Saturday 7 October

October 10th 2017

What’s happening in the market…

809 properties went to auction on the weekend with a median price of $750,000 reached, a nice change from the short break Melbourne experienced on the weekend prior due to the AFL Grand Final.

New laws may be put into place in regards to rental properties including the introduction of a fixed rental price, landlords needing to provide reasons for asking current tenants to move out and rental properties allowing tenants to have pets, reported the Domain Group.

Once again, the Reserve Bank of Australia has decided to leave the cash rate at 1.5%, unchanged since August 2016.

Domain highlighted that over 1,000 auctions are scheduled for next weekend, which is expected to continue to rise the following weeks.

Saturday 7 October
Number of auctions in Victoria: 944
Clearance rate: 74.3%

The same weekend last year
Number of auctions in Victoria:
966
Clearance rate: 79.8%

Auction highlights…

51 Tortice Drive, Ringwood North

Elevated to capture beautifully leafy views of neighbouring Parkwood Reserve, this three bedroom home features an under cover deck, polished boards, secure garden, contemporary kitchen and living room with tri-stacker door to the alfresco. The new home owners will enjoy a location only moments from Yarra Valley Grammar and Luther College, transport, North Ringwood shopping village, Eastland and Eastlink.

Number of bidders: 6
Sale price: $945,000

14 John Holland Court, Blackburn

Showcasing contemporary architecture, significant living spaces and an abundance of natural light, this renovated six bedroom home enjoys a court location. Enjoying gated access to North Blackburn Square Shopping Centre, this residence is within walking distance of buses, Blackburn High School, Koonung Park and Old Orchard primary school. Other features include a north-facing alfresco dining area, home theatre, Scandinavian timber floors and Caesarstone kitchen.

Number of bidders: 3
Sale price: 
Undisclosed

17 Simon Street, Clayton South

Situated on a quiet street in Clayton South’s hottest pocket, this light, bright and eco-friendly three bedroom home offers the best of both worlds-unbeatable location, generous allotment and nature at your door step. With enough space to renovate or redevelop (STCA) and easy access to parks, walking tracks, Clayton Central, train, bus and schools, this property is a dream for home buyers and investors. Congratulations to the lucky purchasers!

Number of bidders: 3
Sale price: 
$955,000

Auction Snapshot: Saturday 23 September

September 26th 2017

What’s happening in the market…

The Domain Group stated that “the number of first-home buyers using stamp duty concessions has more than doubled after the state government introduced several savings measures,” with over 2,100 Victorians taking advantage of the initiatives since 1 July.

On the weekend, the west was the top performing region within Melbourne, with an 87.4% clearance rate achieved, as reported by Domain. The inner-east experienced the lowest clearance rate of 64.4%. 

Saturday 23 September
Number of auctions in Victoria: 1,160
Clearance rate: 75.7%

The same weekend last year
Clearance rate: 79.6%

Auction highlights…

20 Harrison Street, Box Hill North

A spacious family abode and superb entertainer, this appealing weatherboard home offers its next fortunate owners generous living areas, zoned bedroom accommodation and an expansive north facing alfresco deck. It sits in the sought-after Box Hill High School Zone and an easy walk from Kerrimuir Primary School. Local shops are just around the corner, and the home has easy access to other shops, eateries and transport.

Number of bidders: 6
Sale price: $1.42 million

1/926 Toorak Road, Camberwell

Generous proportions and an engaging character make an instant impression throughout this classic villa unit, positioned on one easy level. Only one of four on the block and enjoying fabulous surrounds near South Camberwell Village eateries, Tooronga Village, the tram to Camberwell Junction and the train, live close to many leading schools. Congratulations to the vendors and purchasers on a great result!

Number of bidders: 5
Sale price: 
$926,000

123 Mount Pleasant Road, Nunawading

This beautiful family home includes additions that respect the character and charm of the original frontage while delivering an unrivalled attention to detail and quality of finish. Features include a private backyard, ornate cornices, high ceilings, lead light features, classic tapware and a free-standing bath. This home provides the perfect location and lifestyle for families, being located within the highly sought-after Vermont Secondary College zone and close to all the desirable amenities you could ask for!

Number of bidders: 5
Sale price: 
$1,501,500

25 Andrew Crescent, Croydon South

A landscaped block of 1,459 sq m approx. is the site of this near-new, four bedroom residence, which features two covered merbau decks. Amid a low-traffic crescent near a playground park, the home is within the Ringwood Secondary College Zone and within walking distance of Tintern Grammar, Tinternvale Primary School and Tarralla Creek. Congratulations to the lucky new home owners!

Number of bidders: 4
Sale price:
$1.235 million

5 Violet Court, Wonga Park

September 19th 2017

An Acre of Lifestyle Luxury

Amid an exclusive court, this colonial-inspired home occupies a stunning, landscaped acre (approx.) and offers a lifestyle of blissful serenity. Sprawling over 2 levels and comprising 4 robed bedrooms, children will relish their own domain upstairs where 3 dormer bedrooms with built-in robes share a family bathroom and a carpeted rumpus.

Spotted Gum floors are a feature of the primary level, gracing the entrance and independent entertaining spaces, including a formal dining and living room with an open fireplace and the family zone, where a bay window illuminates the meals area and a wood heater warms the family room, which overlooks the solar-heated pool and alfresco area.

Also enjoying pool views and a scenic outlook, the Provincial kitchen has granite benchtops, a walk-in pantry and European stainless steel appliances. French doors connect the alfresco area to the elegant master bedroom, accompanied by a fitted walk-in robe and a sumptuous full ensuite with a spa.

Additional luxury appointments include: a study, powder room, laundry/drying room, gas ducted heating, evaporative cooling, ceiling fans and split systems, along with ducted vacuum, a gym/cellar, pool bathroom, exceptional storage, capacious water tanks and a double auto garage with internal access. There are 2 (electric) gated entries, one accessing a large and versatile barn. Featuring a pot belly stove and bar, the barn provides additional vehicle, boat or machinery accommodation. However, it could also be a magnificent man cave, teenage retreat or home office.

Near Wonga Park Primary School, Kellybrook Winery and The Heritage Golf Club, this peaceful property is also close to a bus, Foodworks supermarket and the shopping centres and cafes of Chirnside Park, McAdam Square and Croydon North. It’s also a short drive to the Rudolf Steiner School, Yarra Valley Grammar, Luther and Oxley Colleges.

Click for more information about 5 Violet Court, Wonga Park

Alternatively, contact Robin Waterbury on 0408 178 070 or Linda Drysdale on 0412 107 056.