Melbourne Auction Results | 19 December 2015
Already using Social Media? Follow Amalain.com.au
for the latest about tips and tricks when it comes to buying a home and hiring a buyers advocate.
Melbourne achieved a 69 percent clearance rate yesterday during auctions that included 717 properties. Of the total, 529 properties were reported and 374 were sold. The total volume of sales recorded was more than $215 million.
Melbourne’s auctions this weekend was more than double Sydney’s numbers making it the city’s biggest pre-Christmas weekend on record, according to the Domain Group. This is proof of the different levels of confidence of sellers in the two markets, said Domain senior economist Andrew Wilson.
11 Sapphire Street Essendon West
Auctioneer Jamil Allouche from Ray White led the auction today in front of a crowd of 60 people. SkyNews turned up to cover the auction of this original home on a block of land that would be an ideal new home site, just one street over from highly sought after St Bernards College.
The auction opened on a bid of $500,000 and this was quickly countered with a bid of $600,000 from the crowd. The bid further increased in steady $10,000 rises from there.
At $760,000, the property was declared on the market. With six bidders, it became a race between two bidders, with the bidding stalling at $900,000. A bid of $901,000 was quickly countered with a bid of $910,000. The auctioneer managed to elicit a further bid of $911,000, again quickly countered with a bid of $920,000. The property was sold to this bidder at $920,000.
In Victoria, a 70 percent clearance rate was recorded compared to last week’s 67 percent. A total of 633 properties were reported to the Real Estate Institute of Victoria (REIV) with 443 selling and 190 being passed in. Of those passed in, 68 were on vendor bid.
A total of 96 properties were sold before auction while 347 were sold during auction. A total of 338 private sales were noted while there were 453 auctions for houses, 169 for flats and apartments and 11 for vacant land.
This year is considered the strongest for Victoria’s auction market setting a record of 44,000 auctions. The next auction weekend is scheduled for late January.
Looking to buy in Melbourne and sick of missing out at auction? Thinking of selling and wanting trusted, impartial advice and hand holding to protect your interests throughout the entire selling process? Talk to us about how WE MAKE IT EASY to buy or sell your home.
Call us now on 03 8609 1234 for a confidential free consultation.
By Amalain Buyer & Vendor Advocates
Copyright 2016 | All Rights Reserved
WANT TO USE THIS ARTICLE?
You can as long as you include the following (links must be active):
Amalain does all of the leg work on behalf of the buyer or seller. From sourcing, analysing, negotiating and bidding at auction for our buying clients, to choosing the most appropriate selling agent, negotiating a fair and reasonable selling commission as well as implementing the most cost effective marketing campaign for our selling clients, we offer trusted impartial advice to protect your interests throughout the entire buying or selling process. We charge a LOW FLAT FIXED FEE for our buyers. For our sellers, this service is provided FREE of charge. WE MAKE IT EASY to buy or sell your home. Call NOW for a confidential FREE CONSULTATION on 03 8609 1234 or visit www.amalain.com.au.
With a passion for financial empowerment through real estate and the leverage of passive income, Michelle started investing over 17 years ago, implementing diverse investment strategies to build her portfolio. Easily able to build rapport and empathise with others, she is a master negotiator who loves challenges and problem solving. Michelle’s tenacious nature and unwavering commitment to achieving the task at hand ensures that her clients always achieve the best possible outcome. Call NOW for a confidential FREE CONSULTATION on 03 8609 1234 or visit www.amalain.com.au.
Wendy is an avid real estate investor with nearly two decades of experience in buying and selling her own properties applying multiple investment strategies. Her expertise, knowledge and skill at negotiation dovetails perfectly with her passion as a buyer and vendor advocate. Her upfront, no nonsense approach ensures that her clients’ interests are always the priority when it comes to achieving success for her buyers and sellers. Call NOW for a confidential FREE CONSULTATION on 03 8609 1234 or visit www.amalain.com.au.
The information on this website is educational in nature. The information is offered with the understanding that the author and publisher are not engaged in rendering medical, psychological and or financial services. The information is not intended to be a substitute for professional advice nor a substitute for legal, business, financial or tax advice. This information is general advice, as each person’s
situation is different and you should consult your advisor before taking any action. The reader assumes full responsibility if using any of the information. The authors and Amalain Pty Ltd specifically disclaim any liability resulting from the use or application of this information and the reader is advised to consult their financial advisor or broker before taking any action. Before using this website and reading the content you should read our website terms and conditions.