Home > Uncategorized > Market Update | 17 & 18 July 2021

Market Update | 17 & 18 July 2021

𝐌𝐞𝐥𝐛𝐮𝐫𝐧𝐢𝐚𝐧𝐬 𝐰𝐞𝐫𝐞 𝐩𝐥𝐮𝐧𝐠𝐞𝐝 𝐢𝐧𝐭𝐨 𝐚𝐥𝐥 𝐭𝐨𝐨 𝐟𝐚𝐦𝐢𝐥𝐢𝐚𝐫 𝐭𝐞𝐫𝐫𝐢𝐭𝐨𝐫𝐲 𝐥𝐚𝐬𝐭 𝐓𝐡𝐮𝐫𝐬𝐝𝐚𝐲, 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐚𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐦𝐞𝐧𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐟𝐢𝐟𝐭𝐡 𝐬𝐭𝐚𝐭𝐞-𝐰𝐢𝐝𝐞 𝐥𝐨𝐜𝐤𝐝𝐨𝐰𝐧 𝐛𝐞𝐜𝐚𝐮𝐬𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐩𝐚𝐧𝐝𝐞𝐦𝐢𝐜. 𝐖𝐢𝐭𝐡 𝐨𝐯𝐞𝐫 𝟏,𝟎𝟎𝟎 𝐚𝐮𝐜𝐭𝐢𝐨𝐧𝐬 𝐬𝐜𝐡𝐞𝐝𝐮𝐥𝐞𝐝 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐰𝐞𝐞𝐤𝐞𝐧𝐝, 𝐯𝐞𝐧𝐝𝐨𝐫𝐬 𝐰𝐞𝐫𝐞 𝐟𝐨𝐫𝐜𝐞𝐝 𝐭𝐨 𝐪𝐮𝐢𝐜𝐤𝐥𝐲 𝐝𝐞𝐜𝐢𝐝𝐞 𝐰𝐡𝐞𝐭𝐡𝐞𝐫 𝐭𝐨 𝐛𝐫𝐢𝐧𝐠 𝐭𝐡𝐞𝐢𝐫 𝐩𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐚𝐮𝐜𝐭𝐢𝐨𝐧 𝐟𝐨𝐫𝐰𝐚𝐫𝐝 𝐭𝐨 𝐓𝐡𝐮𝐫𝐬𝐝𝐚𝐲 𝐧𝐢𝐠𝐡𝐭, 𝐦𝐨𝐯𝐞 𝐭𝐨 𝐚𝐧 𝐨𝐧𝐥𝐢𝐧𝐞 𝐚𝐮𝐜𝐭𝐢𝐨𝐧, 𝐨𝐫 𝐩𝐨𝐬𝐭𝐩𝐨𝐧𝐞.

Our vendors at 8 Golden Ridge Drive in Croydon Hills opted for a dusk auction on Thursday night. Offering broad appeal, the contemporary family home attracted six bidders, with the property selling under the hammer for $1,052,000. Our Blackburn and Ringwood teams worked together seamlessly to achieve an excellent result!

In Burwood East, the auction of 49 Hilltop Crescent was also brought forward to Thursday night. The immaculate brick home offered scope for renovation and saw five bidders compete for the opportunity. The property sold under the hammer for $1,425,000.

By the weekend, auctions moved online to comply with the current government restrictions. Auctioneer Rod Burton fielded bids from 7 parties at the auction for 1A Pearwood Street in Ringwood. Most bidders opted to place their bids via the chat function, each trying to place the winning bid to secure the single-level home. It wasn’t until the very pointy end of the auction, when a new bidder emerged, after waiting patiently for most of the auction. Calling out his bid the “old-school” way, he went on to place the winning bid and would become the new owner of 1A Pearwood Street.

We encourage you to keep up to date with changes on our website to auction dates, times, and locations. As we await further news on restrictions, many auctions are being moved online and/or their times being updated.

My team and I will be holding an online auction at 5pm tonight for 3/289 Mont Albert Road in Surrey Hills.

Our sales and property management teams continue to work remotely and are available to assist you with any questions you may have. Be safe and well.

Categories: Uncategorized
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