Tim Heavyside

𝐌𝐀𝐑𝐊𝐄𝐓 𝐔𝐏𝐃𝐀𝐓𝐄 | Last 𝐰e𝐞𝐤𝐞𝐧𝐝 𝐬𝐚𝐰 𝐭𝐡𝐞 𝐜𝐨𝐦𝐛𝐢𝐧𝐞𝐝 𝐜𝐚𝐩𝐢𝐭𝐚𝐥 𝐚𝐮𝐜𝐭𝐢𝐨𝐧 𝐯𝐨𝐥𝐮𝐦𝐞 𝐚𝐜𝐫𝐨𝐬𝐬 𝐭𝐡𝐞 𝐧𝐚𝐭𝐢𝐨𝐧 𝐣𝐮𝐦𝐩 𝐚𝐧 𝐚𝐬𝐭𝐨𝐧𝐢𝐬𝐡𝐢𝐧𝐠 𝟓𝟐 𝐩𝐞𝐫 𝐜𝐞𝐧𝐭 𝐜𝐨𝐦𝐩𝐚𝐫𝐞𝐝 𝐭𝐨 𝐥𝐚𝐬𝐭 𝐰𝐞𝐞𝐤, 𝐚𝐬 𝐫𝐞𝐩𝐨𝐫𝐭𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐃𝐨𝐦𝐚𝐢𝐧 𝐆𝐫𝐨𝐮𝐩. 𝐓𝐡𝐞 𝐫𝐢𝐬𝐞 𝐡𝐞𝐫𝐞 𝐢𝐧 𝐌𝐞𝐥𝐛𝐨𝐮𝐫𝐧𝐞 𝐜𝐚𝐧 𝐛𝐞 𝐝𝐢𝐫𝐞𝐜𝐭𝐥𝐲 𝐚𝐭𝐭𝐫𝐢𝐛𝐮𝐭𝐞𝐝 𝐭𝐨 𝐭𝐡𝐞 𝐞𝐚𝐬𝐢𝐧𝐠 𝐨𝐟 𝐫𝐞𝐬𝐭𝐫𝐢𝐜𝐭𝐢𝐨𝐧𝐬 𝐫𝐞𝐥𝐚𝐭𝐢𝐧𝐠 𝐭𝐨 𝐭𝐡𝐞 𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐭𝐨 𝐜𝐨𝐧𝐝𝐮𝐜𝐭 𝐢𝐧-𝐩𝐞𝐫𝐬𝐨𝐧, 𝐩𝐫𝐢𝐯𝐚𝐭𝐞 𝐢𝐧𝐬𝐩𝐞𝐜𝐭𝐢𝐨𝐧𝐬 𝐟𝐫𝐨𝐦 𝟏𝟖 𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫.

The REIV recorded a strong clearance rate of 86 per cent from another weekend of auctions conducted online. Over 800 auctions were called over the weekend, with the number expected to be over 1,000 by the following weekend. Of course, there are also a number of properties being scheduled for auction during the week as well, thanks to the flexibility that the online platform provides.

A highlight auction of the weekend was the sale of 22 Davis Street, described by my colleague and auctioneer Steven Zervas – Partner and Auctioneer – Fletchers Real Estate as “the best house in Burwood East”. He had sold the home to our vendors when it was brand new four years prior and they were hoping to achieve $1.95 million at auction on Saturday. With the home selling for $2.362 million under the hammer in a heated auction with nine bidders, the result was well above their expectations! A young family claimed the keys and are sure to enjoy the luxe five-bedroom home with its French oak floors, marble benchtops and multiple living zones.

During the week, my team and I have conducted a number of online auctions, including 2/67 Essex Road in Surrey Hills, 7 Loma Linda Grove in Balwyn North, 51 Valda Avenue in Mont Albert North and 52 Kitchener Street in Box Hill South which sold under the hammer after two bidders traded $500 bids at the end – the property eventually selling for $2,055,500.

𝐒𝐮𝐜𝐜𝐞𝐬𝐬. 𝐈𝐭’𝐬 𝐚 𝐅𝐥𝐞𝐭𝐜𝐡𝐞𝐫𝐬 𝐭𝐡𝐢𝐧𝐠.