Archive for the ‘Auctions’ Category

Auction | 2/12 Ovens Street, Box Hill North

Offered for the first time for sale in nine years, the well-designed two bedroom villa unit attracted three bidders on auction day!

Announced on the market at $800,000 with competitive bidding, the home went on to sell under the hammer for $830,000. Take a look at some of the highlights from the day!

Categories: Auctions

What You Can Expect From An Online Auction

An online auction provides an experience as close to an onsite auction as you can get. Aside from the way you participate, by accessing an online auction ‘room’, everything else is essentially the same as what you would experience at an onsite auction.

The auction is conducted by the same rules, it is transparent, there is two-way communication and the potential outcomes are the same. The property may sell under the hammer to the highest bidder, may pass into the highest bidder, or be passed in on a vendor bid. If the property sells to the highest bidder, contracts will be exchanged and a deposit paid. If passed in to the highest bidder, the agent will negotiate exclusively with this party. If passed in on a vendor bid, the agent will proceed to negotiate with all interested parties.

I am interested in a property that has an online auction. How can I bid?

Fantastic! If you are interested in a property, please contact the listed agent and provide your name and e-mail address. You will receive a comprehensive e-mail outlining how you can register to bid, and how you can participate in the process on auction day.

What are the options I have to participate in the auction?

There are multiple ways. You can register to bid and ‘attend’ the auction via a Google Hangout, where you can watch the auctioneer in action. If you don’t have a smartphone or don’t feel comfortable using this option, you can also ‘dial in’, by calling the number provided in the registration e-mail. There is a pin code you will need to enter in when using this function. Finally, you can also visit a link that allows you to watch the bids as they progress, which can be done in conjunction with either of the two options outlined above.

The auction rules will be read out as normal by the auctioneer and can also be accessed by bidders when they register. The Vendor’s Statement/Section 32 can be requested from the agent for your review prior to the auction as normal.

Are the rules of an online auction any different to the usual auction method?

No, the rules are the same. For example, if you’re successful on auction day via an online auction, no cooling off applies.

How do I sign a contract if I’m the successful bidder?

We are fully equipped with offsite auction contract signing, which means our vendors and purchasers can sign contracts from anywhere in the world! Deposit and residual amounts are automatically calculated, as well as settlement terms. You will receive the contracts via e-mail to sign and an executed copy is automatically sent to our office, the vendor, purchaser ad each party’s conveyancer.

How do I pay the deposit if I’m successful?

You will need to ensure that you have a daily EFT limit of at least $5,000 prior to the auction. In the case you are the successful bidder, you will be required to pay a $5,000 deposit immediately after the auction, with the balance payable ASAP. You will then need to immediately email a copy of the deposit receipt to the agent.

How can I arrange an inspection of the property prior to the online auction?

Contact the managing agent of the property. You will receive a short questionnaire via e-mail or text message prior to your inspection to fill out. All inspections are by private appointment, in line with current restrictions in force. If you wish to attend the inspection with a partner, family member or friend, you will need to inspect the property one at a time, in line with current social distancing rules, i.e. one person can wait in the car whilst the other is inspecting.

Auction | 45 Wellard Road, Box Hill South

Built in 1958 and renovated in 2000, the five bedroom home at 45 Wellard Road in Box Hill South lacks nothing in terms of accommodation and lifestyle. Boasting direct access to Box Hill Golf Course, it’s almost like you have your own acreage property!

After an opening bid of $1,400,000 the property went on to pass in at $1,460,000 then sold in post-auction negotiations for $1,500,000 to the lovely new owners.

Congratulations to our vendors, Neil and Ally, and to the successful purchasers.

Categories: Auctions

Auction | 6 Boronia Street, Surrey Hills

February 28, 2020 Leave a comment

I was thrilled to work with Mark Fletcher to secure the sale of 6 Boronia Street in Surrey Hills for our vendors, Nino & Regoula.

Exquisitely restored and renovated by the current vendors, the 1927 Californian Bungalow at 6 Boronia Street in Surrey Hills truly offered the new owners a turn-key solution.

I declared the home ‘on the market’ at $2,435,000 and two competing bidders saw the home sell under the hammer for $2,446,000.

Congratulations to our vendors and the successful purchasers!

Categories: Auctions

Auction | 31 Bass Street, Box Hill

February 25, 2020 Leave a comment

The sun was shining for the auction of the timeless Californian Bungalow at 31 Bass Street in Box Hill. Offering a fantastic indoor/outdoor lifestyle in a tree-lined street, the home is also zoned for Box Hill High School so it’s unsurprising that the auction attracted a crowd of close to 100 people!

Competition between two bidders saw the property reach an excellent sales result of $1,717,000 achieved. Congratulations to our vendors, Bruce & Deb and the successful purchasers!

Categories: Auctions

Auction | 168B Mont Albert Road, Canterbury

February 21, 2020 Leave a comment

On one of Melbourne’s most illustrious boulevards, 168B Mont Albert Road in Canterbury offers attractive gardens, lounge/dining with a vaulted ceiling and kitchen with stone surfaces.

Bidding for the property started at an even $1,000,000 with six bidders participating to secure the private, well located home. Built in 1977, the home also offers potential to renovate or build new (STCA), and sold under the hammer for $1,407,000.

Congratulations to our vendors and the successful purchasers!

Categories: Auctions

Auction | 2/28 Langford Street, Surrey Hills

February 13, 2020 Leave a comment

My team and I were thrilled to represent our lovely vendors, Nanette & Jenny in the sale of the fantastic single level unit at 2/28 Langford Street in Surrey Hills.

We certainly saw confidence on display at the auction of 2/28 Langford Street in Surrey Hills, where six bidders competed to secure the single level, two bedroom home. Bidding started at $700,000 and the property was declared on the market at $760,000 and went onto sell for $848,000.

Congratulations to our vendors and successful purchasers!

Categories: Auctions

Auction | 42 Derby Street, Kew

February 9, 2020 Leave a comment

No matter how you pronounce the street name, Number 42 Derby Street in Kew is a brilliant craftsman-built home boasting brilliant proportions and luxe appointments.

The auction was conducted inside and bidding started at $2,300,000 with two parties involved. The property was formally passed in and sold in post-auction negotiations for $2,510,000.

Congratulations to our vendor and the successful purchasers!

Categories: Auctions

Auction | 11 William Street, Box Hill

February 6, 2020 Leave a comment

My team and I were thrilled to represent our lovely vendors, Rob & Helene, in the auction sale of their much-loved family home at 11 William Street in Box Hill.

After an opening bid of $1,300,000 was received, we saw spirited bidding from three parties at one of our first auctions of 2020.

The property was knocked down to the successful bidder at $1,551,000. Congratulations to our vendors and the new home owners!

Categories: Auctions

Auction | 2/8 Athelstan Road, Camberwell

December 18, 2019 Leave a comment

Just a stroll to Camberwell Junction and Rivoli Cinema, it’s not hard to see why Athelstan Road is considered to be one of the best streets in Camberwell!

Our vendors of Unit 2/8 Athelstan Road agreed, having lived in their classic two bedroom home for over 30 years. Three bidders sought the opportunity to buy into Camberwell, and the bidding between them saw the price climb to $871,000 when the hammer was finally knocked down!

The team and I were thrilled to represent our vendors, Barb & Jeremy, in the sale of their two bedroom, single level unit at 2/8 Athelstan Road in Camberwell.

Many thanks also to Vendor Marketing Vendor Advocates, on helping us to achieve a fantastic outcome!

Categories: Auctions