Market Update | 21 & 22 August 2021
๐๐ฏ๐๐ซ ๐ญ๐ก๐ ๐ฐ๐๐๐ค๐๐ง๐, ๐๐ข๐๐ญ๐จ๐ซ๐ข๐ ๐ฐ๐๐ฌ ๐จ๐ง๐๐ ๐๐ ๐๐ข๐ง ๐ฉ๐ฅ๐๐๐๐ ๐ข๐ง ๐ ๐ฌ๐ญ๐๐ญ๐-๐ฐ๐ข๐๐ ๐ฅ๐จ๐๐ค๐๐จ๐ฐ๐ง, ๐ฐ๐ข๐ญ๐ก ๐ซ๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ซ๐๐๐ฌ ๐ฃ๐จ๐ข๐ง๐ข๐ง๐ ๐ฆ๐๐ญ๐ซ๐จ๐ฉ๐จ๐ฅ๐ข๐ญ๐๐ง ๐๐๐ฅ๐๐จ๐ฎ๐ซ๐ง๐ ๐ข๐ง ๐ ๐๐ข๐ ๐ญ๐จ ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐ ๐ซ๐จ๐ฐ๐ข๐ง๐ ๐ฌ๐ฉ๐ซ๐๐๐ ๐จ๐ ๐๐๐๐๐-๐๐ ๐๐๐ซ๐จ๐ฌ๐ฌ ๐จ๐ฎ๐ซ ๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ.
Although just over 1,100 auctions were schedule in Melbourne on Saturday, some were postponed due to the lockdown. Those vendors brave enough to proceed were rewarded, with the Fletchers Group achieving a 100% success rate between properties sold under the hammer and prior to auction.
In a marathon online auction lasting 90 minutes, two bidders tussled over the renovated home at 9 Kawarren Street in Balwyn North, which eventually sold for $2,421,500. I fielded more than 100 bids from the front room of my home, with bids of just $500 taking up the final 30 minutes of the auction. The underbidders twice conceded and congratulated the other party, only to jump back in with more offers. The home sold for more than $200,000 over the reserve price โ it was on the market at $2.2 million โ an example of how successful online auctions can be.
โ๐๐ฆ๐ฏ๐ฅ๐ฐ๐ณ๐ด ๐ค๐ข๐ฏ ๐ฃ๐ฆ ๐ฉ๐ฆ๐ด๐ช๐ต๐ข๐ฏ๐ต ๐ข๐ณ๐ฐ๐ถ๐ฏ๐ฅ ๐ช๐ต ๐ฃ๐ฆ๐ค๐ข๐ถ๐ด๐ฆ ๐ช๐ตโ๐ด ๐ต๐ฉ๐ฆ ๐ง๐ฆ๐ข๐ณ ๐ฐ๐ง ๐ต๐ฉ๐ฆ ๐ถ๐ฏ๐ฌ๐ฏ๐ฐ๐ธ๐ฏ, ๐ข๐ฏ๐ฅ ๐ข ๐ค๐ฐ๐ถ๐ฑ๐ญ๐ฆ ๐ฐ๐ง ๐บ๐ฆ๐ข๐ณ๐ด ๐ข๐จ๐ฐ ๐ช๐ต ๐ธ๐ข๐ด๐ฏโ๐ต ๐จ๐ฆ๐ฏ๐ฆ๐ณ๐ข๐ญ ๐ฑ๐ณ๐ข๐ค๐ต๐ช๐ค๐ฆ, ๐ฃ๐ถ๐ต ๐ช๐ต ๐ช๐ด ๐ฏ๐ฐ๐ธ, ๐ข๐ฏ๐ฅ ๐โ๐ฎ ๐ฏ๐ฐ๐ต ๐ด๐ถ๐ณ๐ฆ ๐ช๐ง ๐ช๐ตโ๐ด ๐ฉ๐ฆ๐ณ๐ฆ ๐ต๐ฐ ๐ด๐ต๐ข๐บ, ๐ฃ๐ถ๐ต ๐ช๐ตโ๐ด ๐ข ๐ฑ๐ณ๐ฐ๐ญ๐ช๐ง๐ช๐ค ๐ธ๐ข๐บ ๐ฐ๐ง ๐ด๐ฆ๐ญ๐ญ๐ช๐ฏ๐จโ.
There were only two inspections before Melbourneโs sixth lockdown was announced, which made vendor Nav Krishnan feel a little nervous, with the auction held on a day when the Andrews Government announced further restrictions, including a lockdown for regional Victoria.
โ๐๐ต ๐ธ๐ข๐ด ๐ณ๐ฆ๐ข๐ญ๐ญ๐บ ๐ฏ๐ฆ๐ณ๐ท๐ฆ-๐ณ๐ข๐ค๐ฌ๐ช๐ฏ๐จ ๐ฃ๐ฆ๐ค๐ข๐ถ๐ด๐ฆ ๐ฐ๐ง ๐ญ๐ฐ๐ค๐ฌ๐ฅ๐ฐ๐ธ๐ฏ. ๐๐ฆ ๐ธ๐ฆ๐ณ๐ฆ ๐ญ๐ช๐ฌ๐ฆ, โ๐๐ณ๐ฆ ๐ธ๐ฆ ๐จ๐ฐ๐ช๐ฏ๐จ ๐ต๐ฐ ๐ข๐ถ๐ค๐ต๐ช๐ฐ๐ฏ ๐ฐ๐ณ ๐ฏ๐ฐ๐ต?โ,โ Mr Krishnan said. โ๐๐ถ๐ต ๐ต๐ฉ๐ช๐ด ๐ณ๐ฆ๐ด๐ถ๐ญ๐ต ๐ธ๐ข๐ด ๐ด๐ถ๐ฑ๐ฆ๐ณ ๐ฆ๐น๐ค๐ฆ๐ญ๐ญ๐ฆ๐ฏ๐ต ๐ฆ๐ท๐ฆ๐ฏ ๐ช๐ง ๐ธ๐ฆ ๐ฅ๐ช๐ฅ๐ฏโ๐ต ๐ฉ๐ข๐ท๐ฆ ๐ข ๐ญ๐ฐ๐ค๐ฌ๐ฅ๐ฐ๐ธ๐ฏ. ๐๐ฏ๐ฆ ๐ฐ๐ง ๐ต๐ฉ๐ฆ ๐ง๐ข๐ค๐ต๐ฐ๐ณ๐ด ๐ธ๐ข๐ด ๐ต๐ฉ๐ฆ๐ณ๐ฆ ๐ธ๐ฐ๐ฏโ๐ต ๐ฃ๐ฆ ๐ข ๐ญ๐ฐ๐ต ๐ฐ๐ง ๐ฏ๐ฆ๐ธ ๐ฉ๐ฐ๐ฎ๐ฆ๐ด ๐ฐ๐ฏ ๐ต๐ฉ๐ฆ ๐ฎ๐ข๐ณ๐ฌ๐ฆ๐ต, ๐ข๐ต ๐ญ๐ฆ๐ข๐ด๐ต, ๐ช๐ฏ ๐ต๐ฉ๐ฆ ๐ฏ๐ฆ๐ข๐ณ ๐ง๐ถ๐ต๐ถ๐ณ๐ฆ.โ The location of the house inside the coveted Balwyn High School zone was also a major drawcard.
As stock levels begin to tighten up due to the lockdown, it is becoming very frustrating for both vendors waiting to put their property on the market, and those buyers keen to purchase. We have even seen some properties sell to keen buyers, sight-unseen! These are certainly very trying times and we continue to work with both our vendors and buyers to facilitate transactions as best we can, whether that be via virtual inspections or reaching out to our database.
We strongly believe that itโs important to get the ball rolling if youโre considering selling, to ensure youโre ahead of the pack when the inevitable post-lockdown rush to market begins. Eighteen months into the pandemic, our team is adaptable to the conditions and is available to assist you with advice and strategy. Don’t hesitate to contact me today for a confidential discussion.
๐๐ญ๐๐ฒ ๐ฌ๐๐๐ ๐๐ง๐ ๐๐ ๐ฐ๐๐ฅ๐ฅ. ๐ท

Market Update | 14 & 15 August 2021
๐๐ฌ ๐ฉ๐๐จ๐ฉ๐ฅ๐ ๐ข๐ง ๐ฆ๐๐ญ๐ซ๐จ๐ฉ๐จ๐ฅ๐ข๐ญ๐๐ง ๐๐๐ฅ๐๐จ๐ฎ๐ซ๐ง๐ ๐ฌ๐๐ญ๐ญ๐ฅ๐๐ ๐ข๐ง๐ญ๐จ ๐๐ง ๐๐ฑ๐ญ๐๐ง๐ฌ๐ข๐จ๐ง ๐จ๐ ๐๐จ๐๐ค๐๐จ๐ฐ๐ง ๐.๐, ๐ญ๐ก๐จ๐ฌ๐ ๐ข๐ง ๐ซ๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ข๐๐ญ๐จ๐ซ๐ข๐ ๐ซ๐๐๐๐ข๐ฏ๐๐ ๐ ๐ฐ๐๐ฅ๐๐จ๐ฆ๐ ๐ซ๐๐ฉ๐ซ๐ข๐๐ฏ๐ ๐ฐ๐ข๐ญ๐ก ๐ซ๐๐ฌ๐ญ๐ซ๐ข๐๐ญ๐ข๐จ๐ง๐ฌ ๐๐๐ฌ๐ข๐ง๐ . ๐๐ข๐ญ๐ก ๐ญ๐ก๐ ๐ฅ๐จ๐๐ค๐๐จ๐ฐ๐ง ๐ฌ๐ญ๐ข๐ฅ๐ฅ ๐ข๐ง ๐ฉ๐ฅ๐๐๐ ๐ข๐ง ๐ฆ๐๐ญ๐ซ๐จ ๐๐๐ฅ๐๐จ๐ฎ๐ซ๐ง๐, ๐ฉ๐ซ๐จ๐ฉ๐๐ซ๐ญ๐ฒ ๐ข๐ง๐ฌ๐ฉ๐๐๐ญ๐ข๐จ๐ง๐ฌ ๐ซ๐๐ฆ๐๐ข๐ง ๐ฏ๐ข๐ซ๐ญ๐ฎ๐๐ฅ ๐๐ง๐ ๐๐ฎ๐๐ญ๐ข๐จ๐ง๐ฌ ๐๐จ๐ง๐๐ฎ๐๐ญ๐๐ ๐จ๐ง๐ฅ๐ข๐ง๐.
Four bidders participated in the auction of 30 Russell Street in Camberwell, a double brick Federation residence nestled within the richly tree-lined Tara Estate. We gave each bidder plenty of time to put their stamp on the auction and secure the home, with the auction running for over an hour! The property was formally passed in to the highest bidder, who went on to purchase the home in post-auction negotiations.
My colleague Gail Logan and I also sold 2/7 Warwick Court, Surrey Hills in post-auction negotiations.
The auction of 13 Catherine Avenue in Doncaster East was much quicker, with the three bidders taking just 20 minutes to determine who would be the new owner. Auctioneer Jason Salan declared the four-bedroom, renovated family home under the hammer for $1,614,000.
The brilliantly designed, five-bedroom home at 15 Invermay Grove in Rosanna was auctioned by the Fletchers Banyule team over the weekend, offering buyers a substantial family home in an excellent location. It took competition from just two bidders to see the property sell under the hammer.
The Domain Group reports that overall, auction numbers continue to trend lower due to the restrictive lockdowns in Melbourne and Sydney – however, auction volumes also continue to defy the traditional winter glut.
In their July 2021 Auction Report, the Domain Group found that prior to escalated restrictions, Melbourne and Sydney were set for the busiest July on record. Whilst this did not eventuate, more sellers are choosing to postpone their auctions to a later date rather than taking their properties off the market, unlike the initial COVID lockdown last year. The strength in homes going under the hammer illustrates that sellers are more likely to proceed with their sale during periods of short, sharp lockdowns.
Please stay safe and well.
๐๐ฎ๐๐๐๐ฌ๐ฌ. ๐๐ญโ๐ฌ ๐ ๐ ๐ฅ๐๐ญ๐๐ก๐๐ซ๐ฌ ๐ญ๐ก๐ข๐ง๐ .

Online Auction | 28 Stanley Gv, Canterbury
It may have been the online format or the number of bidders (9!) but whatever the cause, the auction of 28 Stanley Grove in Canterbury went for over an hour and a half!
The original clinker brick home was being offered for sale for the first time in 49 years, located in one of Canterbury’s most beautiful groves.
Here’s a small cut of what was a very long auction….the successful bidder had even fashioned her own paddle for the occasion!
Making Hay While the Sun Shines
I recently chatted with Grace Ormsby fromย REB (Real Estate Business), about how I’ve kept up my sales momentum – even through Melbourne’s extended lockdown.
Have a listen to the podcast on your preferred device, as we talk about how agents can still “find a way” through resilience and how we can adapt to our new normal:ย https://smarturl.it/wlh75a

Market Update | 7 & 8 August 2021
๐ฝ๐๐๐๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐-๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐๐, ๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐ ๐๐๐ ๐๐๐๐๐ ๐๐๐๐๐-๐๐๐ ๐ ๐๐๐๐๐ ๐๐๐ โ ๐๐๐๐๐๐ ๐๐๐ ๐๐๐๐๐ ๐ ๐๐๐, ๐๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐๐๐๐๐ ๐๐๐๐ ๐๐ ๐๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐๐.
Once again, sellers, buyers and agents swiftly adapted to the circumstances, with several auctions scheduled for the weekend moving online. It may have been the online format or the number of bidders (9!), but whatever the cause, our auction of 28 Stanley Grove in Canterbury went for over an hour and a half! The original clinker brick home was being offered for sale for the first time in 49 years, located in one of Canterburyโs most beautiful groves. The successful bidder fashioned her own paddle for the occasion!
The stunning, builderโs-own home at 10 Woburn Street in Heidelberg also sold under the hammer via online auction. Attracting six bidders, the luxurious home enjoys a premier Heidelberg Hill position and is also central to schools, transport and lifestyle options.
Domain research has reported this week that Melbourneโs unit prices are set to blow out further this year, as young buyers abandon their dreams of a house and turn to apartments instead. Melbourneโs median house price soared past $1 million in the June 2021 quarter, defying the pandemic and setting a new record. Units also hit a record price, rising to a median of $572,793.
While the cost of a unit sits at nearly half that of a house, experts say affordability issues will force many in the market, particularly first-home buyers, to purchase apartments rather than houses, which will then drive unit prices higher again. Domain chief of research and economics Nicola Powell said the higher house prices climbed, the more demand would flow into units.
โ๐๐ฐ๐ฎ๐ฆ ๐ฑ๐ฆ๐ฐ๐ฑ๐ญ๐ฆ ๐ข๐ณ๐ฆ ๐ง๐ฐ๐ณ๐ค๐ฆ๐ฅ ๐ต๐ฐ ๐ฃ๐ถ๐บ ๐ข ๐ถ๐ฏ๐ช๐ต ๐ช๐ฏ ๐ต๐ฉ๐ฆ๐ช๐ณ ๐ฅ๐ฆ๐ด๐ช๐จ๐ฏ๐ข๐ต๐ฆ๐ฅ ๐ด๐ถ๐ฃ๐ถ๐ณ๐ฃ๐ด,โ Dr. Powell said. โ๐๐ตโ๐ด ๐ข๐ฃ๐ฐ๐ถ๐ต ๐ต๐ฉ๐ฆ๐ฎ ๐จ๐ฆ๐ต๐ต๐ช๐ฏ๐จ ๐ต๐ฉ๐ข๐ต ๐ง๐ช๐ณ๐ด๐ต ๐ณ๐ถ๐ฏ๐จ ๐ฐ๐ฏ ๐ต๐ฉ๐ฆ ๐ญ๐ข๐ฅ๐ฅ๐ฆ๐ณ ๐ข๐ฏ๐ฅ ๐ช๐ต ๐ฉ๐ข๐ด ๐ต๐ฐ ๐ฃ๐ฆ ๐ข ๐ถ๐ฏ๐ช๐ต ๐ฃ๐ฆ๐ค๐ข๐ถ๐ด๐ฆ ๐ฉ๐ฐ๐ถ๐ด๐ฆ ๐ฑ๐ณ๐ช๐ค๐ฆ๐ด ๐ข๐ณ๐ฆ ๐ด๐ฐ ๐ฉ๐ช๐จ๐ฉโ.
We will all keenly wait to hear the news on easing of the latest restrictions. Until then, stay safe!
๐บ๐๐๐๐๐๐. ๐ฐ๐โ๐ ๐ ๐ญ๐๐๐๐๐๐๐๐ ๐๐๐๐๐.

Auction | 52 Suffolk Road, Surrey Hills
Our time between Lockdown #5 and #6 was extremely brief, with only one auction weekend back out on the street!
We sold the four bedroom, Californian Bungalow at 52 Suffolk Road in Surrey Hills under the hammer, beginning with a vendor bid of $2,000,000. Two bidders then raised their hands and competed to secure the stunning home.
Congratulations to the successful purchasers and to our vendors, Sri and Leman.
Auction | 2/45 Stott Street, Box Hill South
We saw strong bidding at the auction of 2/45 Stott Street in Box Hill South, on our first weekend post Lockdown 5.0.
Five bidders competed to secure the contemporary home, which was built in 2011 and being offered for sale for the first time.
We are thrilled for our vendor Sam, who was quite overwhelmed with the result! Congratulations also to the new owners of this fantastic home.
Market Update | 31 July & 1 August 2021
Over 1,000 auctions were scheduled across Melbourne, as the auction market bounced back to a Super Saturday after Lockdown 5.0 ended earlier in the week. The team was thrilled to be back doing on-site auctions, with the group achieving a 92 per cent clearance rate.
In Burwood, the extended and renovated home at 38 Haig Street saw strong bidding from five parties, selling under the hammer. The successful purchasers were over the moon, after a twelve-month search for their dream home. Steven Zervas – Partner and Auctioneer – Fletchers Real Estate called a spirited auction, watched on for the first time by his young son, Lucas!
Offered for sale for the first time, the contemporary four-bedroom town home at 2/45 Stott Street in Box Hill South attracted five bidders and sold under the hammer. In Box Hill North, three bidders sought to secure the potential offered at 15 Kneale Drive, on the high side of the street with a desirable north-facing rear. The property sold under the hammer for $1,360,000.Designed for families, the stunning home at 20 Stanton Street in Doncaster boasts three generous living zones, glistening black kitchen with premium appliances and undercover alfresco. Attracting a lot of attention throughout the marketing campaign, the property went on to sell under the hammer for $1,703,000.
The Real Estate Institute of Victoria [REIV] June quarterly report reveals that the median house price in metropolitan Melbourne is holding steady above $1 million, confirmation that the historic March quarter result was not a one-off spike. REIV President, Leah Calnan, said that โbuyers and sellers across the state are still active within a strong growth market โ Victorians are out there making property decisionsโ.
๐๐ฎ๐๐๐๐ฌ๐ฌ. ๐๐ญโ๐ฌ ๐ ๐ ๐ฅ๐๐ญ๐๐ก๐๐ซ๐ฌ ๐ญ๐ก๐ข๐ง๐ .

Market Update | 24 & 25 July 2021
Today the Victorian Government has confirmed that as of 11:59pm tonight, the current state-wide lockdown will be over. The new restrictions will be in place for the next two weeks.
In relation to real estate, on-site auctions can resume with a maximum patron cap of 100 and buyers and renters can register for private inspections, to a maximum of 10 people. Real estate offices can also reopen, with a 25 per cent capacity limit.
Over the week, vendors planning an auction sale were once again required to make an important decision for their sales campaign. Sell prior, proceed to online auction or push their auction date out in the hope of it being called out on the street. Our vendors opted for a mix of these choices as once again, they adapted to the conditions we have become so used to.
We started the week with an online auction on Monday evening for 3/289 Mont Albert Road in Surrey Hills. Four bidders competed for the newly renovated and extended two-storey home. The property went on to sell under the hammer, showcasing how comfortable both vendors and buyers have become with the online auction method of sale.
Also in Surrey Hills, the contemporary yet low-maintenance home at 1/291 Elgar Road sold prior to the scheduled online auction. My team and I worked alongside Ian van Eijk from the Blackburn office โ their vendors are stoked with the result!
Nick Fletcherโs vendor at 11 Mitchell Street in Richmond opted to sell prior as well, finalising the sale on Friday night. Renovated and extended, the single-fronted home offered the perfect configuration for young professionals.
Stay safe!
๐๐ช๐๐๐๐จ๐จ. ๐๐ฉโ๐จ ๐ ๐๐ก๐๐ฉ๐๐๐๐ง๐จ ๐ฉ๐๐๐ฃ๐.

Market Update | 17 & 18 July 2021
๐๐๐ฅ๐๐ฎ๐ซ๐ง๐ข๐๐ง๐ฌ ๐ฐ๐๐ซ๐ ๐ฉ๐ฅ๐ฎ๐ง๐ ๐๐ ๐ข๐ง๐ญ๐จ ๐๐ฅ๐ฅ ๐ญ๐จ๐จ ๐๐๐ฆ๐ข๐ฅ๐ข๐๐ซ ๐ญ๐๐ซ๐ซ๐ข๐ญ๐จ๐ซ๐ฒ ๐ฅ๐๐ฌ๐ญ ๐๐ก๐ฎ๐ซ๐ฌ๐๐๐ฒ, ๐ฐ๐ข๐ญ๐ก ๐ญ๐ก๐ ๐๐ง๐ง๐จ๐ฎ๐ง๐๐๐ฆ๐๐ง๐ญ ๐จ๐ ๐จ๐ฎ๐ซ ๐๐ข๐๐ญ๐ก ๐ฌ๐ญ๐๐ญ๐-๐ฐ๐ข๐๐ ๐ฅ๐จ๐๐ค๐๐จ๐ฐ๐ง ๐๐๐๐๐ฎ๐ฌ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐๐๐๐-๐๐ ๐ฉ๐๐ง๐๐๐ฆ๐ข๐. ๐๐ข๐ญ๐ก ๐จ๐ฏ๐๐ซ ๐,๐๐๐ ๐๐ฎ๐๐ญ๐ข๐จ๐ง๐ฌ ๐ฌ๐๐ก๐๐๐ฎ๐ฅ๐๐ ๐๐จ๐ซ ๐ญ๐ก๐ ๐ฐ๐๐๐ค๐๐ง๐, ๐ฏ๐๐ง๐๐จ๐ซ๐ฌ ๐ฐ๐๐ซ๐ ๐๐จ๐ซ๐๐๐ ๐ญ๐จ ๐ช๐ฎ๐ข๐๐ค๐ฅ๐ฒ ๐๐๐๐ข๐๐ ๐ฐ๐ก๐๐ญ๐ก๐๐ซ ๐ญ๐จ ๐๐ซ๐ข๐ง๐ ๐ญ๐ก๐๐ข๐ซ ๐ฉ๐ซ๐จ๐ฉ๐๐ซ๐ญ๐ฒ ๐๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐จ๐ซ๐ฐ๐๐ซ๐ ๐ญ๐จ ๐๐ก๐ฎ๐ซ๐ฌ๐๐๐ฒ ๐ง๐ข๐ ๐ก๐ญ, ๐ฆ๐จ๐ฏ๐ ๐ญ๐จ ๐๐ง ๐จ๐ง๐ฅ๐ข๐ง๐ ๐๐ฎ๐๐ญ๐ข๐จ๐ง, ๐จ๐ซ ๐ฉ๐จ๐ฌ๐ญ๐ฉ๐จ๐ง๐.
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.
