It was perfect football weather in Victoria, and equally good bidding conditions around the country. Ray White Group conducted 194 auctions around Australasia on Saturday, bringing the weeks total auction count to 475. Auctioneers and agents across the board have once again recorded results and crowd numbers that exceeded expectations.
Ray White Victoria's Chief Auctioneer Matthew Condon said that although the AFL Grand Final week had caused an over-all decline in the number of auctions in Victoria this week, the participation was active.
"We actually see an increase in crowd attendance and inspection numbers and a high average number of active bidders per auction.Ray White Victoria is expecting another strong auction day clearance rate," said Mr Condon.
As is NSW, with Ray White NSW Chief Auctioneer Alex Pattaro seeing bidders today making strong, strategic moves.
"Buyers are out in full force, bidding with aggression at auction. Opening bids are flowing with ease. Today Ray White Belmore/Earlwood sold the property at 17 Woodlawn Avenue, Earlwood. The opening bid was $200,000 above the reserve. Bidding continued with the property selling for a whopping $1,375,000. The market is definitely back," said Mr Pattaro.
At the time of writing the Ray White Group preliminary auction day clearance rate is 76.5%, with Sydney reaching a preliminary clearance rate of 81.6%.
In Melbourne the crowds were keen to get out and about early, to leave plenty of time to watch the Big Game. Adam Sorrell, Principal of Ray White Rowville kicked off the day with the auction of the four bedroom, two bathroom 382 Dandelion Drive, Rowville. (below) |
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No oil painting, the home's need of TLC was a drawcard, with keen renovators making up the majority of the 100 inspections that occurred during the campaign, with most liking what they saw, with100 people attending today's auction.
After the initial bid of $480,000 five bidders worked hard to get possession, and after the house went on the market at $620,000 the bidding became more intense.
A young couple, first home buyers, scored in the end with the winning bid of $760,000. It was grand final day to more than footy fans today as bidders tried to score the home of their dreams at 198 auctions across Australasia. |
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There was a huge turnout at 5 Adrienne Crescent, Mount Waverley (above) for an 11am auction.
The large and immaculate four bedroom home, on a large block, attracted 150 people to the auction.
Ray White Mount Waverley Managing Director Courtney Matthews called it "a huge crowd", and watched as the four registered bidders became four active bidders, bringing the hammer down at $1.336m.
"It was well above reserve," said Mr Mathews, who went on to say that the great result was very indicative of the confidence being back in the market. |
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Another well above reserve auction result was found in Zetland Road, Mont Albert.(above) 
The campaign had been busy, yet it was still a surprise to see a crowd of 80 turn up to the two bedroom unit, with five registered and as it turned out, active bidders, included.
Throughout the auction feedback had been around mid $800,000s, so the reserve was set at $840,000.
Opening bid was $700,000 and according to Ray White Forest Hill agent Steven Yuen, it quickly escalated to $900,000 before slowing to the ultimate bid.
The new owner has bought the property for his close relatives.
To NSW now and a very positive, above expectation result came through for the owners of a three bedroom, two bathroom townhouse at 9/73-77 Wharf Road, Melrose Park. (below) |
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In front of a crowd of around 35 people, the townhouse quickly exceeded it's reserve of $950,000 with two committed bidders, after just 21 bids, sending the sale price for the home up to $1,035,000.
"I'd had $950,000 as the price guide from day one, " said Ray White Dulwich Hill agent Spiro Deligiannis. "So this result was great. The vendors are very, very happy."
Ray White chief auctioneer Alex Pattaro has seen similar homes sell in this is complex, with one villa, with better attributes, selling five months ago for $975,000.
"It's a further reflection of the post-election market," said Mr Pattaro. |
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Castle Hill has seen consistently strong results this year, and this morning's auction of a large five bedroom home at 38 Darcey Rd, Castle Hill continued the trend.
An enthusiastic crowd of 100 people attended the 10am auction, with 11 registered bidders enrolled by Ray White Castle Hill agent Daniel Llamas. In the end the competition narrowed to six active bidders, with the hammer falling at $1,710,000, a number that was much higher than expected.
Mr Llamas said the big crowd was a result of having four auctions on site today, and also a strong turnout from Chinese buyers who were keen to be close to the new Metro station. |
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In what Ray White NSW Chief Auctioneer Alex Pattaro referred to as the 'quickest auction of the year', 17 Woodlawn Ave in Earlwood sold under the hammer for $1.375m - well above reserve.(above) 
"The bidding was so aggressive," said Mr Pattaro. There were seven registered bidders in a crowd of 65 onlookers, for the inter-war period, three bedroom home which had a guide of $1.1-$1.2m.
In what could only be called a knockout opening bid, a buyers' agent opened proceedings with a $1.3m bid.
"You could see other bidders in the crowd, just shaking their heads. Immediately it became a two bidder competition," said Mr Pattaro.
In just a few minutes the auction was over, and when Mr Pattaro spoke with the buyers' agent who won the short but intense bidding war, she reported to him that it was her aim to knock out at least half the competition in the first blow - a mission she easily accomplished.
"It was great!" were the first words from Ray White Surry Hills agent Jack McGhee when he reported the events of the auction of 17/24 Redfern Street, Redfern. (below) |
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With 40 contracts out, 90 groups through for inspection and 18 registered bidders the scene was set for a strong result, which is exactly what happened.
It would have been impossible to fit the crowd of 50 in the one bedroom apartment, so the auction was conducted under sunny skies, on the lawn, with the first bid coming in at $550,000.
When the numbers hit $665,000 a bidder, who was attending her very first auction started playing hardball and came back with $685,000.
She was countered with $686,000, but came back confidently with a winning bid of $690,000.
Mr McGhee said it was a great auction to behold, and admired how the first home buyer confidently won the auction. "I thought, that's how you do it! Easy!" |
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In Brisbane now and a real charmer went on the block. Built as recently as 1991, the charm of the home at 20 Broomfield St, Taringa still harks back to a more genteel era. The five bedroom home, with high ceilings and an absolutely endearing street appeal attracted 60 groups during the campaign, and 40 people in the room for the auction.
Ray White Sherwood agent Tim Davis said that of the seven registered bidders, six were active, although they took their time to get rolling.
"When it hit $700,000 the tempo changed and from there to $841,00 the bidding was very fast," said Mr Davis.
There was one final stall, then the bidding raced off to cross the finish line at $880,000.
The new owners are downsizers from Ashgrove who will appreciate the interior space, without large gardens to consider.
AND JUST ONE MORE... |
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