Ray White records outstanding midweek auction results

SATURDAY isn’t the only day for under the hammer success with Thursday night auctions across the country keeping Ray White clearance rates strong.Preliminary data recorded a 72.7 per cent auction clearance rate - setting the leading real estate group up for a weekend packed with strong results.

The Melbourne office at Ray White Glenroy clocked an impressive sale after a massive 19 buyers registered their interest for the two bedroom apartment at 4/39 Service St, Coburg (pictured below).

Selling through online auction for $630,500 after 33 bids, Ray White Victoria | Tasmania Chief Auctioneer Matthew Condon said the whole Glenroy team felt energised after the result.

“It’s just good to see the Ray White Glenroy office really focus on auctions in the current climate which has enabled them to achieve great results for their clients,” Mr Condon said.

“The atmosphere they created last night with the two auctions was amazing, they had emotions, they had competition and it was really competitive bidding that got down to $500 bids on one of the properties.”

The Coburg unit was sold through Ray White Glenroy senior salesperson Vince Carnevale who was thrilled with the result.

“In my 29 years of real estate, I have never had 19 registered bidders at an auction and they all came ready to compete,” Mr Carnevale said.

Throughout the campaign, the senior agent oversaw more than 50 private inspections and said the strong interest in the property is inline with his experiences in the current market.

“We’re finding the market quite good, we had two auctions last week and sold both and last night we sold both after a great number of enquiries - if you look at auctions over the past few weeks, we are selling everything,” he said.

“The market is still very good. The quality of clients are much better, sellers are committed and are eager to sell and while the quantity of buyers might be less, the quality is excellent.

“Times are challenging but there is always a buyer for a property. It’s the old real estate philosophy - all you need to do is find a buyer and find a vendor and put them together.”

Mr Carnevale also sold the four bedroom St Albans home at 11 Jane Avenue under the hammer after an online auction that attracted 4 active bidders. The spacious family home sold for $705,000 to a young couple who were first home buyers.

“It was a very tough campaign - it was a totally different demographic to the other auction,” he said.

“On Monday, I had nobody interested and then through a lot of hard work I managed to get nine private inspections and converted four of them. Needless to say, the vendors are very happy.

Ray White Glenroy Principal Mete Karan plans to continue using online auctions for the foreseeable future.

“We are thinking we’ll probably keep a combination of the two - online and onsite,” Mr Karan said.

“We’re a little bit reluctant to go onto the street and online auctions have proven to have some benefits. They’re efficient and we are far more in control, whether it be with big crowds or traffic.”

Across the border in New South Wales, leading auction office Ray White Castle Hill recorded a 50 per cent clearance rate selling two of four properties through online auction.

Ray White Auctioneer James Kerley brought home the auction for the four bedroom property at 14 Cattai Creek Drive, Kellyville (pictured above), selling it for $1.250 million to a young family who are upsizing.

The Kellyville home was represented by Castle Hill Sales Executive Kael Sharp who said the auction campaign was split between the COVID-19 restrictions and after restrictions had been lifted.

“We had 34 inspections on the property and we had multiple interested parties inside and outside of auction conditions. But in the end it came down to the two registered bidders.

Also sold under the hammer through fellow Castle Hill Sales Executive Karl Anthony was 1 Dobson Cres, Baulkham Hills. Ray White Castle Hill Director Philip Kelly said the property sold after some strong, competitive bidding and beating expectations.

“We had a high level of registrations and a sensational auction - there would have been about 40 to 50 bids,” Mr Kelly said.

The Castle Hill team have been at the forefront of online auction innovation and have led the way in New South Wales.

“We’re still of the view that we are getting higher numbers of registrations for online auctions. Many buyers are enjoying being able to bid from the comfort of their own couch and having the safety of operating at home,” Mr Kelly said.

“The other thing is that people who are in the market today are looking ahead knowing that this is clearly the time to secure a property.”