18th July 2017: Auction Snapshot: Saturday 15 July

What's happening in the market…

The Domain Group reported that first home buyers are beginning to spend more at auctions due to the alterations on stamp duty, possibly contributing to why Victoria achieved the highest auction clearance rate in two months.

Auction numbers should keep going up from here, with approximately 650 homes expected to go to auction next weekend — happy bidding, buyers!

Saturday 15 July
Number of auctions in Victoria: 522
Clearance rate: 79%

The same weekend last year
Number of auctions in Victoria: 588
Clearance rate: 78%

Auction highlights…

1/54 Maud Street, Balwyn North

Located in the Balwyn High School Zone, this front villa is within a few minutes' walk of the school plus Balwyn North Primary School, St Bede's Primary School, shops and cafes are all close by. The impressive home features a private terrace, lush garden and a north facing alfresco setting. Appealing to families, downsizers and investors alike, this residence had six bidders competing for it on auction day!

Number of bidders: 6
Sale price: $1,721,000

14 Sturdee Road, Donvale

In a prime corner setting within a tranquil location, 14 Sturdee Road in Donvale looks out over the treetops of Mullum Mullum Park, whilst Mullauna College and Mitcham Primary School are within walking distance. The three bedroom home has been well-maintained, featuring an alfresco entertaining area and double carport. The land may attract those wishing to develop (STCA), but the residence also appeals to young families with its scope for future modernisation. Congratulations to the lucky buyers!

Number of bidders: 2
Sale price: $904,000

10 Kiewa Street, Ashwood

An exciting first-timer or development jewel (STCA), this charming one owner 1970s home sits on a large allotment of approximately 726 sq m. The three bedroom residence is well presented, featuring elegant living areas, a large covered verandah, a classic floorplan and lush gardens. Transport, schools, Riversdale Golf Club and Gardiners Creek trail are all conveniently located close by. This home achieved a fantastic result, successfully selling under the hammer!

Number of bidders: 4
Sale price: $1,420,000