4th September 2017 / James Marcou: Auction Snapshot: Saturday 2 September

What's happening in the market…

Melbourne achieved a median price of $850,000 at auctions on Saturday, which resulted in $396.8 million of property being sold under the hammer, reported The Domain Group.

Domain also reported that 900 homes are expected to go to auction next weekend, which is expected to rise to 1,100 by mid-September.

Saturday 2 September
Number of auctions in Victoria: 841
Clearance rate: 74.8%

The same weekend last year
Number of auctions in Victoria: 716
Clearance rate: 77.5%

Auction highlights…

1 Macartney Avenue, Kew

The original brick home is located on a prime corner allotment in a blue-chip setting, which will inspire redevelopment as one or more luxury homes (STCA). The prestige position combining quality homes with treed surrounds is central to shopping centres, transport, parks, schools and sporting reserves. Congratulations to the vendors on a fantastic result!

Number of bidders: 5
Sale price: $3.41 million

8 Rosamond Crescent, Doncaster East

Be charmed by the elegance of this stylish home while securing a position in the prized East Doncaster Secondary College zone. The home features a gas log fire, lovely garden views and a location just a short stroll to Donburn Primary School and an easy walk to Tunstall Square Shopping Centre. The new home owners can even explore the potential to further renovate/extend, or redevelop (STCA).

Number of bidders: 4
Sale price: $1.62 million

29 Asquith Street, Box Hill South

Period highlights blend seamlessly with modern spaces in this renovated and extended Californian Bungalow, nestled in a wonderful leafy neighbourhood. The lucky new home owner will enjoy an appealing oasis for the whole family, including a north-facing covered timber deck and child-friendly garden with a treehouse.

Number of bidders: 3
Sale price: $1.678 million

42 Queens Parade, Glen Iris

In a stunning location opposite parkland with tranquil, uninterrupted views, this refurbished Art Deco home is on a large allotment with prime north-west facing rear gardens. Featuring large room sizes, high, decorative ceilings, fresh decor, deep front and rear gardens and a wide side driveway to a single garage, it provides easy site access for future works.

"A hot auction with two keen bidders who fought it out from the first bid to the last!" – James Marcou.

Number of bidders: 2
Sale price: $1.85 million