24th October 2017: Auction Snapshot: Saturday 21 October

What's happening in the market…

The Domain Group highlighted that in order to buy larger blocks, buyers are moving to areas further away from their current homes. "Many of the would-be purchasers displayed a readiness to pull up stumps in suburbs such as Port Melbourne and Middle Park and buy a larger land holding in a very different area." Domain stated.

Auction clearance rates are remaining consistent, with auction numbers steadily rising since the Grand Final long weekend. "On Saturday, the north-east was the top regional performer with an 83.3 per cent clearance rate." Said Domain.

Saturday 21 October
Number of auctions in Victoria: 1055
Clearance rate: 74.5%

The same weekend last year
Number of auctions in Victoria: 1198
Clearance rate: 83.7%

Auction highlights…

7 Agnew Street, Blackburn South

Ideally situated in a popular, family-friendly location within the prized Box Hill High School zone, this neat three bedroom brick veneer home offers immediate comfort, with the added appeal of excellent options to revitalise or design your dream abode (STCA). The new home owners will enjoy easy access to well-regarded government and private schools, popular recreational facilities including Gardiner's Creek Trail and Surrey Park, Laburnum Station, Box Hill Central, Blackburn South shopping precinct and Forest Hill Chase.

Number of bidders: 4
Sale price: $1,340,000

189 Glen Iris Road, Glen Iris

Completely untouched yet majestic in stature, this double-brick Californian Bungalow is on 715 sq m approx. in a treasured and leafy neighbourhood. Requiring extensive work to restore its former beauty, there is exceptional scope to transform with a contemporary renovation, or choose to build a new substantial luxury residence (STCA). A highly sought-after family location with plenty of off-street parking and convenient to everything – congratulations to the successful purchaser!

Number of bidders: 4
Sale price: Undisclosed

124 Blackburn Road, Glen Waverley

In the prestigious Mount Waverley Secondary College zone and close to Wesley College, The Glen Shopping Centre and multiple train stations, this expansive block is perfectly positioned for development into a dream home or a multi-dwelling site (STCA). With modern homes popping up all around it and contemporary dual occupancy properties continuing to enhance the current landscape, all in one of the most connected and convenient locations the area has to offer, this is an opportunity for the ages.

Number of bidders: 3
Sale price: Undisclosed

11 Victoria Street, Box Hill

Designer indulgence is at the heart of this renovated and extended Californian Bungalow, boasting a spectacular position with direct rear access to leafy Victoria Rose Reserve. Elegance combines with cutting-edge in a floorplan which encourages wonderful indoor/outdoor entertaining. Features include a Gaggenau/Bosch kitchen, open dining room, under-cover deck and garden, a study, four double bedrooms and two bathrooms. Congratulations to the vendors on a fantastic result!

Number of bidders: 3
Sale price: $1,782,500