28th November 2017: Auction Snapshot: Saturday 25 November

What's happening in the market…

The Domain Group highlighted how first home buyers are choosing their homes based on the proximity to the city, with old apartments becoming increasingly popular. "Noticeably roomier than their shoebox-sized contemporary cousins, these older apartments are often nestled on quiet, residential streets, in walking distance to shopping and easy access to a train line."

Domain also highlighted that the lower than usual clearance rate that occurred on the weekend may have been influenced by the oversupply of real estate within the $1.5-$3 million price bracket.

Saturday 25 November
Number of auctions in Victoria: 1,446
Clearance rate: 66.2%

Auction highlights…

7 Maysia Street, Canterbury

Splendid 1930's origins and impeccable contemporary enhancements combine for a wonderful family lifestyle in "Baramba", an immaculate four bedroom, two bathroom home in the highly-regarded Hassett Estate. Just a short stroll away, the new home owners can enjoy cafes, supermarkets, parks, Camberwell High and Canterbury Primary Schools whilst exceptional private schools are easily accessed.

Number of bidders: 4
Sale price: $2,400,000

3 Elm Grove, Mooroolbark

Beautifully presented with show-stopping views out to the Yarra Ranges, relax under the court-facing verandah or in the manicured gardens which surround this four bedroom residence. Inside, the picturesque scenery complements the alluring lounge room with door to a rear alfresco, joined by the stylish dining and family room, relaxed living/meals and large kitchen. The upper teen retreat introduces a spa bathroom and main bedroom with ensuite and inspiring vista.

Number of bidders: 4
Sale price: Undisclosed

27 Deanswood Road, Forest Hill

This classically pretty three bedroom home is surrounded by a verdant garden paradise featuring ponds and enticing alfresco areas. Set on a wide block, the new owners have the option to extend and renovate (STCA) to take full advantage of this remarkable neighbourhood, just a short walk to Forest Hill Chase and buses, and surrounded by a selection of excellent schools.

Number of bidders: 3
Sale price: $1,253,000

1/60 Morna Road, Doncaster East

The picturesque street appeal of this storybook style home is the epitome of character and charm. With its high gable roof and dormer windows, it sits in delightful cottage gardens with shops, supermarket and bus at Devon Plaza, and Beverley Hills Primary School within walking distance. Family bedrooms and bathroom are upstairs in an attic style setting, with natural light pouring in through high windows. At the rear, a private garden courtyard presents a quiet retreat. Congratulations to the lucky new home owners!

Number of bidders: 3
Sale price: $950,000