24th April 2017: Auction Snapshot: Saturday 22 April

What happened in the eastern suburbs last weekend?

Saturday 22 April
Number of auctions in Victoria: 603
Clearance rate: 78%

The same weekend last year
Number of auctions in Victoria: 538
Clearance rate: 75%

Auction highlights…

3/19 James Road, Croydon

The contemporary three bedroom townhouse is positioned in a quiet location near schools, shops, cafes and transport, with Silcock Reserve only a short walk away. The home has its own street frontage and driveway, with a covered alfresco deck and outdoor spa at the rear. Features of the home include polished floorboards, a double garage, two living areas and a stainless steel-appointed kitchen.

Number of bidders: 2
Sale price: $705,000.

23 Tower Hill Road, Glen Iris

The brick Art Deco home is located in a quiet pocket, with Ashburton Shopping Village, transport, a primary school and Watson park within walking distance. Highlights include high ceilings, period lighting, three robed double bedrooms, an auto garage and a rear carport. Vast opportunities are presented; rent the home out, renovate, extend or redevelop (STCA).

Number of bidders: 5
Sale price: Undisclosed

17 Cherrybrook Close, Nunawading

This home is set within a tree lined street within walking distance to Mitcham shopping village, a primary school, Mullauna College, transport and sporting fields. Highlights of the captivating property include a covered decking, a gourmet stone kitchen, five bedrooms—including a guest bedroom downstairs, four living zones and three bathrooms. The master bedroom features his and her walk in wardrobes and a dual vanity ensuite.

Number of bidders: 5
Sale price: $1.59 million
My auction is live streamed on Facebook – click here to watch it!

What's happening in the market…

From 1 May, the way that residential real estate can be marketed will change considerably in Victoria. The changes to the Estate Agent Act 1980 put in place several new requirements that real estate agents must adhere to when engaged to sell residential property in Victoria. We certainly welcome these changes as the desired outcome is to ensure that all agents across the state are complying with current legislation, to give potential home buyers confidence and help maintain the integrity of the industry.