Melbourne weekend auction vendors secure lockdown sales

Melbourne’s preliminary auction clearance rate sat at 60.3 per cent from 123 reported results, when Melbourne faced its first auction day under stage 4 restrictions at the weekend,

After the tough restrictions, buyers were unable to inspect homes in person on auction day, but there were 218 properties still scheduled to go under the hammer.

Some 56 were withdrawn from auction.

Buyers had previously about two weeks to view the properties in person at a private inspections before Melbourne’s stage 4 COVID-19 restrictions came into effect.

The top sale was $2.76 million at 12 Glenmore Crescent, Black Rock (pictured in title).

It was $360,000 more than the top end of its asking price range with just the two bidders.

There was a $1,751,000 sale of a four bedroom house, a likely redevelopment, at 8 Kangerong Rd, Box Hill.

There had been $1,500,000 to $1,650,000 price guidance.

REALas had $1,609,000 value guidance.

A three-bedroom house at 39 Iffla Street, South Melbourne, sold under the virtual hammer for $1,732,500 which was $157,500 above reserve.

Melbourne auctions must now be held at an auctioneer’s home, rather than at agency offices, which have been closed under the new rules.

With five weeks of the lockdown to go, agents are expecting a very quiet month.

Sydney’s preliminary auction clearance rate sat at 61.5 per cent from 328 reported results, Domain reported.

There were 577 properties scheduled to go under the hammer which was the busiest Saturday since mid-April.

Some 103 offerings were withdrawn from auction.

An six-bedroom, eight-bathroom house at 22 Llandillo Avenue, Strathfield fetched $6,305,000, the highest advised price.

The two-storey home attracted seven registered bidders, with six getting to bid during the auction. 

The 765 sqm building block last sold for $2.41 million in 2015. 

There was an unreported sale of the three-level house in Drummoyne at a private auction for an undisclosed price believed to be over $8.5 million.

The Burnell Street house was expected to sell for $7 million.