Strong results for Melbourne and Sydney auction tipping competition properties in last round of winter competition

In the final round of Property Tycoon winter season there were strong auctions in both Melbourne and Sydney.

At 4 Queen Street, Kew (pictured below), a crowd of buyers, neighbours and gawkers totalling more than 100 looked on as six bidders vied for the right to call the property home.

No half-time break was required for auctioneer Steven Abbot from Jellis Craig as competitive bidding resulted in the magical words “we are on the market” being whispered in his ear as the auction was in full flight. When the dust settled the new owner had a $2.865 million contract to honour.

After being quoted at $2.4 million plus, this was a huge result as the Kew home buyer market flexed its muscle and shrugged off any negative market sentiment. For the record, fewer than 2% of tippers won this tip.

MC has taken out the title of Property Tycoon and the $1,000 price in Melbourne with a portfolio value of $28,645,499. Monkeygirl39 was in second place just $150,000 behind.

It was another big turn-out for the auction of 9 Weedon Avenue, Artarmon (pictured below), as a crowd of more than 60 greeted the auctioneer. More importantly was that five of these people had registered their intention to bid.

After quoting the property at $1.4 million plus, the vendor was determined to sell the property on the day and the reserve was set at $1.4 million.

With the property firmly on the open market it was left to three of the five registered bidders to determine its value, and when the bidding stopped that price was $1,575,000.

The result at Weedon Avenue sent shock waves through the Property Tycoon leader board. It pushed the round 11 leader MC5777 down to fourth and propelled MelissaM, with a portfolio value of $23,433,989, into the lead and the title of Property Tycoon.