South Yarra then Templestowe top weekend Melbourne auctions

South Yarra then Templestowe top weekend Melbourne auctions
Jonathan ChancellorDecember 7, 2020

The former Bank of Melbourne boss David Airey secured Melbourne's top weekend auction result when his renovated four bedroom South Yarra home sold for $3.8 million.

David Airey and his wife Sally acquired the two-storey home (pictured above) in 2011 for $1.83 million before extensive renovations.

The 710 square metre property had pre-auction expectations of between $3.3 and $3.5 million through Jeremy Fox and Sarah Sharp of RT Edgar Toorak when Property Observer wrote on the listing last month.

The former Templestowe home (pictured below) of Victorian architect, Phillip Mannerheim fetched $3.35 million having been listed with $2.4 million hopes. It is not entirely original as the current owners have extended and renovated the original residence.

Architect Phillip Mannerheim's former Templestowe house listed

They are the third owners of the home purchased 11 years ago for $870,000. 

They doubled the internal size, keeping in style with Phillip’s original vision for 4 Winifred Court, Templestowe.

The four bedroom, five bathroom house on 3,986 square metres was sold by Carmen Stenta at Ray White Manningham.

Melbourne notched up a steady clearance rate of 72% on the weekend the same last weekend but slightly lower of the 74% on the same weekend last year.

There were 560 auctions reported to the REIV, with 402 selling and 158 being passed in, 73 of those on a vendor bid.

"So far this year, more than $10.8 billion worth of homes was sold at auction, which surpasses the $10 billion value achieved over the same period in 2010," Enzo Raimondo, the REIV chief said. 

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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