Ignorance reigns after private Kew boardroom auction outcome whispers

Ignorance reigns after private Kew boardroom auction outcome whispers
Jonathan ChancellorDecember 7, 2020

A private auction for a Kew property has everyone talking in Melbourne's inner east.

But without price confirmation until settlement, much of the chatter is ill-informed.

The Australian Financial Review advised the private auction secured a bullish $5.6 million price for 10 Blythswood Court.

Expectations, they wrote, had been in the high $4 millions and the highest pre-auction expression of interest was reportedly $5.1 million. 

The Age had previously reported pre-auction the Smorgon family had price expectations of near $6 million. 

Then there were weekend News Ltd reports that it sold for more than $5.75 million.

"It is understood six bidders fought for the four-bedroom home and that it sold for more than its quoted price guide of $5.75 million-plus," the report said.

The selling agents clearly aren't that helpful with any confirmation, given it was a supposed private auction, so sadly the market remains ill-informed.

The riverside family estate sits on a 3,354 square metre holding with gas-heated in-ground pool and floodlit North-South tennis court. 

Kay & Burton sold it in conjunction with Castran Gilbert Real Estate.

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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