Auction activity rebounds

Mr Touma said this warehouse conversion was so unique it attracted a lot of interest.

“We had at least 40 people in the crowd, and we were guiding highs $2m and we had interest before the auction was at $3m, so my sellers are delighted to sell for $3.455 million.

“We had a Chinese buyer who was interested, and in the end it was a family from Wollongong who won the keys after they had been looking all over Paddington and Surry Hills. This property is just so unique, and my sellers are delighted with the result.”

92 Angel St Newtown

• Sold under the hammer for $1.66 million (reserve $1.6 million)

• 7 registered bidders, 2 active

• Ray White Surry Hills

• Lead agent: Moira Verheijen - 0414 343 995

• Auctioneer: James Keenan, Ray White

It was the council garbos that made this young couple wait a few extra minutes to secure their first home as veteran auctioneer James Keenan couldn’t compete with the trucks doing their run on Angel St early this morning.

Ray White Surry Hills agent Moira Verheijen said this young couple lobbed an opening bid of $1.590 million and then the garbos arrived in the street!

“They were so loud that Keeno had to pause for a few minutes as no-one could hear him and everyone gathered their thoughts and once they passed the next bid came at $1.6 million.”

The young first home buyers eventually secured the charming two bedroom inner city terrace for $1.66 million, with both sets of their parents watching on.

“They were jubilant. They are a really beautiful young couple who have been looking for six months. I have seen them around a lot at opens and auctions. They both had their parents at the auction today too which was lovely.”

The sellers are thrilled with the result, it was their family’s investment property.

1 Yetholme Avenue, Baulkham Hills

• Sold under the hammer for $1.6 million

• 5 registered bidders, 4 active bidders

• Lead agent: Darren Dowd - 0417 230 695

• Ray White Baulkham Hills

• Auctioneer: Alex Pattaro, Ray White

Ray White Victoria auctioneer Matthew Condon said that buyers and crowds alike turned up in force for another solid week of auctions for the Ray White Group.

“The first Saturday in April saw a high volume of auctions across the state with 237 scheduled auctions for Ray White VIC. This is a result of a large percentage of vendors choosing to auction the property either side of the Easter long weekend,” he said.

“Preliminary data has revealed a very healthy 3.7 registered bidders per auction with over two thirds of these registered bidders actively competing during the auction to secure their desired property.

“Although the market still remains price sensitive, if a buyer sees value in a property they are actively engaging in auctions. This was evident today when properties were announced on the market there was usually continued momentum and competition past that point.”

3/26 Lasiandra Avenue, Forest Hill

• Sold under the hammer for $495,000 (reserve was $325,000)

• 15 registered bidders and 8 active bidders

• Lead agent and auctioneer: Hugh Francis - 0401 265 338

• Ray White Forest Hill

In front of a huge crowd, people kept throwing bids at auctioneer Hugh Francis and in the end it was a local investor who won the keys at this former government rental property in Forest Hill.

“The final buyer was looking to fix the property and rent it out as an investment. I had a tonne of interest in this one from a wide range of demographics - a lot of builders, investors and first home buyers,” Mr Francis said.

“The auction opened at $250,000 and jumped in $10,000 increments and it just kept going all the way until it was on the market at $325,000.”

The seller was Homes Victoria, a government body that provides social housing. They stripped the place out after the last renter had been there for 20 years.

2/24 Highfield Ave, Mulgrave

• Sold under the hammer for $890,000

• 4 registered bidders, 4 active bidders

• Lead agent: Marc Lum - 0413 142 803

• Ray White Glen Waverley

Mr Lum said the sellers were investors, and happy with the result.

And his buyers were local professionals who bought in front of a crowd of 30 people.

“We have a lot of stock coming on and for me it’s 70 per cent investors selling right now and young professionals with good borrowing potential buying.

“Stock levels are increasing and I am talking to more tenants right now than I ever have! We have a lot of distressed sellers too, many landlords are citing the increase in land taxes and the reason for selling. Their financial planners just say it’s not worth holding on as the costs are all rising.”

126 Kangaroo Road, Hughesdale

• Sold under the hammer for $1.255 million

• 7 registered bidders and 4 active bidders

• Lead agent and auctioneer Jonathan Eaves - 0411 051 571

• Ray White Oakleigh

Mr Eaves, said this double brick home on a busy road, sold to a young first home buyer couple who had been looking for six months.

“It’s a similar theme here. An international client was looking to offload their investment property, given the hikes to land tax and the rental reforms, they said it makes more sense to sell it than to keep it. They are popping champagne, they are overjoyed with the result.”

59 Princess St, Marsden

• Sold under the hammer for $650,500

• 9 registered bidders, 3 active bidders

• Lead agent: Rebecca Cuderman - 0435 172 383

• Ray White Marsden

There were nine registered bidders and bidding got to $100 a bid at once stage with three bidders battling it out onsite.

Ms Cuderman said that it was a pleasure to market this home.

“Marsden has now become the hub of investor and owner occupier activity in the Logan region. This auction proved that buyers will get down to $100 bids to secure properties in Marsden.”

14 Lahore St, Crestmead

• Sold under the hammer for $671,000

• 2 registered bidders and 2 active bidders

• Lead agent: Cory Boyd - 0466 275 233

• Ray White Marsden

Mr Boyd said he sold the property for his interstate investor to another investor.

“Everyone is happy with the result. We only had two bidders but they were both active and that is all you need for competition,” he said.

“The eventual buyer is moving from Sydney to settle into the property.”

Mr Boyd commented that the sellers were ecstatic about the result.

“Our in room auction events are creating competition for our sellers and providing a transparent manner in which buyers can confidently bid for properties.”

Ray White South Australia Chief Auctioneer John Morris said the market had hit the ground running after the Easter long weekend.

“There’s incredible numbers coming all the way across South Australia. At the moment, everything I have auctioned this week has sold 100 per cent cleared. Our registered bidders for the week sits at 8.4 per auction with 3.7 of those actively participating. Our auction day clearance rate is sitting at 84 per cent. I don't think we have dropped below 70 per cent once this year. So incredible numbers are continuing to abound in the great state of South Australia. We have big auction volume numbers continuing to come through too.”

47 Johns Rd, Prospect

• Sold under the hammer for $1.270 million

• 7 registered bidders and 2 active bidders

• Lead agent: Dalal Muhieddine - 0478 056 770

• Ray White St Peters

• Auctioneer: John Morris, Ray White

Agent Dalal Muhieddine said the opening bid was $1.1 million and the bids jumped up in $20,000 increments between two bidders.

“It was an active auction and a busy campaign. We had around 50 people in the crowd today watching the live market action<” she said.

“My sellers are very happy, and thankful. They bought the property only two years ago and were planning to move in but life plans changed and they have stayed in Melbourne with a baby on the way. The buyers live in Eden Hills and they wanted to upgrade. They had been living in the UK for nine years and they really loved the house.”

Ms Muhieddine complimented John Morris, the auctioneer, for his passionate and energetic call. “He literally radiates good energy and he’s the best auctioneer I have ever worked with!”

24A Bells Rd, Somerton Park

• Sold under the hammer for $1.050 million

• 5 registered bidders, 3 active bidders

• Lead agent: Adam Rice - 0402 936 953

• Ray White Glenelg

• Auctioneer: Sam Grover, Ray White

It’s been a big week for sales agent Adam Rice of Ray White Glenelg | Brighton.

His wife gave birth to their first child on Thursday and he sold two properties under the hammer for his sellers today.

Mum and newborn bub Charlotte Louise are doing awesome after their home birth went beautifully smooth on Thursday night.

“What an incredible week! My daughter was born two days ago and my sellers are also over the moon. In fact, this is the second house I have sold for them in a month. They went for a walk and fell in love with a house on the beach so they sold their investment property and today we sold their principal place to secure their dream home at the beach."

“The buyer is a young woman who will use it as an investment property for a year or so. She has been looking for four years to buy.” Pictured above Adam Rice with his buyer and sellers.

8A Ewell Ave, Warradale

• Sold under the hammer for $825,000

• 8 registered bidders, 5 active bidders

• Lead agent: Adam Rice - 0402 936 953

• Ray White Glenelg

• Auctioneer: Rod Smitheram, Ray White

Mr Rice said this auction was a ‘great showcase’ with the whole street coming out to watch the auction action.

“The home was a deceased estate, the seller recently moved out but then he passed away. The buyer (pictured above with Adam), who had been looking for a while for a house, will move in soon.

“There is good tension in the market and I have sold 2/2 this weekend.”

8 Jakara Avenue, Ingle Farm

• Sold under the hammer for $657,000 (reserve was $580,000)

• 13 registered bidders, 7 active bidders

• Lead agent Todd Fromme - 0430 913 636 (pictured below)

• Ray White Norwood

• Auctioneer: John Morris, Ray White

2B South Terrace Como

• Sold under the hammer for $1.710 million

• 6 registered bidders and 3 active bidders

• Lead agent: Matt Kalos

• Ray White South Perth

• Auctioneer: Mark Whiteman, Ray White