Former Essendon footballer Jobe Watson tackled one of the weekend’s priciest sales — when negotiations were rushed behind closed doors.
Now acting as a buyer’s advocate, Watson won the keys to 4 Anderson St, South Melbourne, in an after-the-siren deal when the property was passed-in with him as the highest bidder at $5.8m.
Marshall White Port Phillip director Oliver Bruce could not disclose the sold price, but said three parties had pursued it.
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“It wasn’t far off being on the market, but the bidding just sort of stopped,” Mr Bruce said.
A nearby auction at 10 Grieg St, Albert Park, sold for $5.1m despite opening on a $4.5m vendor bid.
While it was on the market at $4.9m, three bidders pushed it a further $200,000 along.
Mr Bruce said the pair of high-priced results showed the top end of Melbourne’s auction market was “well and truly alive”.
Barry Plant Doncaster East auctioneer Todd Lucas only had one bidder active for a home in the suburb on the weekend. But that was still enough to sell the four-bedroom house for $1.38m.
The auction for 3 Rowallan Court opened with a $1.3m vendor bid, and with only one buyer in the race passed in at $1.36m. Even so, the eventual sold price was $1.38m.
“All of the three other parties I had thought would bid just stood there,” Mr Lucas said. “There is a caution around overpaying, but the ones who bought it were saying they were buying for the long term and that helped them see it as not bad buying.”
He added the property might have got $1.5m six months ago, but was well up for the past few years.
A converted Methodist church at 18 Mitchell St, Northcote, also passed in on Saturday — but miraculously found a first-home buyer saviour willing to pay $3.15m for it in post-auction negotiations.
Nelson Alexander Northcote’s Rick Daniel said the home passed in to the man in his 20s at $2.8m, the bottom of the home’s $2.8m-$3m pre-auction price guide.
“A property like that is always going to have a niche market, but there’s always going to be someone who will fall in love with it,” Mr Daniel said.
Jellis Craig’s Michael Amarant eked out one of the slowest sales under the hammer of his career despite four bidders in the race for 327 Rae St, Fitzroy North.
Mr Amarant said the “almost glacial” auction had come to “grinding halt” at $1.27m — about $30,000 below the reserve.
But with one interested party yet to bid, despite asking if the home was on the market from $5000 after it hit the bottom of its advertised range, the vendor made a “gutsy call” to lower their reserve to $1.27m. The fourth party joined in and the home sold for $1.445m.
Wakelin property Advisory buyer’s advocate Jarrod McCabe was watching and said he was very surprised a home in need of a renovation had four bidders.
“That flies in the face of what I have been seeing in recent weeks, as buyers haven’t been willing to take on a project,” Mr McCabe said. “So this will be something to watch.”
PropTrack data shows Victoria achieved a 58 per cent preliminary clearance rate from 755 results last week. There are 1032 expected across the state this week.
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