Melbourne auctions: Online sales dominate amid snap lockdown
4/25 Bruce Street, Coburg went to online auction during snap lockdown.
Online auctions kept sales alive and proved a lucrative choice for vendors who pushed ahead amid Melbourne’s snap lockdown.
In Coburg, vendors Christian Inturrisi and Jessica Saidel successfully sold 4/25 Bruce Street for $703,000 after shifting to online platform Anywhere Auctions.
Ray White Brunswick agent Matthew Schroeder said it was hard to keep up as four registered bidders placed bids almost simultaneously as the auction started.
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Christian Inturrisi and wife Jessica Saidel sold their Coburg pad online. Picture: Nicki Connolly
They collected $703,000 on Saturday.
It quickly shot $53,000 above reserve as first-home buyers battled for the keys.
“We’ve been doing auctions online for a while now and we’ve become pretty nimble … Christian and Jessica were glad we could change the auction online at the drop of a hat,” Mr Schroeder said.
“Every dollar counted for them when it came to buying their next home, so they were over the moon to still take it to auction.”
Ray White auctioneer Alex Ilyin conducted the Coburg auction.
A recreated Brunswick East beauty at 12 Bladen Avenue also reeled in a stellar result as more than 18 parties registered to compete via Zoom.
Jellis Craig Brunswick agent Elizabeth Kelly said the vendors were relieved they’d chosen to put their home under the hammer on Thursday night before the looming lockdown.
A bidding war erupted between eight buyers who pushed the price to $1.717m, soaring $67,000 above reserve.
12 Bladen Avenue, Brunswick East sold via Zoom.
The property sold before lockdown.
“Somebody kicked it off at $1.5m and it went back and forth all the way until it reached $1000 increments before it sold,” Ms Kelly said.
“Everything on Zoom works beautifully, with buyers enjoying the comfort of their own home and not wasting their Saturday.”
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A young professional couple looking for a lifestyle change in the inner-north snapped up the house, which had been completely transformed by the owner-builder.
An impressive renovation was undertaken at the home.
A South Melbourne worker’s cottage at 109 Napier Street sold ahead of its scheduled auction as massive demand spurred on an unbelievable result.
The small two-bedroom terrace sold for $1.2m after being listed for $870,000-$920,000, The Advocates’ Tony Rindfleisch said.
“It had 80 groups through in the first week … my clients made a pre-auction offer at $999,000 before two other offers were made and it sold,” Mr Rindfleisch said.
109 Napier Street, South Melbourne sold ahead of scheduled auction.
The humble home shot way above its price guide.
“The market is super hot and people have to be extremely competitive and offer high prices to secure property.”
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