Geelong sellers who rushed to auction their homes before the latest Covid-19 lockdown kicked in were rewarded with big sales.
Homes in Belmont, Hamlyn Heights and Lara were offered at in-person auctions on Thursday, hours before the statewide seven day circuit-breaker lockdown started.
In-person auctions and inspections are banned under the lockdown rules, with auctions allowed to proceed remotely, although some agents will look to postpone or push to negotiate sales with buyers.
Buxton agent Tony Moorfoot said five bidders contested the three-bedroom house at 11 Culbin Ave, which sold for $1.235 million.
The 1034sq m property with two titles sold $155,000 above its $1.08 million reserve price.
Mr Moorfoot said the property had been subdivided, giving buyers the flexibility to control the future of the 306sq m rear portion which faced Kyle Court.
While four buyers were active in the lounge room auction, it was a bidder on the phone that secured the property, he said.
Three out of four bidders for a three-bedroom Lara house had travelled from Melbourne.
Hayeswinckle, Lara agent Miranda Williams said a Point Cook couple with a five-month old baby had secured the house at 13 Waliki Court for $674,000.
The sale beat the $600,000 reserve price.
Ms Williams said the 789sq m property was next to a park at the end of the court.
She said owners had converted the garage into a kid’s play area with a separate study nook during last year’s Covid lockdown, increasing the living space already on offer in the house.
Harcourts, North Geelong agent Joe Grgic said five parties attended an auction at the agency’s Separation Street offices to vie for a four-bedroom house at 21 Mackie Close, Hamlyn Heights.
The home sold for $1 million, beating price hopes of $770,000 to $830,000, although the buyer won’t get the keys until April, 2022, with a secure tenant in place until that time.
Mr Grgic said the number of bidders at the auction was surprising, given 90 per cent of potential buyers were turned off at the prospect of waiting close to a year before getting access to the immaculate home.
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