Melbourne lockdown real estate: Last-minute auctions beat restrictions

No 3/52 Windsor Crescent, Surrey Hills sold at an early auction before lockdown.

Agents rushed their Saturday sales forward with last-minute auctions to get in before Victoria’s fifth lockdown kicked in on Thursday at midnight.

Among the early results was a Surrey Hills unit that sold for $925,000 at an early on-site auction, in order to avoid going virtual.

An impressive nine bidders fought it out for the two-bedroom unit at 3/52 Windsor Crescent, which was priced at $730,000-$800,000.

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Inside the cosy pad.

Open-plan living.

Cook up a storm.

“Most buyers were grateful for the move as they also preferred an on-site auction,” Philip Webb agent Robert Groeneveld said.

Bidding started at $730,000 with two-first home buyers fighting it out at the end.

“The vendor purchased the property 10 years ago as a young couple with no kids, and they are passing the baton to another first-home buyer couple with no kids,” the agent noted.

He said the property “ticked all the boxes” for buyers with a sub-million-dollar budget, who still wanted to live in blue-chip areas.

“The unit is on Windsor Crescent, which is the premier street In Surrey Hills,” Mr Groeneveld said. “With median sales prices escalating, soon it will be difficult to find a villa unit for less than $1m.”

Wake up to sun shining through the window.

A spacious bathroom.

There was even a courtyard.

Barry Plant chief executive Mike McCarthy said the early auctions also had the benefit of being removed from the competition of a traditional Saturday.

He said the “really strong” auctions were the ones his office had bought forward, while in excess of half appeared to be going ahead as scheduled online.

“Anyone that’s not sure about how it will go might decided to run the campaign for another week or two to get some extra buyers in,” Mr McCarthy added.

Barry Plant St Albans sold a four-bedroom house at 71 Marshall Ave, St Albans for $679,000 – about $70,000 more than the top of its quotes range.

The agency also sold a three-bedroom unit at 1/18 Meadow Rd, Croydon North for

$670,000.

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