Buyers beat Victoria’s latest Covid-19 lockdown by less than an hour at an impromptu auction in Bell Post Hill.
Thursday’s auction at 45 Rollins Rd came an hour before Lockdown 6.0 came into force amid two outbreaks in Melbourne’s west.
At least a dozen Geelong sellers hurriedly switched to online platforms as the lockdown shut in-person auctions for the third week in the past month.
That’s down from the 34 auctions originally scheduled to be called on Saturday, some having been postponed due to the previous lockdown.
Buxton, Highton agent David Gray said previous lockdowns had generated a spike in inquiry as people used their time to consider their next property move.
“I think people sat at their tablets and laptops and looked at real estate. My phone rang a lot and my emails were really busy.
“(Buyers) make decisions when they’ve got time to think,” he said.
“In each lockdown earlier in the year there was a real spike in activity.
“And with the shortage of listings available, it seems in each lockdown people make decisions and start to inquire and we see a real spike in interest and buyer activity.”
Barry Plant, Highton agent Matthew Hunt said buyers had three hours notice before the renovated three-bedroom Rollins Rd home was auctioned.
“We made the decision at 4pm and everyone was there who intended to bid at 7pm,” he said.
While seven parties stood in the gloom, three bid for the brick veneer residence, offered with a $580,000 reserve price.
“The opening bid was $530,000 and the next bid was at $590,000. And then we got up to $660,000 – so it was a short and sharp auction,” he said.
The buyers were preparing to move in.
“They were in love with the renovations that the owners had done but also loved the position,” Mr Hunt said.
A Belmont vendors’ decision to act on a pre-auction offer was rewarded at 28 Elsvern Ave, where the renovated three-bedroom house sold for $935,000, beating price hopes by $75,000.
Having been happy to deal with a strong offer, the vendors fortuitously dodged the lockdown.
“One really interested party that didn’t want to wait until Saturday made an offer last week,” Mr Gray said.
“We essentially had an auction before the auction — when you get such a good offer you have to do something about it.”
Mr Gray said three other people that made offers.
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