Buyers had more choice today with 421 Ray White auctions across the country, and the leading group recorded 5.1 registered bidders and 3.1 active bidders on average nationally and a 78 per cent preliminary clearance rate.
The top auction sale of the day was through Ray White Touma Group director Roger Wardy who sold 149 Doncaster Ave, Kensington for $3.725 million.
Brandon Pilgrim of Ray White Norwood today sold 21 Stone St, Blair Athol today with 26 registered bidders, the highest number in the country. The three bedroom home sold for $1,120,500, well above its $880,000 reserve.
In Melbourne today, history was made when Ray White Cheltenham agent and master auctioneer Greg Brydon sold a converted church at 3/30A Ormond Rd, Elwoodat auction while wearing Virtual Reality goggles which meant his sellers could see all the action.
The world first VR property auction lasted a total of 9.5 minutes! See the all the details below.
Ray White represents the dominant 45 per cent of the 1,951 capital city homes scheduled for auction this week. One year ago, 1,739 auctions were held across the combined capital cities.
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VICTORIA
Ray White Victoria Chief Auctioneer Jeremy Tyrell said the real estate market had settled into “a nice groove” as volume remains consistent at plus 100+ auctions for four consecutive weeks, with this week’s total of scheduled auctions across the state at 236.
“Competition remains strong and overall buyer sentiment positive as 72.5 per cent of this week’s auctions were snapped up,” he said.
“Across the grounds there were many reports of large crowds and multiple active bidders battling it out for their piece of the great Australian dream.
“Population growth and a continually tight rental sector are keeping demand for property high. This week saw sellers achieve (on average) a sale price 5.6% higher than reserve.
“These trends look to settle in over the next quarter to the end of the financial year.”
Sold under the hammer $695,000
7 bidders, 7 active active
Lead agent/auctioneer Phillip Mercieca
Ray White Gladstone Park
Mr Mercieca said it was a fast and furious auction with seven active bidders all competing for this spacious four bedroom home in Greenvale gardens,
“They were all first home buyers on this nine year old house. There was a big crowd of around 50 people too who were out to watch the market action.”
Sold under $1,487,000 ($1.355 million reserve)
5 registered bidders, 4 active bidders
Ray White Cheltenham agent/auctioneer Greg Brydon
In Elwood today, history was made when Greg Brydon sold this converted church at auction while wearing Virtual Reality goggles which meant his sellers could see all the action.
The world first VR property auction lasted a total of 9.5 minutes.
“After I described the property the actual auction only lasted four minutes. Four minutes and we made history,” Mr Brydon said.
“My sellers felt like they were in the thick of the action. Never before has a seller had the ability to directly see what the auctioneer sees and/or communicate with them in real time to provide instructions to put the home ‘on the market’,” he said.
“No more peeking through the curtains, my sellers could see what I could see.”
The auction opened at $1.275 million which went up quickly to $1.3 million and then $1.35 million and the auction then broke down in $20,000s.
“My sellers are absolutely stoked with the result, they are downsizers and have loved their time in the Elwood lifestyle and community. The new owner is a lady from Sassafras in the Dandenong Ranges.
“The technology worked seamlessly. The future is here and I would definitely use the VR headset again. All along I have maintained that this puts my vendors first, it gives them a first person view and you need to have that when making a split second decision about your biggest asset.
“In a high pressure scenario, where the seller’s biggest asset is on the line, it is crucial for the auctioneer/vendor to be able to have real time communication without breaking the momentum/emotion of the auction.”
Sold under the hammer for $855,000
4 registered bidders and 2 active bidders
Ray White Cheltenham agent/auctioneer Kevin Chokshi
Mr Chokski said that both his buyers and sellers were all downsizers. “My sellers are happy with the result and they are moving closer to family,” he said, with a large crowd watching on.
For an overview of other states and for more detail, click here to be re-directed to the full article.
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