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DESPITE the rain in many parts of Australia we still had more than 12,800 people attend our auctions last week which is a fantastic sign of people being interested in this market.
The Ray White network conducted some 363 auctions on Saturday with 2.1 registered bidders to book a preliminary clearance of 50 per cent in Victoria and 46 per cent in New Zealand which is awesome.
The highest sale of the week again went to Diana Dai of Ray White Manningham in Victoria who sold 1 Crom St, Balwyn.
The auction that received the highest number of registered bidders was this2 bedroom unit that is ripe for renovation in Albion, on the market with auction pro Ian Cuneo of Ray White Ascot which sold for $303,000.
"If you have an open mind and can see past this rough gem then you need to see the opportunity for what it could become - a beautiful diamond. Rip out the old kitchen and bathroom, carpets the lot. When you're finished and stand back you will have created a stunning contemporary unit with arguably the best city views in the entry level unit market of Brisbane," said Ian Cuneo, who was marketing it with Jack Cuneo.
Still in Brisbane, agent Ben Cannon of Stones Corner advises to never underestimate the value of property styling. He sold 24 Mirang St, Mansfield on Saturday for $839,000.
There was a crowd of 50 people watching on as 10 registered bidders vied for the impeccably styled five bedroom home on a 531sq m corner block. The price achieved smashed the street record by $189,000.
“The way they finished it, just everything, the music, they had fragrances in those diffusers. I don’t think people realise how much that can add to the sale,” Mr Cannon said.
“The bidding started at $650K and it was rapid fire to $750,000 - $775,000 and then it came down to three players. One would go $5000, and another would go up by $1000, and another would go $1000, one would go $5000 and then it got through that to $820,000 and it stalled.
“Private negotiations got buyers to $830,000, where it came on the market and it sold to $839,000 and that was achieved through two parties going $1000 at a time — it was an interesting one.”
Vendor Eliza Roberts and her builder husband Nath purchased the home in 2005.
Mrs Roberts, who also co-owns property styling company Sunday Society with her mother, told local media that when they purchased 1965-built home it was in “original condition”.
“We moved every wall except two, and we added more bedrooms, so it was a three bedroom, one bathroom (home) and now it’s a five bedroom, two-and-a-half bath,” she said.
Mrs Roberts said Sunday Society went above and beyond the “normal styling”, as was the case at their own home.
“We like to take it to the next level and put a few more layers in and really add that emotional feel,” she said.
“You walk in and from the experience that everything smells good, it looks good, the lightings on, all the air-conditioning is on … even down to the books.
“So you can see yourself living there.
https://www.youtube.com/watch?...
And we love the marketing work of young rural property agent, George Southwell, who couldn't understand why more people don’t live in Boorowa. So he filmed a video to challenge city-siders to consider it.
Looking at lifestyle, cost and house prices, he has posted a ‘research’ video ahead of the auction on saturday of this sprawling five-bed, three-bath home called ‘Cotton Wood Grove’ in the town.
“Boorowa is a fantastic town on the NSW south west slopes, with a population of only 1200 or so. I get the allure of country kids heading to the city, but I thought we should compare the pair, as they say,” he said.
The video is titled ‘Boorowa versus Bondi’ and the good news is - it’s still for sale.
