Under the hammer this Saturday

A LARGE bounce in auction volume sees the Ray White Group scheduling more than 320 auctions across the country this Saturday, up from last Saturday’s total of 184.

Victoria maintains its leads in terms of total number of homes expected to go under the hammer (120), followed by New South Wales (103), Queensland (57), South Australia (21), ACT (17) and Western Australia (5).

It appears auction volumes aren't the only figures on the rise, as many of our agents are reporting larger numbers at open homes during their marketing campaigns.

With more than 110 people inspecting the property and over 25 contract requests, the 10.30am auction of a unit in Sydney’s Coogee is shaping up as one to watch.

The three-bedroom, two-bathroom 1970s property at 2/68-70 Bream St, Coogee (above) is virtually untouched, aside from the kitchen cabinets, according to Ray White Brighton-Le-Sands principal Elia Economou.

“It’s a property you can do whatever you want with as it’s basically a blank canvas,” Mr Economou said.

“We’ve had everyone looking, it’s amazing. We’ve had first home buyers, investors and locals. We always expected interest but this has exceeded everyone’s expectations.”

Mr Economou said the property had been held by the same family since its construction, and was being taken to auction with a price guide of $1.1 million to $1.2 million.

Ray White Drummoyne director Chris Wilkins is taking a charming period semi (above) to auction at 3pm with a price guide of $1.2 million.

The two-bedroom, one-bathroom home at 32 Dening St, Drummoyne is only a few hundred metres from the water, and offers great scope to improve.

“I’ve had young couples, older couples and everyone in between inspect this home,” Mr Wilkins said.

“I would have had 50 to 60 groups through. It’s got great character, size and a north-facing aspect.”

West of Sydney’s CBD at Bossley Park is the 11am auction of a large five-bedroom family home, one of the newer builds in the established area.

“It’s attracting lots of attention from buyers with around 70 groups through which is strong,” Ray White Wetherill Park/Cecil Hills agent Blaz Dejanovic said of 7 Glen Osmond Crescent (above).

“Most homes in the area are around 35 years old, and this one’s 14. It’s also in one of the best locations in Bossley Park.”

To Brisbane where a post-war property on an enormous 814sq m block of land with full city views will go under the hammer at midday (AEST) through Ray White Sherwood - Graceville’s Michael Nolan and Adam Edwards.

The north-facing LMR zoned property at 37 Bracken St, Moorooka (above) offers opportunity to either raise and renovate the existing house, or completely rebuild on 814sq m or the two new allotments.

“It’s been in the same family I think since 1948,” Mr Edwards said.

“It’s probably the only development site on a 814 square metre block in that whole pocket east of Beaudesert Road.”

Closer towards beautiful Moreton Bay is the 2.30pm auction of a renovated Queenslander at 77 Waterview Ave, Wynnum (above).

The 550sq m property is on a popular tree-lined street, close to Wynnum Golf Club and within a short walk of the train and bus.

“We’ve had a fair bit of interstate interest,” Ray White Manly principal Scott Kelleher said.

“Nearby Manly is quite well known among the yachting fraternity. It’s very much a community so it’s unique in that regard, it’s a destination suburb.”

Mr Kelleher said traditional interstate buyers were buying in the inner-city suburbs and visiting Wynnum and Manly for fish and chips, but with the rise in social media use, they were becoming more aware of the beauty and value on offer within Brisbane’s southern bayside.

Within walking distance of Brisbane’s CBD is 44 Alma St, Paddington (above) which will go under the hammer at 10am.

Ray White Paddington’s Andrew Murray sold the home to the current vendors a couple of years ago, when they purchased the property as first home buyers keen to renovate.

It’s now an impressive contemporary single-level house with a large deck and level backyard.

“It’s an early 1900s cottage which they completely redid,” Mr Murray said.

“They gutted the cottage and did all the interior walls, ceilings, flooring, really just leaving the facade.”

Mr Murray said young families hoping to buy into the Milton State School catchment, as well as executive couples looking to live close to the city were showing the most interest, with more than 80 inspections held during the campaign.”

In Melbourne, the Ray White Gladstone Park team are preparing for another busy Saturday with director and auctioneer Phillip Mercieca taking 7 Neath Close, Gladstone Park (above) to auction at 11am.

“It’s different for Gladstone Park as it’s a much larger home than what you would typically find,” Mr Mercieca said.

“It’s had a massive extension so it’s a larger family home, in a great spot too.”

Mr Mercieca has listed a price guide of $610,000 to $660,000.

Ray White Craigieburn’s Trish Orrico will be back wielding the hammer at the 11am auction of 16 Mosman Way, Craigieburn (above).

Ms Orrico said the 740sq m property, with a price guide of $550,000 to $600,000, was one of Fairways’ largest allotments.

“It’s very rare you’ll get nice newer homes on big land plots here,” she said.

“If you’re getting newer homes here, you’re generally getting them on much smaller blocks of land. That’s why we’ve had more than 68 groups through with more opens to go. There’s been massive interest purely because of what the home offers.”

At 2pm, the owners of 4/32 Tuck St, Cheltenham (above) will be watching their property go under the hammer on a screen from their new base in America.

“The owners will be watching live on Gavl from overseas,” Ray White Cheltenham’s Kevin Chokshi said.

“It’s a nice unit in a nice location, just a five minute walk to the train station and in the school zoning for Mentone and Beaumaris.”

Mr Chokshi has attached a price guide of $600,000 to $660,000 to the two-bedroom renovated home.

Absent sellers will also be tuning in from afar for the 3pm auction of 31-33 The Boulevard, Narre Warren South (above).

“The owners live in Perth at the moment and got in contact with me through another auction I ran on the same street last year,” Ray White Narre Warren South’s Brett Armitage said.

“We’re going to stream the auction on Gavl so the owners can watch it from Perth.”

Mr Armitage has attached a price guide of $980,000 to $1,078,000.

More than 80 groups have inspected 3 Crown St, Glen Waverley (above), which will go under the hammer at 1pm through Ray White Glen Waverley’s Darryl Wickham.

“It's a good story as well, with the current owner building the home with her late husband nearly 60 years ago,” Mr Wickham said.

“Although the home is largely original inside, the home sits in the Glen Waverley school zone so there is still reasonable demand for this type of property.”

Going to auction at 10am is a single-level townhouse (above) which represents great value entry to the Highett Rd restaurant and rail precinct.

“There hasn’t been much sold in this area,” Ray White Cheltenham’s Georgie Christodoulou said.

“Highett hasn’t had many sales on the beach side, particularly single-level units.”

The three-bathroom, two-bedroom home at 4/1120-1122 Nepean Highway, Highett has a price guide of $625,000 to $685,000.

In Adelaide, a large two-storey home in heart of Craigburn Estate is scheduled to go under the hammer at 11.30am (ACDT) through Ray White Morphett Vale’s Jason O’Halloran.

“The area itself is a blue-chip pocket south of Adelaide,” Mr O’Halloran said.

“This property is on a prominent corner location, with a beautiful facade and lots of potential.”

Mr O’Halloran said the owner of 7 Myna Court, Flagstaff Hill (above) had requested a price guide of $500,000.

“That’s exceptional buying in the area,” Mr O’Halloran said.

"It has that vibe where you think, I could do something here, even without renovation experience, which is why I think a lot of people are interested but holding their cards close to their chests.”

If it’s a country escape buyers are after, with a bit of history thrown into the mix, then 230 Nettle Hill Rd, Hindmarsh Valley (above) could be a winner.

Going to auction at 10am through Ray White Marion & Brighton’s Luke Pocklington, the 1.68ha property with a dam and orchard is just ten minutes to Victor Harbor but away from the hustle of holiday-makers.

“It’s a 1915 heritage-listed home backing onto a conservation park so the rear boundary fence tucks up against the corner of the mountain,” Mr Pocklington said.

“I almost walked out of the appraisal because I wanted to buy it myself.”

Still in Adelaide, on Sunday, is the midday auction of 61 Sansom Rd, Semaphore (above) through Ray White Norwood’s Nick Borrelli.

Only 600m from the beach, the solid brick 1960s house has been renovated throughout.

“The sellers are relocating to be closer to family,” Mr Borrelli said.

“It’s of interest to first home buyers and people wanting an affordable sea change. We’ve had around 50 groups through so far.”