Market flush before Anzac Day interval

Thursday, July 5, 2018

There were some good deals on offer at auction before the Anzac weekend exodus.A huge pool of properties was poured on to the market to beat a holiday exodus next weekend.

In Port Melbourne, a fizzer auction of a modern one-bedroom apartment puzzled Parkinson’s Frank Mlikota when a crowd of just two turned up.

One was a buyer, the other a neighbour. Mlikota passed in 106/115 Nott Street on one bid at $410,00, and seeks $440,000.

Rental at $450 a week offers an investor a solid 5.3 per cent yield and an owner occupier “could buy it cheaper than renting it”, he said.

Meanwhile a “tiny” two-bedroom Victorian terrace in Northcote drew four bidders and a lofty $7273 for each of its 117 square metres, reported buyers advocate Janet Spencer.

Nelson Alexander sold 24 George Street for $851,000.

A three-bedroom unit at 6/33-39 Hopetoun Parade, Box Hill, with a close walk to the railway station and shopping complex was on private sale two years ago seeking $570,000, Dennis Dellas of First National Lindellas said.

That sale failed, but on Saturday it brought $668,000 – almost $100,000 more.

One of Melbourne’s first townhouses (built around 1972), a two-bedroom and study unit at 4/32 Walmer Street, Kew, attracted a two-bidder shootout that finished at $1.89 million for Jellis Craig’s Alastair Craig (reserve $1.7 million).

It offered the rare chance to bag a position opposite Yarra Bend parklands at “entry point pricing”.

The rarity of a single-level modern house in Mont Albert drove the price of a three-bedroom dwelling at 70 Victoria Crescent $450,000 over reserve.

Down-sizers from Balwyn fought off five other bidders.

“Everyone has two-storey houses out here,” said hockingstuart auctioneer Troy Rendle, who sold it for $1.85 million.

Call Auction Action with your auction results, tips and comments on 8667 1147 between 11am and 4.45pm on Saturday, or email [email protected]苏州美甲美睫培训学校419论坛.

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