Fitzroy North tops sales, with Strathfield seizing Sydney's highest result for second consecutive weekend
The May 2012 auction of an Alfred Crescent, Fitzroy North (pictured above) terrace, Walkley was one of Melbourne’s biggest auctions of the year.
A massive crowd looked on as two buyers went head to head for almost an hour, until the hammer fell at $4.2 million.
On Saturday, the 1888 Victorian Italianate Boom Style property right next door, Mygunyah, (pictured below) was auctioned.
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Although the houses facing Edinburgh Gardens were different, the block of land was a similar 740 square metres, noted Mark Armstrong of Property Tycoon.
Bidding opened at $2.8 million.
The Nelson Alexander listing agency had indicated buyer interest was around $3 million to $3.4 million.
There were three – or one report said four – bidders, and after it was announced in the market at $3.5 million, it was sold for a soft $3.53 million.
The price is not disclosed by Nelson Alexander in the official REIV results, a futile exercise given almost every buyers agent in Melbourne was in attendance.
There were six registered bidders when Strathfield's priciest listing went to weekend auction, and no secrecy.
The auctioneer Bob Jury called it on the market at $2,170,000 before a crowd of about 40-plus attendees. The Newtown Road offering sold for $2.21 million through Georges Ellis & Co Real Estate.
"Strathfield seems to be holding well. There isn't much on the market which is frustrating buyers; creating urgency not to miss out on auction day," selling agent Joseph Georges said.
"There's still plenty of buyers above $2 million looking for the right family home," he said.
There was a three-level modern Strathfield residence that topped the prior week's sales at $2,525,000.
Sydney's overall result was 60.5%, according to Australian Property Monitors, compared with the revised 59.8% of the prior weekend. The provisional Saturday night rate had been 63.6%, so quite a revision.
It was 53% on the same weekend last July.
The Real Estate Institute of Victoria reported a clearance rate of 62% the same as the 62% last weekend and 57% the same weekend last year.
