Seddon

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Village Real Estate, which has offices in Seddon and Newport in Melbourne's inner west, have been found to have breached consumer law after being investigated by Consumer Affairs Victoria (CAV) for underquoting the advertised price of a property.
Marty Rankin, a director of Village Real Estate has spoken candidly about the underquoting.
The worst example was a <a href="https://www.realestate.com.au/sold/property-house-vic-seddon-121648866" target="_blank">Seddon property</a>. 
The three-bedroom house was advertised for as low as “$770,000 plus” in January last year, despite agents having already rejected a private offer of $900,000 the previous month.
The vendors had also been advised they would not consider anything below $950,000.
<div>During the auction marketing campaign he advertised price was revised to “$800,000 plus”.</div>
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<div>Auctioneer Huss Saad announced to bidders they were “playing for keeps” — suggesting it had reached its reserve price — when the bidding reached $950,000.</div>
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<div>It sold under the hammer for $995,000.</div>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/27/25%20Pilgrim%20Street.jpg" alt="">
Village Real Estate have resolved to implement changes in line with the new forthcoming regulations in addition to instilling company best practice policies to amend the whole property pricing process.
“We hold ourselves accountable for our actions.” said Mr Rankin. 
“We are not proud of the incident," he said.  
“Ultimately, if representatives of the industry cease trying to compete with other agents to irresponsibly promote properties with misleading price ranges, then all buyers and sellers will enjoy a more open and honest transaction."
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j.ballantyne1990-6AQqhLzZaK

Seddon auction underquoting prompts Village Real Estate to review property pricing process

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The former T.J. Cawthorns Corner grocery store at 4 Alexander Street in Seddon, Victoria is on the market for between $1.55 and $1.7 million.
Dubbed the ETA Peanut Butter house by locals, the double-brick, mid-Victorian shopfront has potential to extend and re-develop, according to the listing.
It has dual frontages to both Alexander Street and Werner Street and <a href="https://www.realestate.com.au/property-house-vic-seddon-126047630" target="_blank">sits on a 363sqm (appx) site</a>.
The listing states it has 4 metre high, ornate pressed metal ceilings in the enormous studio/shop front, along with double front display windows and polished concrete floors.
"Rooms include a secure store-room/bedroom/office along with three double bedrooms, two featuring polished boards and built-in robes, one featuring cast fireplace and leadlight windows," it said.
"Living area provides a northerly garden aspect. Kitchen offers a sun drenched box bay window, meals/dining living space with built in window box seating and cedar bookshelves, polished Kauri floorboards and gas heating/cooking. 
"The large backyard features a recently built weatherboard studio with north facing window and built in shelving, off street parking, rainwater tank, recycled brick paving and gorgeous fruiting olive, apricot and fig trees.
"The home is solar passive with a zone 8 thermal mass, R36 wool insulation, North-East aspect and solar panels.
"Perfect for an imaginative residential development, or simply update the kitchen &amp; bathroom for a very cool and contemporary home business."
The property goes to auction 1pm, Saturday 26 August through Sweeney Estate Agents Yarraville.
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Former T.J. Cawthorns Corner grocery, Seddon listed

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The former T.J. Cawthorns Corner grocery store at 4 Alexander Street in Seddon, Victoria is on the market for between $1.55 and $1.7 million.
Dubbed the ETA Peanut Butter house by locals, the double-brick, mid-Victorian shopfront has potential to extend and re-develop, according to the listing.
It has dual frontages to both Alexander Street and Werner Street and <a href="https://www.realestate.com.au/property-house-vic-seddon-126047630" target="_blank">sits on a 363sqm (appx) site</a>.
The listing states it has 4 metre high, ornate pressed metal ceilings in the enormous studio/shop front, along with double front display windows and polished concrete floors.
"Rooms include a secure store-room/bedroom/office along with three double bedrooms, two featuring polished boards and built-in robes, one featuring cast fireplace and leadlight windows," it said.
"Living area provides a northerly garden aspect. Kitchen offers a sun drenched box bay window, meals/dining living space with built in window box seating and cedar bookshelves, polished Kauri floorboards and gas heating/cooking. 
"The large backyard features a recently built weatherboard studio with north facing window and built in shelving, off street parking, rainwater tank, recycled brick paving and gorgeous fruiting olive, apricot and fig trees.
"The home is solar passive with a zone 8 thermal mass, R36 wool insulation, North-East aspect and solar panels.
"Perfect for an imaginative residential development, or simply update the kitchen &amp; bathroom for a very cool and contemporary home business."
 The property goes to auction 1pm, Saturday 26 August through Sweeney Estate Agents Yarraville.
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jonathanchancellor-7SQnKwU6yx

Former T.J. Cawthorns Corner grocery store, Seddon listed

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A Melbourne property co-owned by comedian Andy Lee and his brother sold at weekend auction.
Lee and girlfriend Rebecca Harding entered the <a href="https://www.realestate.com.au/sold/property-house-vic-seddon-126527802" target="_blank">Seddon house</a> before the auction which saw the home sell for $1.04 million, well above its $730,000 to $800,000 marketing guide.
The agency's initial price guidance had been $700,000 to $770,000.
It last traded at $655,000 in 2010.
Renovated since their 2010 purchase, the single-fronted Victorian has two bedrooms, a study nook and an enclosed alfresco terrace.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/11/2/Seddon2.jpg" alt="">
Fletchers Real Estate Canterbury agents Harpreet Walia and Nick Fletcher sold the home.
It had been a rental for most of the past five years with asking rents around $480 to $500 a week.
Another Melbourne comedian has been busy in the property market.
Dave Hughes <a href="https://www.urban.com.au/news/77556-dave-hughes-buys-the-block-elsternwick-from-josh-and-e" target="_blank">bid $3.07 million</a> for the renovated Block Elsternwick home of winners Josh and Elyse at the televised auction last weekend.
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