Victorian Auctions

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Auction attendance restrictions are soon to be eased further in Victoria.
The Victorian Premier Daniel Andrews announced on Sunday that up to 50 people will be allowed at public auctions — up from 20 —  from midnight on June 21.
On-site real estate auctions were able to go ahead from mid-May but limited to 10 people, plus the minimum amount of people required to facilitate the sale and those selling the house.
On-site auctions had been banned since March, when restrictions began.
The lack of auctions saw buyer activity plummet in Melbourne, with online auctions struggling to replace their in-person counterparts.
 
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50 attendees allowed at Victorian onsite weekend auctions

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A double-fronted Victorian in original condition in Melbourne’s Yarraville has sold at auction for $1.81 million, well above the expected range of $1.4-1.5 million.
The house at <a href="https://www.realestate.com.au/sold/property-house-vic-yarraville-125568406" target="_blank">9 Fairlie Street</a> was described as “a classic case of being probably the worst house on one of the better streets”.
The four-bedder sits on a large area of 760 sqm and was assessed by property agency National Property Buyers at $1,650,000 - $1,700,000, it said in a newsletter.
The selling agents were Leigh Melbourne and Wayne Elly of Greg Hocking Elly Partners.
<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/2017/07/11/Yarraville2.jpg" alt="">
The description says that the un-renovated house is  “ready to be rescued and re-invented”, implying there is scope for refurbishment or redevelopment.
It comprises four bedrooms arranged around a central living room, a kitchen/meals area and bathroom. 
To the rear, the garden offers possible redevelopment scope subject to council approval.
It is close to Seddon station, Yarraville Gardens, village cafes and the city. 
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Yarraville Victorian house achieves standout result at auction

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Glen Waverley leads the top auction location in Victoria this week, according to the REIV.
The REIV expects around 1,030 auctions across 326 suburbs this weekend with 16 auctions in Glen Waverley, 14 in Richmond then Mount Waverley, Reservoir, and St Albans with thirteen auctions in each.
<a href="https://www.propertyobserver.com.au/images/2017/06/16/Screen%20Shot%202017-06-16%20at%2010.21.04%20AM.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/06/16/Screen%20Shot%202017-06-16%20at%2010.21.04%20AM.png" alt="">
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