Three neighbouring Doncaster properties all sold for over $150,000 above their reserve prices on a weekend when the clearance rate from 61 recorded auctions soared to 88.5 per cent.
It was the most successful figure for Manningham and Whitehorse since the 91 per cent clearance rate recorded off just 22 results in mid-July.
The four-bedroom house at No. 19 sold for $1.315 million, topping the reserve price of $1.15 million. Just minutes later the same buyer picked up No. 21 for $1.41 million: $310,000 beyond the reserve price.
Finally, No. 23 sold for $1,394,500 to a man from Brunei who flew in for the auction. That sale was almost $250,000 above the reserve price.
Philip Webb Doncaster East agent Robert Groeneveld said most buyers were interested in the adjoining properties individually, with less demand from developers looking to secure all three.
“The interest that we had to buy all three together was a small pool,” Mr Groeneveld said.
“The majority of the interest was from people wanting to owner-occupy the home, not from builders and developers.”
But the buyer of Nos. 19 and 21 planned to do a development project on the sites, Mr Groeneveld said.
Each auction saw between three and four bidders competing, he said: “there’s a shortage of quality properties on the market”.
“Quality locations will always do well and this is certainly one of Doncaster’s finest pockets.”
Still in Doncaster, an international buyer unwilling to compete in auction conditions placed a knockout offer to secure 16 Bordeaux St days before it went under the hammer.
Having missed out on two other homes in the area at recent auctions, the buyer submitted a $1.6 million offer for the five-bedroom house. The offer well exceeded the quoted price range of $1.38-$1.45 million.
Jellis Craig Doncaster director Chris Savvides said the buyers had seen the property for the first time the day before they submitted their offer and “didn’t want to miss out”.
“They made a very strong offer above all the interest that we’d had — way, way above,” he said.
“We went back to the other buyers and there was no one within the range — the owners decided to take it.”
Mr Savvides said his agency was selling less properties before auctions, as vendors sought to take advantage of lack of stock and multiple bidders to drive up prices.