Online auctions: big results notched as crowds tune in across Melbourne

Online auctions drew in big crowds, as people tuned into the competition from their living rooms.

About 122 groups watched on as six bidders competed for the keys of 68 Roy St in Donvale on Anywhere Auctions. The online bidding service was inundated with 87 bids before the hammer finally fell at $905,000.

Barry Plant Doncaster East agent Jason Stepanow said it was fantastic to notch a result $75,000 above reserve in the office’s first online auction.

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68 Roy St, Donvale sold for $905,000 at auction.

Barry Plant auctioneer Spiro Drossos selling 68 Roy St, Donvale online.

“The opening bid was $100,000 below the price guide and it took a while to get to the final figure, but it was really worth it,” Mr Stepanow said.

“A local buyer from Doncaster East won the keys, but they were competing against people in the western suburbs, a buyer in Sydney and another buyer who was bidding during his lunch break at work.”

It was the first time the three-bedroom brick home sold since being built decades ago.

The property sold for the first time in its history.

There were multiple bidders for the house.

Despite a ban on open for inspections, there were 55 private group walk-throughs during the campaign.

Mr Stepanow said it was a popular choice because there was a shortage of stock for homes at an entry-level price point in the area.

Another impressive result was recorded in Reservoir — a suburb known for having some of the city’s largest Saturday auction volumes before the public sales ban.

1/19 Monash Street, Reservoir sold online.

Inside the modern home.

The modern two-bedroom home at 1/19 Monash Ave sold for $661,000 after it attracted five bidders to the Harcourts Rata & Co auction.

Auctioneer Robert Ozzimo said a first-home buyer snapped up the property and planned to live there for a long time.

He said online auction competition had heated up compared to the first couple of weekends after the public auction ban.

Harcourts Reservoir auctioneer Robert Ozzimo selling the property online.

A first-home buyer plans to move in.

“(Auctions) this weekend looked better than what we’ve previously seen, because I think agents are learning more every week and continuing to improve the process,” Mr Ozzimo said.

“We’re also coaching buyers so they can understand the process and not be too daunted about the idea.”

Reservoir would continue to be an auction hot spot via online platforms, with many properties already booked in for the weeks to come, he added.

A Doncaster apartment at 4/719 Elgar Road soared $105,000 above reserve to $605,000 at auction.

There were five bidders who placed 42 bids between them for the three-bedroom pad, before it sold to a young couple renting in the area.

Ray White Doncaster agent Nicholas Richards said the result proved that going to auction was still the best method of sale.

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