A website crash moments before the live streamed auction of an Adelaide Hills home wasn’t enough to stop it from selling under the hammer.
The house at 35 Onkaparinga Valley Rd, Verdun, was one of the first South Australian properties to be sold via virtual means following changes that swept across Australia’s real estate industry last week.
The home had five registered bidders and sold for $405,000, which was within its $385,000 to $415,000 price guide, at auction on Friday.
It was originally scheduled to be auctioned on-site that same day before Prime Minister Scott Morrison announced auctions and open inspections of homes were banned as part of the latest restrictions in the wake of the coronavirus pandemic.
Selling agent Chris Weston, of Raine & Horne Oakbank, labelled the auction of the Verdun home a success despite the hiccup at the beginning.
“We had set up with an online platform with a Sydney website and it crashed six minutes before auction, and kept crashing,” Mr Weston said.
“So we had five registered bidders all ring through on their mobile, Brett Roenfeldt (Real Estate Institute of South Australia president) as auctioneer, and it sold under genuine auction conditions for a price within the expectation.
“You could all hear what was going on, it was very transparent, very fair.
“The bidders were all understanding of the website crashing. It was simply overloaded, I think we had a lot of agents tuning in because we were kind of guinea pigs in a way.”
Mr Weston said live streamed auction were a way of the future regardless of the COVID-19 restrictions.
“You’ll see a lot more of this as time goes by, the car industry has been doing this for a decade or so,” he said.
“We were all very pleased with the auction. The vendor is happy.”
Meanwhile, Adelaide recorded an auction clearance rate of 57.1 per cent last week, up from 53.9 per cent at the same time last year.
There were 28 properties that went to auction, 13 of which sold under the hammer.
This compares to a 106 listings for the same time last year, according to CoreLogic data.
Adelaide’s clearance rate for the week prior was 64.9 per cent with 37 properties going to auction.