Real Estate

Auction action back in popular inner suburbs

Written by The ReReport
As seen in the Source link, written by on 2019-02-01 15:35:17

2/33 Eildon Rd, St Kilda will be the first auction in the suburb for 2019.

Auction action in the inner ring is back in business this weekend, and first-home buyers are ready to make a move.

Bustling ‘burbs including St Kilda, Albert Park and Hawthorn East will host their first auctions for the year, and agents have high hopes of securing results.

An Art Deco apartment at 2/33 Eildon Rd, St Kilda is expected to sell under the hammer tomorrow.

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2/33 Eildon Rd, St Kilda is going to auction on Saturday.

It has a $420,000-$450,000 price guide.

McGrath St Kilda director Michael Townsend said more than 30 groups inspected the one-bedroom property during its campaign.

“There are seven contracts already out there being reviewed, and we’re expecting at least three or four bidders,” he said.

“It has attracted first-home buyers and a few investors who are looking to jump into the market early this year.”

The charming 1940s apartment has an affordable $420,000-$450,000 price guide.

A terrace at 103 Ashworth St in Albert Park will be one of the first family-sized houses located near the city to be auctioned this year.

103 Ashworth St, Albert Park is headed to auction.

The three-bedroom house has attracted young couples.

The three-bedroom Victorian with a modern interior has a $1.55 million-$1.65 million price guide.

Wilson agent Grace Le-francke said young couples had shown interest in the property.

“This is a real entry-point property into Albert Park,” she said.

“Most houses in the suburb with three bedrooms and two bathrooms sell for over $2 million, so it’s attracted a lot of attention.”

It has a $1.55 million-$1.65 million price guide.

In Collingwood, a last-minute sale was notched for a one-bedroom apartment, which was scheduled for auction on Saturday.

The modern abode at 304/80 Stanley St sold within its $430,000-$470,000 price guide for an undisclosed figure, Jellis Craig Fitzroy agent Luke Dinakis said.

“It sold before auction because the vendor was motivated to secure a result,” Mr Dinakis said.

“A first-home buyer, who is a young professional, made an offer and bought the apartment this week.”

304/80 Stanley St, Collingwood sold ahead of its scheduled Saturday auction.

It sold within its $430,000-$470,000 price guide.

Offers before auction were more frequently accepted by vendors in the softer market, Mr Dinakis added.

“Vendors have to make the right call in this climate, and look at how the campaign is travelling before deciding to sell ahead of schedule,” he said.

“But the inner-city market is still performing well for one- and two-bedroom apartments that have been well designed.”

137 Hotham St, Collingwood is now scheduled to be the suburb’s first auction.

The terrace is expected to go under the hammer on February 16.

Collingwood’s first auction is now set for February 16, when a two-bedroom Victorian terrace at 137 Hotham St goes under the hammer.

Apartments in Footscray, Hawthorn East and Southbank will also go to auction, kicking off Saturday sales for the suburbs.

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