With the easing of restrictions here in regional Victoria one week ago we were finally able to conduct 4 of our auctions that had been postponed, some more than once. A character home in Clarence Street, Geelong West smashed through its reserve and strong interest in a solid brick veneer home in Bell Park resulted in a sale $46,000 over its reserve. The auction of a brick veneer home in Highton sold shortly after auction and the final auction was a commercial premises in Pakington Street which sold under the hammer for an astounding $3.9m, proving the enduring popularity of Pakington Street as a commercial and retail hub.
Melbourne buyers have been unable to inspect properties or bid at auctions but we are still able to assist them to buy with confidence with the help of virtual 360 walk through tours, building inspections by local inspectors and buyers advocates or friends in the region to
attend auctions on their behalf.
Investors and Melburnians seeking a new life in regional Victoria are continuing to create strong demand for property and with limited supply due to ongoing uncertainty this year, conditions are primed for sellers to capitalise on this buoyant Geelong market.
Until next week,
Nick Lord (Director)