A number of properties changed hands in the past week across the RT Edgar network, with a notable off-market sale at 216 Kooyong Road, Toorak, which sold in just five days.
Through the strategic approach, Toorak sales agent Max Ruttner was able to make the seamless exchange while maintaining complete confidentiality of the listing.
“Our team was able to transact this home through a private sale process in under one week, one of the benefits of having strong relationships with vendors and buyers,” Mr Ruttner said.
“We knew the buyer’s requirements, and the type of home they wanted to purchase, so having that understanding allowed us to contact them directly once the home was listed.”
The luxury, three-bedroom residence spanned over three levels, designed by David Edelman architects. The beautifully landscaped gardens by Jack Merlo, feature a plunge pool, while the contemporary interior layout includes lift access.
Demand peaks for turn-key homes
Selling under the hammer, 80 Templestowe Road, Bulleen, achieved a big result over the weekend, according to sales agent Paul Ibrahim.
“For its main road location, the property achieved $2.010 million, with two buyers vying for the keys, a great result,” he said.
“Featuring a great alfresco entertaining space, and being fully renovated with no work required, were the biggest selling points for this home.”
The campaign drew 60 buyers, with 30 groups in attendance at the auction. The four-bedroom home fell to a Buyers Advocate, representing an interstate buyer.
Starting with a vendor bid at $1.8 million, the auction progressed quickly to achieve $60,000 above the vendor’s reserve.
“The biggest thing we’re seeing in today’s market is the demand for newly renovated, turn-key homes,” Mr Ibrahim said.
“Building and constructions costs are so high, it’s drawing people away from older, unrenovated homes.”
Five offers on the table for Canterbury period-style home
A strong campaign at 6 Keats Street, Canterbury drew 79 groups through open inspections over its four-week campaign. The five-bedroom property sold via an expression of interest sale, with five offers within the quoted range.
"The property was in immaculate condition, and though it appears to be a period home, it's just 17 years old," sales agent Helena Chow said.
"The same owners kept the property in its original condition, however it is so well-maintained, offers beautiful curb-appeal and contains enticing contemporary features, including a 6-car basement garage, home theatre and cellar."
Ms Chow says she is now dealing with four underbidders keen to buy within the area.
In a recent Expression of Interest campaign, 12 Durkin Street, Newport sold within the vicinity of $2.3 million.
A recent renovation has given this double-fronted Victorian cottage a new lease on life.
Small property sale makes for a big lifestyle change
Down the peninsula, a much smaller scale property changed hands at152 Rosebud Foreshore.
Positioned on the sandy shoreline, a beautifully renovated beach box sold for $160,000 in a private sale to Northcote locals, looking to for a sea change on their weekends and holidays.
Victoria achieved at 72 per cent clearance rate, wit 692 auctions reported, according to REIV. 500 properties sold under the hammer, with 124 sold prior to auction.