Auction battles are intensifying across Melbourne, with fierce competition pushing property prices well beyond expectations as buyers fight for quality homes. The surge in demand is driving impressive results in auctions throughout the city, particularly in sought-after areas.
One of the weekend’s top auction results came from Williamstown, where a four-bedroom home at 20 Anzac Crescent sold for $1.89 million, following a heated battle between two families. Williams Real Estate director Michael Harvey noted that confidence is returning to this blue-chip suburb, and when prices begin to rise, Williamstown is likely to see some of the most significant gains.
“We’re witnessing increased activity in Williamstown, and as prices rise, this area will be among the first to surge,” Harvey explained.
In Werribee, a last-minute bidder shocked the crowd at 1 Carbon Court by securing the home for $570,000, exceeding the $500,000-$550,000 price guide. YPA Wyndham City agent Kiarah Bagnato said the successful bidder hadn’t planned to participate but decided to jump in when the competition became too intense.
“It was an exciting auction with strong competition,” Bagnato said.
Over in Frankston, a first-home buyer triumphed over investors in a dramatic five-way bidding war for a property at 18 Helvetia Court, ultimately paying $885,000. Ray White Frankston agent George Devic described the auction as a “textbook example of competition,” highlighting the intense pace once the first bid was placed.
“There was that classic moment of silence at the beginning as buyers waited for someone else to make the first move, but once the bidding started, it quickly became a fast-paced, aggressive contest,” Devic said.
With demand remaining high across Melbourne, Ray White Victoria’s Jeremy Tyrrell reported an average of 6.4 bidders per auction. While the number of auctions was lower due to the long weekend, competition remained fierce. Tyrrell also forecasted that the market would become even more competitive as more properties hit the market before Easter.
“The competition is still intense, and with more properties expected to be listed soon, we anticipate even fiercer bidding wars,” Tyrrell said.
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