Bidders for a brand new Clyde North house won’t just be battling each other this weekend.
They’ll also FightMND as part of a no reserve auction for 106 Newgrange Blvd.
The home was built by Henley in Brown Property Group’s Meridian estate to raise funds for the charity co-founded by AFL legend and motor neurone disease sufferer Neil Daniher, who will attend the auction.
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And despite being one of 973 auctions slated for Melbourne this weekend, it’s shaping up for a bidding battle, according to Harcourts Narre Warren South director Bradley Ryan.
“We are pre-registering bidders and we are expecting a very big crowd,” Mr Ryan said.
“We are definitely seeing the numbers, they are virtually 10-fold to what we normally see.”
While the home has been priced at $725,000-$795,000, there is no reserve and it will sell for the top offer under the hammer.
“So everyone is playing their cards really close to their chest on price,” he said.
Families and even a few first-home buyers tempted by the fully furnished offering are expected to contest the keys.
Closer to town, The Agency’s Mark Sproule is putting 52 Clyde St, Kew under the hammer at noon with hopes of seeing the same competition he did the last time he sold it.
“I sold the home six years ago and there were seven bidders then, so we want history to repeat itself this weekend,” Mr Sproule said.
The six-bedroom house last sold for $2.18 million in 2013 and is now priced at $2.7-$2.8 million.
Early signs are good, with multiple buyers booking second inspections at the large home.
“And they are hard to find at the moment, even though there’s a lot of blended families with lots of kids looking to upsize and get closer to the school belt in this area,” he said.
CoreLogic Australian head of real estate Geoff White said a revised 50.6 per cent clearance rate last week was a pass mark for the first auction market test this year, despite falling from the 52.5 per cent a week prior.
“We went from 657 auctions to 1128, that’s a 72 per cent increase from week to week,” Mr White said.
“So I think it’s passed the test. You’d have to say Melbourne stacked up pretty well last week.”
He said there was every chance the clearance rate could remain above 50 per cent this weekend, with more buyers “considering now is the chance to get in”.
“And we have really seen vendors meeting the market more than last year,” he said.
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The figures were largely consistent across the city, with only the southeast suburbs recording a clearance rate below 45 per cent.