The sale of property by auction is more popular in Australia than almost anywhere in the world. In recent weeks, we have seen how the auction system can be a very effective method of sale for a vendor who is both motivated and realistic.

Both 10-14 Hendy Road, Lorne and 120 Boundary Road, Aireys Inlet were offered for sale by public auction in recent weeks. Whilst neither property sold under the hammer, the auction system is not only about the auction day. It includes the weeks leading up to the auction day as well as the weeks following the auction day. Sure enough both properties sold in the weeks after the day, but it was the auction system and the advertising which underpins an auction that attracted the buyers to the property. One of these properties, 120 Boundary Road, had been on the market for a number of months previously as well. Both properties sold for well in excess of $1m.

Open Houses this weekend

Saturday 15th May
10:00am – 11:00am Lot 18 Narani Way, Fairhaven
10:00am – 11:00am Lot 28 Narani Way, Fairhaven
1:00pm – 1:30pm 2 Yarringa Road, Fairhaven
2:00pm – 2:30pm 30 She Oak Crescent, Fairhaven
2:30pm – 3:00pm 21 She Oak Crescent, Fairhaven

Sunday 16th May
3:00pm – 3:30pm 53 Great Ocean Road, Aireys Inlet

See you in Our Backyard.

James Worssam
0418 585 815

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