SOLD!

Forget everything you thought you knew about the inner-city apartment market. Ray White Southbank sold $4.11 million worth of property under the hammer last month to stamp an 87.5 per cent auction clearance. At an in room auction held on Wednesday, February 27, the leading inner-city Melbourne office completed three sales under the hammer with four more selling just prior to clear seven from eight units. Ray White Southbank | Port Phillip & Projects Victoria principal Andrew Salvo said it was standing room only on the night with more than 65 people crammed into the office at 111 Clarendon St. Mr Salvo said the in-room style of selling was something new and innovative for the auction market. “Our agents have been flooded with phone calls from property owners that were previously dubious about putting their property through an in-room auction. They are now enquiring about when we be running our next in-room auction event,” he said. “Owners don’t like the stress and many agents just don’t have the courage let alone enough commitment to commit to the arduous buyer work required to prepare bidders for an auction.” “With a huge amount of support and encouragement from the Ray White corporate trainers, we as a team, decided that it was time to turn this largely private treaty market on its head and offer sellers and buyers something new.” Of the eight properties sold, four were located in Southbank, three in the CBD and one in Prahran. raywhitesouthbank.com.au