Boutique Two Bedroom Apartment With City Views
The Plan
Greg purchased the property as a long term investment. Following 27 years as a rental property Greg decided to take advantage of the strength of the market and sell.
The Process
Achieving the best price in the market, on the best terms was important to Greg. Timing and settlement periods were not.
An extensive marketing campaign was implemented including both realestate.com.au and domain, to ensure the property was marketed both locally & interstate. A targeted buyer campaign focused on buyers who had inspected apartments / units in Highgate Hill & West End in the last 90 days with budgets between $600,000 – $800,000, through Ray White West End, was also a key marketing strategy.
The Result
Following a comprehensive auction campaign, 53 buyer inspections, 6 bidders, the property sold at auction for $728,000; 21.3% above the sellers expectations. The competition of the auction was core in achieving the best price in the market.
Buyer found: Realestate.com.au
Under Bidder: Realestate.com.au
Campaign Details
Listed: September 12, 2024
Auction Date: October 3, 2024
Marketing Options: Professional Photography, Realestate.com.au, domain.com.au and internal database targeting
Week One Open Homes:
26
Week Two Open Homes:
16
Week Three Open Homes:
11
Days on Market:
21
Sold Date:
3 Oct 2024
Bidders:
6
raywhitewestend.com.au
1,713
realestate.com.au
2,950
domain.com.au
598
Auction Bid History
| Time | Amount |
| 11:27:59 AM | Sold |
| 11:27:28 AM | $728,000 |
| 11:27:21 AM | $727,500 |
| 11:26:59 AM | $727,000 |
| 11:26:46 AM | $726,000 |
| 11:26:32 AM | $725,000 |
| 11:26:22 AM | $720,000 |
| 11:26:19 AM | $718,000 |
| 11:26:05 AM | $716,000 |
| 11:25:58 AM | $715,000 |
| 11:25:47 AM | $710,000 |
| 11:25:38 AM | $708,000 |
| 11:25:24 AM | $707,000 |
| 11:25:18 AM | $705,000 |
| Time | Amount |
| 11:25:13 AM | $702,000 |
| 11:24:57 AM | $700,000 |
| 11:24:44 AM | $690,000 |
| 11:24:35 AM | $685,000 |
| 11:24:24 AM | $680,000 |
| 11:24:19 AM | $675,000 |
| 11:24:13 AM | $670,000 |
| 11:24:05 AM | $660,000 |
| 11:24:01 AM | $655,000 |
| 11:23:53 AM | $650,000 |
| 11:23:46 AM | $645,000 |
| 11:23:33 AM | $635,000 |
| 11:23:20 AM | $625,000 |
| 11:23:16 AM | $600,000 |
Sales Review
Seller's Review
Greg Munck
Luke and his team were very professional in all aspects of our sale. Luke had an excellent understanding of the local market and the Ray White process was very well explained and executed. The interaction with Luke was very friendly with excellent response time.
