On Saturday, nearly a hundred people “gathered” together to watch the auction of a million-dollar mansion in Prahran, on the video conferencing software Zoom. Agent James said that if it is an offline auction, he believes that there will be a similar “crowd” size on the scene.
“We have 5 bidders and 96 participants.” Located at 30 Trinian Street, Prahran. The guide price is between $1.85 million and $1.95 million. Due to fierce competition, the final transaction price was $2,300,000, which exceeded the base price of $350,000.
Although Melbourne people are already familiar with online auctions, the amount of online transactions is usually not high. It is indeed rare that real estate with more than 2 million Australian dollars can be traded online. The auctioneer also said it was a “very successful auction.” The entire process is very natural and is no different from offline auctions. He also said that because the market lacks properties for sale, good properties with good location are especially sought after.
With people’s familiarity with and acceptance of online transactions, online auctions follow the trend and advance step by step in a careful exploration period. The strong online auction results have boosted confidence. Even if Melbourne enters the six-week blockade period again, people still believe that the market will remain stable.
