With a whopping total of 176 bids taking over 46 minutes, 9 Bishop Street Box Hill proved to be in popular demand at auction over the weekend! With a median property price in Box Hill of $1,565,000, 9 Bishop Street was hard fought and eventually won by a Property Developer for $1,831,000.  Although a blustery Melbourne day, it didn’t deter bidders all vying for this unique property which has been held by the same owners for over 40 years.

The bidding quickly got underway with an opening bid of $1.3m which was shortly trumped by a $50,000 bid and then a $150,000 bid! hockingstuart auctioneer Toby Parker, one of Victoria’s leading auctioneers and his team were kept on their toes in an electrifying auction which saw bidding start quickly and then slow right down with over 100 bids in $1000 increments which averaged every 20 seconds. The property was hotly contested by five bidders overall, and saw a disappointed next-door neighbour who was the under bidder by only 1,000 dollars.

Melbourne’s property market has seen no signs of slowing down even with the cold weather and windy Saturdays. In particular Box Hill has seen an influx of Chinese buyers and property developers in recent times who are snapping up properties in a suburb that has significant growth, strong transport and a vibrant restaurant scene.

To find out more about this property contact the team directly:

hockingstuart Balwyn

544 Whitehorse Road (Cnr Union Road), Surrey Hills
Tel 03 9830 7000
Fax 03 9830 7017
balwyn@hockingstuart.com.au

Toby Parker

Director / Licensed Estate Agent / Senior Auctioneer
0413 581 104

Maurice DiMarzio

Director / Licensed Estate Agent / Senior Auctioneer
0419 182 276

Mark Purdey

Sales Consultant
0428 946 683

Claire Wenn

Sales Consultant
0409 857 506