Mixed auction action to end spring, Dipper’s childhood home comes in – realestate.com.au

The spring auction market has produced mixed results as Melbourne recorded more than 780 sales, but the childhood home of an AFL legend made the cut.

PropTrack data shows that 67 per cent of the 1,168 auction results reported yesterday were a win for sellers, in line with recent weeks – despite the number of homes auctioned every week since the Melbourne Cup being well over 1,000.

Unfortunately, the Hawthorn home where Robert “Dipper” DiPierdomenico grew up was not among them.

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Kay & Burton auctioneer Scott Patterson said while the house at 71 Mason St had gone in without a bid, there were interested parties in the crowd and they would be working with them in the coming weeks.

“We expect to see a number of people hopping around from property to property in the coming weeks and hopefully finding a buyer in the near future,” said Patterson.

Dipper took to social media ahead of the sale to espouse the four-bedroom home’s virtues, including that it was where he first kicked a foot.

The AFL legend won five premierships and a Brownlow Medal in his career.

The house is now for sale at $3.25 million for salt, right in the middle of the $3.1 million to $3.4 million price guide set prior to the auction.

71 Mason St, Hawthorn, is the home ground where Rober DiPierdomenico first kicked a footy, but his brother was left holding the ball after it went up for auction yesterday.

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The house is now for sale for €3.25 million.

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Toby Balazs, president of the Real Estate Institute of Victoria, said it had been a “solid spring” and provided a “good, balanced market” for buyers and sellers.

As the number of homes testing the market soared, auctioneers have indicated that those under the hammer are selling within a week or two of the scheduled sale date.

The final few weeks of the year’s auction calendar are expected to bring two more super Saturday sales events on December 6 and 13, before dropping substantially to a few hundred on the 20th.

“So you can expect reasonable auction activity until December 20 this year,” Balazs said.

474 Rae St, Fitzroy North, set the benchmark for auctions on the last Saturday of spring with a sale of $3.1 million.

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33 Fyffe St, Thornbury, was the second most expensive house sold at auction yesterday with a disclosed price of $3.066 million.

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While the REIV expects there will be no change in the country’s mortgage rates next month and the market will remain in balance through 2025, the start of next year could be affected if there is a rate hike by the Reserve Bank on December 9.

“If we were to see a rate increase in December, it would be an unexpected increase for sellers planning for the next six-month period; that could prompt them to rethink when to put their home on the market,” he said.

“It could have an impact on the listings that come onto the market early this year.”

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