Auction wrap: Inside the secret multimillion-dollar sale of Nadia Bartel’s house
A mystery sale has rocked Melbourne’s property market as Nadia Bartel quietly sold her home at a private auction, with the final price hidden from the public.
Nadia Bartel has quietly offered her Windsor home in a mysterious deal, with the final sale price being kept under wraps.
The former AFL WAG sold the luxury property behind closed doors on Saturday, with the result withheld at the seller’s request despite price expectations of $3m-$3.2m.
Jellis Craig attorneys David Sciola and Carla Fetter declined to comment on the sale.
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The tightly held result comes as Melbourne’s auction market softens, with fewer buyers and more deals taking place behind closed doors.
PropTrack data shows Melbourne recorded a first approval rate of 59 per cent, with 422 homes sold.
Industry Insider Property director and respected buyer’s agent Andrew Date said the result points to a market that is more price-conscious, especially as listings increase ahead of the Easter downturn.
“The properties are still active, but the market is very price sensitive,” Mr Date said.
Inside Nadia Bartel’s privately sold home, its final price has been reserved after a closed auction.
Nadia Bartel quietly sold her Phraran property, and the result was kept secret at her request.
“When we see properties come in, it’s usually a mismatch between what sellers are expecting and what buyers are willing to pay right now.”
Mr Date said there had also been a clear shift in silent deals at the lower end of the market.
“There is a shift towards off-market deals in the luxury area,” he said.
“High-end buyers and sellers often prefer to make smart purchases rather than going through a public auction.”
Industry Insider Property director Andrew Date says the Melbourne market is “highly price sensitive” as consumer vigilance grows.
Ray White’s Jacob Biviano featured four of the seven auction sales to one buyer, highlighting the soft competition.
At Ray White Mount Waverley, Jacob Biviano said his office had sold seven of the nine auction lots, but warned the strength of the results offset weak competition.
“Four out of seven sales have only one buyer,” Mr Biviano said.
“That’s probably the most accurate summary of where the market is right now.”
Mr Biviano said consumers remain active but cautious.
“People are still interested, but they are more measured,” he said.
“They’re not reaching out so far, and in most cases they’re keeping their hands in their pockets.”
Woodards director Cameron Way says retailers must remain flexible as changing conditions force price expectations to adjust.
Woodards Blackburn director Cameron Way said his office had recorded a 50 per cent clearance rate, with three out of six auctions sold.
“Obviously we are in a dynamic market,” said Mr Way.
“The strongest results were when sellers were realistic about the price, while others needed to negotiate after the auction.”
Mr Way said volatility had become more critical as sentiment eased.
“When confidence drops, consumers become more aware and retailers need to respond to that in real time,” he said.
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