Three bidders took part in a competitive auction for the four-bedder with a published reserve price,which the agent said had helped to drive competition.
Consumer Affairs Victoria says agents took bets on how much the properties would sell for,and the estimated prices were much higher than the quoted price ranges.
An investor’s pain became a first-home buyer couple’s gain in Mill Park on Saturday,as a Sydney-based vendor felt compelled to offload a long-held property.
Four bidders contested the auction and pushed the price well beyond the range and the vendors’ reserve. It was one of 1066 auctions scheduled for Saturday.
In a bold bid to secure his daughter’s future,worried she wouldn’t be able to afford a property later on,the dad outbid two other buyers.
The vendor,selling on behalf of his elderly father,said the family “came here with nothing” and had happy memories of the Collingwood terrace bought for $29,500 in 1978.
The original home in Melbourne’s western suburbs needed some TLC,but a pre-sale makeover paid dividends and attracted four bidders at auction.
First home buyers kicked the auction off with a big offer,and the competition ended just three bids later. It was one of 117 auctions scheduled for Saturday.
Three parties competed for about 45 minutes for the keys to the stylish home with swimming pool that ticked a lot of boxes.
Purchasing and renovating the Californian bungalow inspired Perfect’s 2017 musical Vivid White. He was happy to sell to another family.
The near-new home with a gas-heated pool failed to draw a second or third party and passed in before negotiations started in earnest.