It was one of 594 auctions scheduled in Melbourne on Saturday. In the evening, Domain Group recorded a preliminary clearance rate of 55.6% of the 426 reported results, while 57 auctions were withdrawn. Withdrawn auctions are counted as unsold properties when the settlement rate is calculated.
The first home buyers also bought a nearly 100-year-old house in Thornbury after it went up for auction.
The two-bedroom house, at 292 St Georges Road, a mix of modern features and Edwardian-era charm, went on to offer $ 810,000. After a quick negotiation, it sold for $ 850,000, the upper end of the requested price range.
McGrath Northcote sales and auction agent Matthew McIntosh said the bidding opened with a $ 800,000 seller offer. The final buyers, a young couple, made another $ 10,000 offer before the property passed.
McIntosh said inflationary pressures, including rising gasoline and food costs, had been affecting the market and buyers’ budgets.
“I think the market [here] it will come back well, there are still a lot of people, ”he said.
In Reservoir, a house that had a very Collingwood bedroom went for $ 910,000 despite several bidders.
A bedroom suitable for a Collingwood fan. Credit: Ray White
The property, at No. 31 Wattle Grove, which had a price range of $ 850,000 to $ 930,000, attracted three bidders. The highest was still in negotiations at the time of publication.
The six-bedroom property, which had a layout that included two houses in one, needed a lot of work and was sold as a demolition and reconstruction project.
Ray White Preston sales agent Chris Michael said he expected the property to be sold, although no deal could be made with the highest bidder.
“I’d like to think that yes, it’s not ridiculously expensive and overall the quote price shows value,” Michael said.
At Carnegie, a three-bedroom home at 4 Shepparson Avenue, in the same family for more than 80 years, was sold after delivering a single $ 1.61 million bid.
It was sold under negotiation to a family for $ 1.7 million, the upper end of the asking price range.
Woodards Carnegie director Ruth Roberts said it was a strong result, even though only one bidder made a bid.
“I think people are nervous about conditions and interest rate hikes; some of the buyers think that if they wait a month, prices can be cheaper,” Roberts said.
One of the most important results of the weekend was the sale of a five-bedroom house at 4 Edward Street, Essendon.
The house was sold under the hammer for $ 2,715,000, just above the price range of $ 2.5 million to $ 2.7 million.
The buyer, a builder, came in to make a single $ 5,000 bid to win the keys to two other bidders.
Jellis director and auctioneer Craig Moonee Valley Christian Lonzi said the bidding opened at $ 2.5 million before a bid burst increased it to $ 2.7 million, when it went public. market. The last three $ 5,000 bids were, he said, “like gnashing your teeth.”
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The house needed renovation or reconstruction, he said.
“The buyer plans to live there, but it has not yet been decided what he will do. All the rest of the people there wanted to renovate the house because it has good bones, ”Lonzi said.