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“We sold (the house) a month ago, so we’re relieved to finally have a place to live,” she told age.
MacDonald Upton chief auctioneer Paul MacDonald said the vendors, while happy with the sale price, were sad to say goodbye to the house which had been in their family for 69 years.
“Single-family home, never sold before. It’s rare,” he said.
Bidding opened with an instant bid of $1.2 million.Credit: Jason South
In Noble Park, a couple who emigrated to Australia from Ireland bought their first home at auction for $815,000.
First home buyers were renting in Prahran and were only looking to buy a property for a few weeks so they bought 13 Jennifer Street That’s $75,000 above its $740,000 reserve.
Ray White Cheltenham chief auctioneer Greg Brydon said there were five bids for the three-bedroom wood-panelled house, including an online bidder and an investor from Queensland.
One party opened the bidding at $650,000, while other bidders bid in $10,000 increments.
“Then a few bidders dropped out, so from $780,000 to $815,000, it was down to two bidders,” Bryden said.
“(The buyers) had only had their financial approvals for three weeks, so they were acting very decisively.”
Mr Bryden said vendors who were planning to upsize were very happy with the auction results.
“It was a fantastic sale. We must have had 60 people in the front yard … it was great to see in the middle of winter,” he said.
Meanwhile, a Northcote home, which had been on the market for the first time since the 1960s, sold for $1.73 million to a family renting in the suburb.
Bid for three-bedroom Edwardian home 66 Gladstone Avenue The auction started at $1.4 million and there were five bidders, each bidding $20,000.
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Listing agent Craig Nowotsch of Jellis Craig Northcote said bidding really started to take off after the property hit the market at $1.53 million, with three parties dropping out of the race as the price rose.
In the end, only two local families participated in the bidding, and it was finally sold for $1.73 million, about $200,000 above the reserve price.
Mr Novotsky said the buyer had been renting in the area and planned to renovate the north-facing house and move in. The property had been in the same family since the 1960s.
He said a lot of young families were interested in the house because of its proximity to schools and its potential for extensive renovation.
Mr Novotsky added that he was currently seeing a lot of upsizers and second-home buyers bidding at auctions.
The suburb’s median house price fell 4.1 per cent to $1,572,500 in the year to March, according to Domain data.
In Airport West, another long-held family home sold at auction on Saturday for $940,000 to a young couple.
Two-party competition No. 89, Shengli Road, Its price guide is $850,000 to $900,000.
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Listing agent Lachie Kennedy of Ray White Gladstone Park said the auction started with a vendor bid of $850,000. Two parties then joined in the bidding, slowly pushing the price up to $920,000 before it was sold.
The buyers, a young couple from Tullamarine, paid an extra $20,000 in post-auction negotiations and ultimately purchased the house for $940,000.
Kennedy said this is the first time the four-bedroom home has been on the market since the original owner built the property in 1959.
“(The vendors) were ecstatic. There were about 25 to 30 (family members) there taking pictures,” he said.
The median house price in Airport West rose 7 per cent to $920,000 in the year to March.
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