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Mr Morello said the buyers grew up in Essendon but currently lived in Coburg and were excited to move back to the area. They planned to build their dream family home on the 676-square-metre block.
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“It was probably one of the best auctions I’ve seen in a long time. An auction with six bidders, I don’t know if we’ve seen that this year,” he said.
It is one of 800 homes to go under the hammer in Melbourne on Saturday.
In Hawthorn, a Sydney couple seeking refuge in Melbourne beat five other bidders, including a first-home buyer, to buy an apartment for $720,000.
Bidding for a two-bedroom home 3/1 Domeville Avenue The bid opened at $600,000 and six parties quickly jumped in. They made offers in $10,000 increments, and when the house was listed at $680,000, the bidding dropped to $1,000.
Ultimately, three parties vied for the property, including a first-home buyer and a buyer from Perth, before the Sydney buyer won the keys to the stylish ground-floor apartment.
The agency’s partner and auctioneer Luke Saville said the buyers had recently sold their home in Sydney and planned to live between Melbourne and the Gold Coast.
Mr Savile said Melbourne’s apartment market remained strong and popular with first-home buyers, but many apartments were being beaten to auction by more experienced buyers.
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“I’d say 80 to 90 per cent of the buyers we meet in apartments are first-home buyers and then there’s a small number of downsizers and city apartment buyers who tend to be the ultimate winners at auction because they have slightly more money,” Mr Saville said.
“It’s honestly heartbreaking to see first-time buyers missing out on auction after auction.”
Mr Savile added that many first-time buyers were forced to seek help from the Bank of Mum and Dad to get into the property market.
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