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Wilson said the auction started at $3 million and the bidding went on a roller coaster, with some bids going as high as $50,000 and others as high as $1,000, with the winning bidder dropping out of the auction only to rejoin at the end.
“It was raining and the pen I was using to write down my bids broke so I had to run to get one. In the end there were only two bidders left and the lower bidder was a family who was seeking help from a lawyer,” she said.
Another large crowd braved the bad weather to watch at Cheltenham 15 Elliot Streeta house with no garage or carport, sold to a suburban couple for $1,505,000.
The three-bedroom, two-bathroom home, with a price guide of $1.26 million to $1.38 million, is located in the suburb’s “golden triangle”, a stone’s throw from parks and with more than 20 schools within a five-kilometre radius. Selling agent Trevor Bowen of Ray White Cheltenham said the home’s character and location ensured it sold at a super low price despite the lack of a garage.
“The reserve price was $1.38 million and we had seven registered bidders, six of whom participated,” he said.
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“The auction was intense and quick, with 36 bids received in total. We had to hold the auction indoors due to the weather, but the crowd was just too big considering how bad the weather was.”
Bidding opened at $1.26 million and quickly rose in varying increments until two bidders were locked in a battle for the keys.
“The final buyer felt a little sad because they were bidding against a pregnant woman, but all is fair in love and war,” Bowen said.
“This is ultimately a well-presented family home … In a flat market, well-priced, well-presented homes do very well and underpriced homes pay the price.”
exist Melbourne’s North Easta four-bedroom, two-bathroom residence 40 Rockliffe Street, Eltham The property sold for $1.57 million after three local families passed on the purchase.
The home on 693 square metres had little buyer interest before auction, prompting Jellis Craig agent Tom Kurtschenko to advertise the home’s $1.5 million reserve price in advance. He said the move paid off.
“We really just wanted to get the auction to a climax … ultimately I think buyers really appreciate the transparency,” Kurchenko said.
“We ended up with five registered bidders, three of whom were successful. The house was bought by a young local family who really liked the location and the street.”
One of the bidding families opened the bidding at $1.2 million, and a seller’s bid raised the price of the home to $1.4 million.
From there, the bidding at the auction gradually increased, from $20,000 to the reserve price. Then, two parties made bids of $10,000 and $5,000 respectively until the house was sold at auction.
The home last sold in 2014 for $960,000, records show.
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