Five parties competed, and the winners were a duo who had missed a string of opportunities elsewhere and decided to change tack.
A bit of superstition turned into a winning strategy for a couple in Essendon on Saturday, helping them outbid four other parties to secure a three-bedroom brick cottage for $1.86 million at auction.
Bidding started at $1.5 million and rose in quick $20,000 increments to $1.7 million. At $1.77 million the home was called on the market. A final $4,000 bid brought the young couple’s long home hunt to an end.“From the start we thought it was going to go well but we didn’t know it would go this well,” said Zucco.“But we thought it would maybe go for somewhere in the low $1.7 million range … so this just shows the premium properties are the ones that are well renovated.
“We have definitely seen a pickup in auction listings and it’s good news that they’re clearing because we have found a bit of reduction in active bidding as well.” , would now convert to a private sale with price tag of $2.7 million. An open home will be held tonight at 5.30pm.“We were mainly dealing with one buyer, a local St Kilda family, and they put in an offer of $2,525,000 after auction and that’s where it is currently sitting,” he said.At, three different groups at three different stages of the buying life cycle battled it out for a chic ground-floor brick apartment with rare front and rear courtyards. The two-bedder sold to a young couple for $1.
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