The home was the subject of a long, drawn-out auction as investors and first home buyers used $500 bids to try to win the home.
A two-bedroom South Melbourne house was the subject of a drawn-out auction.Investors won the keys to a South Melbourne terrace at auction on Saturday, beating two other bidders to pay $1,372,500 for the house.Cayzer auctioneer and listing agent Simon Carruthers said the style and the upstairs study had appealed to the three bidders. He listed the property with a quoted price range of $1.25 million to $1.35 million.
First home buyers made the first genuine bid at the bottom of the range after a slow start to the auction. Bidding stalled at $1,337,500, and after conferring with the vendors Carruthers announced the home was on the market.
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