The bid came from a fed-up buyer who’d been looking for months. The multi-million dollar offer stunned the crowd into silence and ended the auction instantly.
In a blink-and-you’ll-miss-it moment, a Brighton townhouse sold for $3 million on Saturday when a single bid ended the auction just seconds after it started.fell $350,000 over the reserve and left the auctioneer and six other potential bidders speechless.
“We had seven buyers out there, and we were expecting a fairly contested auction, but then I asked for an opening bid of $2.5 million and two buyers raised their hand,” he said. “The auction clearances in Melbourne are averaging in the high 50s and early 60s right now but while it’s not great, it’s also not disastrous,” he said.“But listings are up on where they were a year ago too, which could be a sign of distressed selling and it’s quite clear that demand is not keeping up. High interest rates are clearly taking a toll.
Bidding started at $1.5 million, and four of the five bidders threw down large sums until the home reached the reserve and was called on the market.“We then went down to $5000 bids and at the $1.65 million mark and the ultimate buyer waded in for the first time,” he said. Over in Carrum, it was an investor who came up trumps after a fierce flurry of bids led the Sydney punter to splash $1.52 million — almost $200,000 more than the reserve.sits on a 1144 square metre block and was marketed with a price guide of $1.14 million to $1.25 million. The reserve was $1.35 million.
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