Silence met auctioneer Terry Fitzpatrick when he called for an opening offer. | heagney_melissa property melbourne
A hoarder’s house in Malvern East sold under the hammer for $1.945 million.
Reside Real Estate senior sales consultant Nathan Gleeson said several interested parties had been in the crowd. Most were first home buyers and were worried about falling house prices, rising interest rates and the rising cost of living. The auction began with a “cheeky” low opening bid of $3.7 million, which was topped by a vendor offer of $4.1 million, Jellis Craig Northcote director and auctioneer Sam Rigopoulos said.
“The vendors are over the moon,” Rigopoulos said. “Particularly after all the conjecture in the media about the market, it’s fair for vendors to be worried.”for $2.37 million, well above the $2 million to $2.2 million price guide. Ray White Oakleigh selling agent and auctioneer Jonathon Eaves said three bidders faced off, with the winning bidder, a young family, planning to rebuild on the block.
Ray White Frankston principal agent Ashley Weston said properties that presented well were selling, while those that needed work weren’t as popular.