The buyer of a Carlton North terrace made just one $5000 bid to seal the deal, snapping up the two-bedroom home for $1.38 million.
A “box fresh” renovated apartment in East Melbourne sold for $1,375,000., but the auction had a slow kick-off.
After the auction resumed, two bidders competed, but slowly, bringing the price up to $1,375,000. That took nearly two dozen bids to get there.Roberts said buyers were using bidding tactics to slow down the pace of the auction, and ensure that they wouldn’t overpay.“I think what we were seeing was bidding strategies,” Roberts said after the auction. “My guess is what people were trying to do was slow the process down.
Roberts said it was too soon to say if the most recent interest rate hike was dampening buyer activity. “We had a couple of last-minute pull-outs, which is typical,” he said. “There was still someone there who wanted to buy it, so it went straight to them.”Campbell listed the home with a price guide of $1.3 million to $1.4 million.
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