A four-bedroom home in Thornbury passed in on a single vendor bid of $2 million at auction on Saturday, despite multiple interested buyers in the crowd.
A two-bedroom house in Niddrie sold for $1,271,000.post-auction, but they were not enough to secure a sale, falling short of the $2,275,000 reserve price.
Enes then placed a $2 million vendor bid, and asked for a $25,000 rise, but no one in the crowd of 25 raised their hand.“I can’t believe it,” Enes told the crowd.Bidders didn’t raise their hands during the Thornbury auction, but made offers once the property was passed in.Nelson Alexander Northcote partner Luke Sacco said buyers were holding back to see if any offers would be made.He said he expected the home to sell by the end of the day.
“It was very tentative bidding,” Jerram said after the auction. “There’s definitely a lot of people feeling it with higher interest rates, and they’re trying it on to see if they can get a bargain.”