A dad acting on behalf of his overseas son made the winning bid on the two-bedroom home. The result was more than double the property’s 2012 sale price.
An unrenovated mid-century home in Airport West sold for $991,000.A two-bedroom Victorian terrace in Thornbury fetched $1,291,000 at auction on Saturday, more than double what it last sold for in 2012.
The strong result was more than double the $625,000 the property last traded for, and was testament to growing market confidence and a lack of stock, Alexiadis said.Luis Enrique Ascui Bidding began at $750,000 and a strong second bid of $830,000 immediately followed. A $10,000 increase then took the bidding to the $840,000 reserve. Bidding continued in smaller increments from there, dropping as low as $500, before the fall of the hammer. The property had been guided at $795,000 to $870,000.
“Their parents bought it back in 1988 and it was their only family home. But mum and dad had passed away,” Stella said.a first home buyer forked out $1,875,000 on a striking three-bedroom house, which sold for $185,000 above reserve. It had been guided at $1.55 million to $1.69 million. Rigopoulos said the successful first home buyer was purchasing the home as an investment property, before heading overseas for work.“This was a popular house in a great spot with a great renovation. It deserved a bit of competition, and it was a good outcome for the vendors who have owned it for 10 years. They paid $992,000 back in October 2013, so it almost doubled in price.”a three-bedroom brick house on a 613-square-metre block sold to a developer for $1.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
From Paris to Singapore: Australia’s most influential overseas bankersMorgan Stanley CEO James Gorman describes Australians as more direct than most, and such traits have gone a long way for local bankers plying their trade in New York, London and Hong Kong.
Read more »
How to take a Gen X gap yearDreaming of a midlife gap year overseas? Here’s what you need to do before jetting off.
Read more »
Renewables play seeks buyer for 207MW Bundaberg projectTyre kickers were given an ambitious set of forecasts. Over its 30-year life, Bucca should bring in about $1.4 billion total revenue and $1.2 billion EBITDA.
Read more »
Geelong Football Club chasing tens of thousands in unpaid debt from Britishvolt buyerMoney owed by Recharge Industries to the Geelong Cats include unpaid hospitality packages that typically involve premium match-day seating
Read more »
Australian house prices rise for sixth straight month as capital cities drive increaseLower than average supply levels have put upwards pressure on values while flatlining interest rates are boosting buyer confidence
Read more »
Tripologist: What’s the best way to spend a 12-hour layover in Bangkok?Bangkok is far too chaotic and exhausting to grapple with on your own after a long overnight flight.
Read more »