A family wanting a hip inner-city pad snapped up a Victorian terrace in Fitzroy North at auction on Saturday, making a final $1000 bid to seal the deal.
, which sold under the hammer for $2,607,000 – above the $2 million to $2.2 million guide.
“We are seeing more people coming into the market right now, and I feel like I’m seeing new people every weekend,” he said.“It hasn’t been as crazy as it was before the school holidays, where we felt we really needed more property to come on the market, but it seems like there are more people.” Among the buyers were two families, an investor and a developer, all looking to make the most of the property’s 724 square metres of land.
Four bidders raised their hands during the auction, though six had registered, including first home buyers and investors. Bidding started at $550,000, beneath the low end of the guide, but rose quickly. In Mordialloc, a one-bedroom villa unit with a courtyard sold prior to auction after its investor owner received early offers from eight parties.received an initial early offer of $440,000, which triggered a contest and an early sale for $471,000.
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