The Age reported on October 19 that at Saturday's auction, a property in Mount Waverley, a Chinese neighbourhood in Melbourne, was successfully sold for $770,000, more than $100,000 higher than the reserve price.
(Image source: Domain)
Located at the rear of a small block, this two-bedroom unit at Waverley Rd 4/289 features a lawn patio and manicured garden.
这套房子由Ray White Mount Waverley的中介Nicholas Richards挂牌销售，指导 价为60万至66万澳元。
Records show the home last changed hands in 2018 when it was transacted for $636,000.
(Image source: Domain)
"The house has undergone some minor renovations, but it is not a complete renovation." "There are six units in the block, and this property is located at the rear. ”
He said that because the house is located next to the main road, it has mainly attracted the attention of first-time buyers.
Bidding starts at the bottom of the guide price range, with two buyers competing fiercely at the auction.
Richards revealed that the home has a reserve price of $650,000.
"It's the price of another unit in the block, so the price of the house in the market is at that level, but sometimes it depends on the day."
(Image source: Domain)
Richards said the final buyer was a local who was planning to buy a home for his own use, and the first-time home buyer lost the auction and missed out on the opportunity to buy a home.
"The auction turned out to be a fierce competition," he said.
"It's quite an exciting auction. Even though I've been faced with situations like this all the time, the auction is quite exciting for first-time home buyers, and everyone is a little nervous. ”
The sale was one of 991 auctions held on Saturday.
As of the evening, 63.5% of the 702 auctions reported had a preliminary clearance rate, while 83 auctions were withdrawn, according to Domain Group's records.
When calculating the clearance rate, the withdrawn auction is treated as an unsold property.