A freestanding 1920s family home in Bondi Beach has sold under the hammer for $4.45 million after four active bidders placed 24 bids between them in a race to secure the beachside home. The three-bedroom, three-bathroom home at 160 Hall Street was one 2,820 homes that went to auction in capital cities across the country last week. The volume was up on the 1,983 auctions held the previous week, which was impacted by the Melbourne Cup holiday and a reduction in Victorian auctions.
“During this time it’s mostly been used as a family investment but it’s been a bit of combination and at some stage some of the kids have lived in it and at other stages it was rented out,” Mr Moloney said. Despite interest in the home, no one raised their hand during the brief auction on Saturday morning. “We had two interested parties in the crowd but neither of them bid on the day,” Mr Moloney said.