The auction opened on a vendor bid of $2.8 million, before a frenzy of $50,000, $10,000 and $5000 bids followed.Marshall White Stonnington associate director and auctioneer James McCormack said the three-bedroom home was a rare offering in South Yarra, and had drawn interest from buyers who were not actively searching for a new property.
The homes were two of 671 properties scheduled for auction across the city, 62.1 per cent more than the first week of spring last year, when Melbourne was in a COVID-19 lockdown, Domain data shows. An opening bid of $1.25 million set the scene, and advances of $10,000, $5000 and $2500 took the property to its sold price.In the first home buyer belt of Knoxfield, a four-bedroom family home, at, sold for $896,000, above the $720,000 reserve, after 14 bidders registered and eight competed.
heagney_melissa What about this house makes it worth anywhere near $3M? Australia is out of control. We need to understand that we are not that great or special and have prices reflect that. I am in Europe at the moment. There is great and special all around me, and all of it is cheaper than AU
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