First home buyer couple pays $872,500 for three-bedder in Airport West
A couple buying their first home paid $102,500 over the reserve for a three-bedroom house in Airport West, beating out three other first-home buyers in Saturday’s trial.
in the family home 102 Halsey Road, It was last sold for $565,000 in 2019, records show. It was sold for $872,500 on Saturday.
The property was among 1245 properties scheduled to go up for auction in Melbourne this week.
Jellis Craig Moonee Valley head manager Lara Harris said proceedings, led by auctioneer and former Essendon footballer Jason Johnson, who had been specifically solicited by the sellers because of their support for the club, started with an actual bid of $700,000, rising in odd-numbered increments of $10,000.
“There were also some knockout bids where people went out in $15,000 increments to knock out the other buyer,” he said. The reserve was $770,000.
Harris said the buyers were a young couple from Southbank who were “tired of apartment living”, had once lived in the area and wanted to come back. The bidders were a young couple who were also first-home buyers.
The market is particularly strong below the $1 million mark, Harris said.
“There are a lot of first home buyers on the market and anything priced under $1 million is doing really well,” he said.
But investors are in short supply.
“There are more investors selling right now than investors buying,” Harris said.
In Yarraville in the inner west, a “cheeky” bidder won the keys to a two-bedroom townhouse with a bid of $931,000, outbidding a couple buying their first home.
house full of light 13 Canterbury Street, The building, which features glossy hardwood floors and a north-facing courtyard, is listed with a price guide of $775,000 to $850,000. It had a reserve of $850,000.
Village Real Estate auctioneer and lead agent Joseph Luppino said the opening bid was “a little bit brash, a little low” at $700,000, followed by a seller’s bid of $800,000.
“Then the same buyer came back at $810,000 and bounced back and forth with a new buyer who came in at $820,000, then sold back to the guy who opened the offer at $700,000,” he said.
Luppino said the buyer was a young man who had been looking to buy a property for five years.
