First home buyers fight over $1m pub conversion in inner-city ‘sweet spot’
House 68 Livingston Way It sits in a large block and has several separate living spaces. Jellis Craig Sales Agency Tom Kurtschenko listed with a price range for sale in the range of $ 1.55 million to $ 1.65 million.
“A beautiful character house and 1300 square meters, where he holds a larger land,” he said. “It was renewed inside and there were some beautiful views.”
The auction began with an offer below the range. Kurtschenko said that two bidders, both families, competed and the reserve was determined as 1.6 million dollars.
Public records show the last treated hands in 2022 to $ 1,555,000; Kurtschenko said the sellers were happy to sell for nominal profit.
“It was interesting when you look at the history of the house,” he said. “Made sales [$1,555,000] A few years ago. For the last few years, it has been a few years when people were sold less than the purchase prices. People were paying a lot of money. “
At Frankston North, an investor defeated the first home buyers to buy a three -bed -room brick house.
House 245 Frankston-Dandenong Road Obrien Sales Agency was offered for sale by Mark Burke. The house gave a price range of $ 638,000 to $ 701,800.
The house was a rental and the tournament was sold with plans to build a second house behind the facility.
The auction started with an offer of $ 650,000 and Burke said four bidders competed. The seller said he was happy to sell the house for about $ 680,000; The investor paid $ 700,000 to win the title.
Burke said the buyer is thinking of renewing the second home plans. “You can go back to the council because they ended before and start for about $ 600,” he said. “I think the man will build it, so he can rent two houses.”
Burke said that home buyers were elected, but in October, when the federal government’s first expanded home warranty plan came into force, they may find themselves with more competition.
“The market is good, but people choose a little job,” he said. “They look at the location and facilities and things like this, but when the market hits a 5 percent plan from the government in October, it will explode like a popcorn.”
