Rained-out buyers wrap up auction for $1.63m Northcote home in minutes

four bedroom house 603 Station Street It was previously rented. Jellis Craig’s selling agent, Nicholas Corby, listed the house for sale with a price range of $1.7 million to $1.8 million.

“[It] “It was in a completely good, clean, livable condition, on a good street, with more value additions and more accommodation options,” he said.

Corby said he expected two other buyers to bid at the auction, but neither of them did. The only offer was a dealer offer at the bottom of the range.

Corby said that an agreement could not be reached in post-auction negotiations and the house was offered for sale for a single price of $1,795,000. It was also the seller’s reserve.

“I think there are a few now that follow the same model that they then sell,” he said.

“I feel like interest rates are driving the market in a big way because there’s no hope of any rate cuts any time soon… [new buyers are] “They’re still trying to figure out where they sit in the market and how much they can pay, so there’s some hesitation.”