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A Melbourne home sold for $1.39M, $100K above reserve, in a competitive auction.
A four-bedroom home in Wheelers Hill, Melbourne, sold for $1.39 million at auction, $100,000 above its reserve, amid bidding from five families.
The clinker brick house near Jells Park and Caulfield Grammar features underfloor heating, a light-filled atrium, and a chair lift.
Bidding started at $1 million and rose in increments before reaching the reserve, with final bids in smaller amounts.
Buyers, who had already sold their prior home, planned an immediate move-in.
Auctioneer Lindsay Xu cited the long weekend and fewer competing auctions—489 listed—as factors in the strong turnout.
In Macleod, a two-bedroom villa unit sold for $750,500 at its $703,000 reserve, which was disclosed due to a prior offer.
The unit, well-maintained with long-term tenants, was owned by investors who treated it like an owner-occupied home.
Una casa de Melbourne se vendió por $1.39M, $100K por encima de la reserva, en una subasta competitiva.