They beat two other bidders at auction, all looking to trade up for the five-bedroom home with pool and impressive wine cellar.
A family who had lived overseas for the past 20 years snapped up a Hawthorn property for $5,725,000, even though they had seen it only half an hour before the auction on Saturday., known as Morley.
The house was called on the market at $5.45 million, with more $25,000 offers taking it to its sale price, $225,000 above the top end of the price guide of $5 million to $5.5 million. Elsewhere, a renovated family home in a tightly held area of Ivanhoe has sold under the hammer for $3,025,000 at auction on Saturday.LoadingBidding started at $2.7 million. By the $2.8 million range, only two of the four buyers were still competing for the auction. All four buyers were young families looking to move into the spacious family home.The five-bedroom, three-bathroom home has a renovated interior and multiple living spaces across three floors.
“There’s not a lot of turnover with houses that come on the market in Collingwood,” said Luke Brizzi of McGrath Northcote. In a tactical auction, the last $30,000 of bids were mainly $1,000 increments. The successful buyers were ecstatic after recently missing out on other nearby properties.“That [sale price] is about as entry level as it gets from a townhouse point of view in Bentleigh East.”
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