Two bidders competed for the five-bedroom Victorian Italianate house, pushing the price well above expectations.
A Parkdale home sold to a family for $1,325,000.A fixer upper in Albert Park was snapped up by a local family for $3.1 million.A five-bedroom Victorian Italianate house in Moonee Ponds has sold under the hammer for $4.64 million, well above its $3.75 million to $3.95 million price expectations.was owned by Melbourne-based barrister Peter O’Farrell, who is also AFL club Carlton’s lawyer.
The Moonee Ponds auction was one of 639 scheduled across Melbourne on Saturday. By evening, Domain Group recorded a preliminary auction clearance rate of 72.6 per cent from 507 reported results, while 43 auctions were withdrawn. Withdrawn auctions are counted as unsold properties when calculating the clearance rate.
“It goes to show the shortage of genuinely good offerings in the market means these types of properties are still highly sought after,” Wood said. When the auctioneer returned, more $10,000 offers were made, and the buyer declared she wouldn’t stop bidding. In the end, she made a final $10,000 offer to win the keys. The reserve was $1.2 million.Woodards Carlton North partner Glenn Bartlett said it was the buyer’s auction.
Hodges Mentone/Chelsea director and auctioneer Mark Eddy said three bidders competed, while another three interested buyers in the crowd watched on.
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