The sale of the updated Victorian was one of the better auction results on a weekend where dozens of properties were cut off due to floodwaters. | heagney_melissa
A four-bedroom renovated Victorian in Thornbury sold under the hammer for $1.615 million after three bidders competed.In flood affected Maribynong, a four-bedroom apartment sold at auction for $1,011,000 above the $950,000 reserve.Roads were blocked and people were cleaning up in the aftermath of Melbourne’s floods, but the auction market continued on, with a four-bedroom house in Thornbury selling under the hammer for $2,615,000.
The auction was one of 635 scheduled on Saturday. By evening, Domain Group recorded a preliminary auction clearance rate of 64 per cent from 393 reported results, while 53 auctions were withdrawn. Withdrawn auctions are counted as unsold properties when calculating the clearance rate. RT Edgar Toorak director and auctioneer Warwick Anderson said the property had been an investment for the vendors and the new owners, a young couple, were also planning to rent out the home.
In Preston, a quirky two-bedroom home that had also been a corner store sold for the first time in 50 years, as the vendors headed into retirement.sold for $945,000 to an investor who beat one other bidder. The opening bid was $880,000, with a series of $5000 bids taking it to its sale price. In Melbourne’s flood-affected suburbs, auctions were being held, even though some streets surrounding the properties were cut off.with a $1.3 million to $1.4 million guide passed in without receiving a single bid, including from the vendor.
, also passed in on a vendor bid of $960,000. That was the low end of the $960,000 to $1.05 million guide on the two-bedroom home.“It’s not disheartening,” Mauro said. “This is one of the most affected postcodes [for the floods] in Melbourne, and we know that there are people sleeping on other people’s couches.”
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