A Brunswick West home passed in on a bid of $1.5 million, selling after for $1.56 million.A three-bedroom home in Maidstone passed in at auction on a single vendor bid of $1.22 million, then sold in a fast post-auction negotiation for $1,276,000., in the “Paris end” of the suburb, drew a crowd of interested buyers, but none would raise their hand to make an offer.Credit:It’s become a growing trend, agents say, with several auctions passing in on Saturday, then selling directly afterwards.
The house didn’t receive a single bid from the buyers, but after it passed in, a family who had recently migrated from Vietnam negotiated its purchase.Saad said bidders were becoming fewer and farther between at auctions, even if they were ready to make an offer.“Buyers are really waiting to see who else might be out there and what they’re willing to bid,” Saad said. “They think that holding off may give them a bit more power in the negotiation after.
Nelson Alexander Ascot Vale selling agent Josh Kalender said two bidders competed and one made strong bids while the other attempted to slow proceedings by making $1000 offers. The property opened with a vendor bid of $1.46 million, before passing in on a $1.5 million offer. It sold after a short negotiation for $1.56 million – above the $1.5 million to $1.55 million price guide.
“Properties like this have a different buyer pool when you’re talking investors, owner-occupiers and downsizers, and anything under $1 million in an A-grade area like Fitzroy North is always going to get a lot of interest and a good crowd,” Francis said.sold under the hammer for $1.49 million to a professional woman looking to move to the sought-after suburb.
1.2mill to live in maidstone 😂
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