Several passed in and negotiated after, including a Brunswick terrace and a Malvern East family home.Advertisement
Bidding for the renovated Victorian home was slow to start as the crowd of about 20 kept their hands in their pockets.With no further bids, Jellis Craig auctioneer Adrian Petrucelli passed the property in and offered the opportunity to negotiate to the sole bidder.“We’re finding at the moment the market is more of a one or two buyer market as opposed to three to four like it was last year,” Petrucelli said.
Bidding began on a vendor bid of $850,000, below the price guide of $880,000 to $920,000, then rose in varying increments from $10,000 down to $1000.
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