A young couple moving from the country to Melbourne outbid two developers to purchase a three-bedroom home in Highett for $1.61 million at auction on Saturday., which had a reserve of $1.5 million.
He said the buyers had also been considering houses in neighbouring Brighton and Hampton, but decided on Highett in the end for its growth potential. OBrien Real Estate auctioneer Mark Burke placed a vendor bid of $500,000 before two parties, both first home buyers, began trading offers of $10,000 and $5000 forThe buyer eventually joined bidding, as did a fourth unexpected bidder who threw out offers right until the end, driving the sale price above the listed price guide of $525,000 to $577,500.
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