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The couple muscled out two other bidders to win the keys to the home at auction, all who wanted to buy near some of Melbourne’s most sought-after schools.
In a string of sought-after suburbs, home buyers are presently facing boom-like conditions at auctions. But will the surge continue?
The buyer was one of four bidders at the auction held behind closed doors on Saturday.
Home buyers in one part of the city are negotiating average discounts of 12 per cent to their property’s asking price as the market weakens.
The stunning four-bedroom Victorian terrace sold after three bidders competed, as agents say more buyers are competing for ‘turn-key’ homes during the downturn.