There were 979 auctions scheduled for Saturday.\u00a0<\/li>\n<\/ul>\nProperty listings<\/h2>\n
A Yarraville house owned by Carlton Football Club assistant coach Ashley Hansen sold for $1.08 million at auction on Saturday.<\/p>\n
The two-bedroom house at 5 Hance Street was listed with a quoted price guide of $950,000 to $1,025,000. Jas Stephens executive chairman Craig Stephens had the sale.<\/p>\n
He said the home\u2019s rare, two-car off-street parking was a draw for buyers. Two bidders contested the auction, Stephens said, adding that other interested parties had attended and not bid.<\/p>\n
\u201cThey didn\u2019t get a chance to bid because it took off quite quickly, it went from a grassfire to a bushfire,\u201d he said.<\/p>\n
Bidding opened at $950,000 and reached the reserve of $1.04 million in no time at all, Stephens said.<\/p>\n
It sold to a first home buyer couple, who beat an investor bidding through a buyers\u2019 advocate. He said Hansen was selling to find a larger home for his growing family, and had been supported by some Blues players at the auction.<\/p>\n
It was one of 979 auctions scheduled for Saturday.<\/p>\n
In West Footscray, a house which had its kitchen destroyed by squatters sold in post auction negotiation. The unlivable two-bedroom house at 80 Ashley Street had peeling cladding, sinking floors and holes in the walls.<\/p>\n
Ray White Seddon director and listing agent Peter Gindy listed the home with a price guide of $550,000 to $600,000, after previously trying to sell the home with a price guide of $750,000 to $850,000 in August.<\/p>\n
It was lowered to $600,000 to $650,000 during that campaign, but did not sell at auction. Gindy said the home\u2019s poor state had lowered its value, because of the need for extensive renovations or a complete demolition.<\/p>\n
\u201cWe\u2019ve had a lot of people who are worried about getting [a] subject to finance [condition on the sale contract] because they don\u2019t think the banks will come in and value it at what they\u2019re paying for it, because of the condition it\u2019s in,\u201d he said.<\/p>\n
\u201cThat\u2019s the biggest problem we\u2019ve had … it\u2019s just the condition of it.\u201d<\/p>\n
The auction began at $400,000 \u2013 well below the price guide. Nearly 35 bids were traded between four bidders, two of whom were on the phone, and it passed in at $597,000 to an owner-occupier couple.<\/p>\n
They paid $610,000 in post auction negotiations.<\/p>\n
Most Viewed in Property<\/h2>\n
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