Interstate buyers swoop to win $1.8m Brunswick house from locals
A newly renovated Victorian house in Brunswick has sold under the hammer for $1,802,000, well beyond its quoted range, after a fierce bidding war at auction on Saturday.
The three-bedroom, two-bathroom home at 104 Donald Street was listed with a quoted price range of $1.5 million to $1.6 million, and had a reserve of $1.6 million.
Six bidders, a mix of upsizers and downsizers, competed for the property. Bidding opened at $1,525,000, quickly hit the reserve, and then slowed to smaller rises.
'It was a really competitive auction,' said Jamil Allouche from Ray White Brunswick. 'It was fierce at one stage, then it got tentative for a bit, then it got fierce again.'
An older couple relocating from interstate secured the home via their daughter, who bid on their behalf. They outbid local downsizers in a showdown Allouche described as 'hammer and tongs'.
He said the single-storey layout was a major selling point.
'It is a gorgeous place. It was done really tastefully. The renovation at the back was beautiful. A single level is what attracted the downsizers, and it had a beautiful, gorgeous renovation out the back. And that was the driving force.'
Allouche said Brunswick remained in demand with buyers. 'Brunswick is such a melting pot for not only demographics but cultures. [There is also] the transport connection, and you're super-close [to the CBD] ... It has a beautiful vibe. It's just the place to be.'
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Interstate buyers swoop to win $1.8m Brunswick house from locals
A newly renovated Victorian house in Brunswick has sold under the hammer for $1,802,000, well beyond its quoted range, after a fierce bidding war at auction on Saturday. The three-bedroom, two-bathroom home at 104 Donald Street was listed with a quoted price range of $1.5 million to $1.6 million, and had a reserve of $1.6 million. Six bidders, a mix of upsizers and downsizers, competed for the property. Bidding opened at $1,525,000, quickly hit the reserve, and then slowed to smaller rises. 'It was a really competitive auction,' said Jamil Allouche from Ray White Brunswick. 'It was fierce at one stage, then it got tentative for a bit, then it got fierce again.' An older couple relocating from interstate secured the home via their daughter, who bid on their behalf. They outbid local downsizers in a showdown Allouche described as 'hammer and tongs'. He said the single-storey layout was a major selling point. 'It is a gorgeous place. It was done really tastefully. The renovation at the back was beautiful. A single level is what attracted the downsizers, and it had a beautiful, gorgeous renovation out the back. And that was the driving force.' Allouche said Brunswick remained in demand with buyers. 'Brunswick is such a melting pot for not only demographics but cultures. [There is also] the transport connection, and you're super-close [to the CBD] ... It has a beautiful vibe. It's just the place to be.'
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A newly renovated Victorian house in Brunswick has sold under the hammer for $1,802,000, well beyond its quoted range, after a fierce bidding war at auction on Saturday. The three-bedroom, two-bathroom home at 104 Donald Street was listed with a quoted price range of $1.5 million to $1.6 million, and had a reserve of $1.6 million. Six bidders, a mix of upsizers and downsizers, competed for the property. Bidding opened at $1,525,000, quickly hit the reserve, and then slowed to smaller rises. 'It was a really competitive auction,' said Jamil Allouche from Ray White Brunswick. 'It was fierce at one stage, then it got tentative for a bit, then it got fierce again.' An older couple relocating from interstate secured the home via their daughter, who bid on their behalf. They outbid local downsizers in a showdown Allouche described as 'hammer and tongs'. He said the single-storey layout was a major selling point. 'It is a gorgeous place. It was done really tastefully. The renovation at the back was beautiful. A single level is what attracted the downsizers, and it had a beautiful, gorgeous renovation out the back. And that was the driving force.' Allouche said Brunswick remained in demand with buyers. 'Brunswick is such a melting pot for not only demographics but cultures. [There is also] the transport connection, and you're super-close [to the CBD] ... It has a beautiful vibe. It's just the place to be.'
