The great Australian dream of owning a home came true for two young families on the country’s national day.
Three bidders emerged from a crowd of 50 with hopes to snag a new home at a Box Hill North Australia Day auction.
More than 20 bids were placed at the sizzling auction, which pushed the three-bedroom house at 22 Maude St more than $40,000 past reserve.
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A $700,000 vendor bid was placed to kick off the auction action and the property was announced on the market at $830,000.
Back-and-forth bidding, mainly in $1000 increments, pushed the price to $871,000.
Ray White auctioneer Aaron McDonald said the local Box Hill North family saw great value in the current market conditions.
“There’s nothing more Australian than buying a 1950s weatherboard in the heart of Box Hill North on Australia Day,” Mr McDonald said.
“The market has come back and people are starting to see great value.”
The family plans to use the home as an investment property.
A Mt Waverley couple with two teenage sons also secured their slice of the nation yesterday.
Two bidders competed for the keys of a brand new townhouse at 2/11 Hillview Ave.
Ray White auctioneer Hugh Francis started the auction with a $1.03 million vendor bid.
The property was announced on the market and sold for $1.1 million.
The buyers, who are currently renting in the area, were attracted to the property’s location — close to the train station for access to Mt Waverley Secondary College and the city.
A first-home buyer also had success in snapping up a Box Hill apartment.
Ten buyers eyed off the two-bedroom pad at 4/33 Albion Rd which sold for $31,000 above reserve.
A collective 22 bids were placed in front of a crowd of 75 onlookers.
The hammer fell at $451,000.
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