Low-flying aircraft no deterrent to northern suburbs auction action

Low-flying aircraft no deterrent to northern suburbs auction action

A GREENVALE house with its own vineyard has snared a $1.49 million sale, despite an auction punctuated by low-flying aircraft.

It was one of three big results giving agents in the city’s north confidence the auction market has turned a corner.

After an auction preamble with several aircraft flying low overhead Barry Plant auctioneer Nick Pugliese quipped at a sudden silence when he opened the bidding for 7 Montrose Court.

RELATED: Australian cricket captain Aaron Finch lists Kensington warehouse

Broadmeadows ugly duckling feels the love on Valentine’s Day

Daniher brothers’ Moonee Ponds investment sells to couple on their wedding day

“This does show the serenity, it’s nice and quiet,” Mr Pugliese joked.

A $1.3 million vendor bid sparked a spirited competition, 10 bids, and about as many planes later the home sold for $1.49 million.

The buyer will look to subdivide the 4000sq m block and bested a family hoping to make the four-bedroom house their home.

Listing agent Phong Ho said it was a “great outcome” and would give others confidence. “This would definitely motivate sellers,” Mr Ho said.

Meanwhile a little piece of Europe in the same suburb sold $135,000 above reserve in a four-bidder auction that ended with the keys going to a couple migrating from China.

The auction for 12 McGuire Court opened with a $760,000 offer and quickly rose to a $935,000 sale.

Ray White Gladstone Park director Malek Younan said a Sri Lankan family were selling the Spanish-inspired house and the result showed Melbourne’s global appeal.

Sally Ling won the keys, with her husband bidding on the phone from China.

“I really enjoyed the auction,” Ms Ling said. “And this will be our first home here.”

Ray White’s Phillip Mercieca sold a more affordable offering at 22 Prior Ave, Gladstone Park, a suburb over for $649,000 — with four-bidders pushing it $39,000 past reserve.

Owners Natalie Gosden and Luke Perich were thrilled with the result which will help them build their next step up the property ladder.

MORE: Melbourne suburbs knocked from million-dollar club

Regional Victorian property market rising above the rest

Expert advice: Victorians’ ultimate guide to property for 2019

“This was pretty much our dream price, I can’t imagine it going up more than it did,” Ms Gosden said.

Nicholas Provenzano won the keys and said he had been looking, on and off, for about a year.

He will use it as an investment initially, but plans to move into the home in about five years time.

“I liked the neatness of it, and it was the right-sized block I wanted with drive-through access to the back,” Mr Provenzano said.

Source link