Plenty of fish in the market for Melbourne’s passed in homes

Plenty of fish in the market for Melbourne’s passed in homes

A Port Melbourne home with an aquarium tank that could host “any of the fish you see in Finding Nemo” is still hoping to hook a buyer.

Despite significant interest in the impressive, three-storey home and its 1.8m aquarium turned terrarium, no bidders emerged at its 9.30am auction yesterday.

The house at 73 Esplanade East passed in on a $1.4 million vendor bid.

RELATED: FightMND Auction raises six figures

Melbourne auction market ‘bounces back’ with big sales

Super Saturday brings first Melbourne auction market test of 2019

The Agency’s Ben Hughes said after 60 groups inspected the property in the lead up to auction, a number of prospective buyers had been left treading water by their bank.

“We had a few people who had to pull out due to not having their finance approved,” Mr Hughes said.

“And we are seeing that at a few campaigns, but we are still getting good results.”

Homeowner and co-owner of Reef Galleria Aquarium and Cafe Ken Sun was still positive about getting a result.

“I’m being realistic, in this market auction day is more like presentation day, and often the home sells after,” Mr Sun said.

The home’s location, near the bay and good restaurants, would suit busy professionals, while the tank in the living area could be converted for use for tropical fish or removed as the buyer preferred.

The house is for sale via private treaty with a $1.55 million asking price.

Auctioneer Peter Kakos (pictured inset) said it wasn’t uncommon for homes to pass in at the moment, but many were sold shortly after.

A six-bedroom house he auctioned at 52 Clyde St, Kew East, attracted two bidders, but passed in at $2.81 million yesterday.

Two hours later it sold for $2.9 million — the top of its $2.7-$2.9 million price range.

“Vendor’s are now becoming more realistic, and more understanding of market conditions,” Mr Kakos said.

“And (buyer) numbers are certainly up, and so are the auction attendances.”

MORE: Bar opening to cap off Melbourne star Max Gawn’s milestone

Expert advice: Victorians’ ultimate guide to property for 2019

Melbourne market downturn showing no real sign of ending

The same home would have struggled to sell at all as recently as October or November last year, he said.

nathan.mawby@news.com.au

Source link