First-home buyers secure North Melbourne home in increasingly ‘confident’ market
Two generations of owners were on hand for the auction of a North Melbourne house this weekend.
While the seller of 2C Harris St waited nervously upstairs, the two-bedroom home’s previous owner was in the crowd out front.
The auction opened with a $780,000 low offer, and rose quickly as four bidders joined in. It passed in at $875,000 and was quickly negotiated up to the $890,000 reserve price in a sale done behind closed doors.
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Ziryan Kamal and partner Joanne Ly ended a six-month search for their first home with the buy.
“It was terrifying and exciting,” Mr Kamal said.
“We are homeowners now, it’s still sinking in.”
Marisa Black and partner Ellis Davies were selling the property — also their first home — after 10 years.
They bought it while on their honeymoon and had started raising their three children in the modest house.
“We’re delighted it’s going to a couple who are moving here and continuing a family in it,” Ms Black said.
Having the previous owner turn up to wish them well was a sign of how well connected the local community was, she said.
Jellis Craig auctioneer Trevor Gange said despite the pass in, to have four bidders was a sign of growing buoyancy for the inner Melbourne market.
“Each week it’s getting a little bit more confident,” Mr Gange said.