Four buyers vie for Hamlyn Heights home, pushing price $65K over reserve
FOUR buyers sizing up a Hamlyn Heights home at auction on the weekend is a sign the market’s on the improve, says the selling agent.
Buxton, Highton agent David Gray courted bids from three homebuyers and an investor all out to secure the keys to the three-bedroom house at 37 Drysdale Ave at Saturday’s auction.
RELATED: Plans mooted for prime Highton property
First-time buyer grabs home at auction as others miss out
Young buyers beat rivals to Belmont beauty
“We had competition We had what I thought would happen — we had four bidders, five on the day, but only four had the opportunity to bid.
“We knew there’s be competition, but by no means did we expect to be getting to that level.”
Bidding opened at $550,000, with Mr Gray confirming it was on the market at $595,000.
“Then competition just drove it to $660,000,” he said.
“The vendors were overwhelmed to say the least and incredibly excited when I walked in the door, that’s for sure.”
Mr Gray said it was a “super-neat” home.
“It was one of those that you didn’t have to touch. It had the luxury with it that you could walk in and make sure your furniture fitted, that was the biggest appeal with it.”
The property last sold for $325,000 in 2012, according to CoreLogic.
First-home buyers purchased the weatherboard house, which had a full cosmetic update, and a renovated bathroom and covered deck.
“I see a lot more confidence in the market, certainly on Saturday it’s been a while since I’ve had four bidders at two auctions on a Saturday,” he said.
It’s certainly what looks to be more confidence and at this time of year there’s a little less on the market so buyers are drawing to the properties that stand out, I guess.”
Hamlyn Heights’ median house price is 5.2 per cent higher than the same time last year at $540,000, according to CoreLogic.