‘Happy tears’ over ripper result as Craigieburn house blasts past reserve
A Craigieburn family relocating interstate next week were left crying “happy tears” after an unexpectedly high-priced auction yesterday.
Lydia and Ben Chandler have far more in their budget to build a new home interstate after their first home at 10 Glengarry Place, Craigieburn, sold $55,000 above reserve.
After five years living at and renovating the four-bedroom home, they were rewarded with a $685,000 sale far above expectations.
RELATED: Craigieburn houses star for price growth
Blackburn ‘slider’ bucks hard sell trend with $55,000 above reserve result
Home sells $61,000 above reserve in Friday night Craigieburn auction frenzy
“It was all a bit crazy, but luckily it jumped to our reserve pretty quickly and the happy tears started coming,” Ms Chandler said.
“I still can’t quite believe it.”
The hefty sale had been a welcome end to the nerve-racking lead-up to auction.
Auctioneer Daniel Diamantopoulos said the result had caught them by surprise.
“It was a ripper result,” Mr Diamantopoulos said. “This was the sort of result we saw six to seven months ago.”
A limited supply of “nice family homes on good sized blocks” had attracted seven buyers, and six who bid.
“You are generally finding about two bidders mostly,” Mr Diamantopoulos said.
A $500,000 opening offer was followed by a $100,000 rise, and quickly shot past its $630,000 reserve, but dragged on for about half an hour between $650,000 and the $685,000 sale price.
MORE: The deal breakers that could turn buyers away from your property
Bidding frenzy pushes up price for Craigieburn family home
Victoria’s toughest housing markets to crack include Don Valley, Clarinda
A large family looking to upsize in the area won the keys.