Homeowners moving into and out of Melbourne swap states at Brisbane auction
One Melbourne family migrating to Brisbane managed to win a home at auction - from a family looking to move back to Melbourne. SEE AUCTIONS LIVE
One Melbourne family migrating to Brisbane managed to win a home at auction - from a family looking to move back to Melbourne.
Seven registered bidders appeared on Saturday morning for the auction at 120 Hawthorne Rd, drawing a crowd of around 50 people.
With a history of homing families, the house had a track record for being an affordable, entry-level house. For those looking to expand and renovate, the home also has enough space on its bottom floor by the garden for an extension, allowing for additional rooms and possible dual-living.
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Starting at a bid of $1.3 million, four active bidders began to make their offers for the property. Place Bulimba agent Rachel Butterworth said each of the bidders knew what they were doing, making decisive bids and knowing where their limit was.
"They didn't muck around too much," she said. "The vibe was awesome - we had around 50 people, bidders, neighbours and other interested parties."
After around 8 bids, the competition had settled down. At $1.455 million, the home sold under the hammer to a family of four: a mother, father and two boys.
The winners were an English couple who were moving up from Melbourne, after having spent a couple of months renting while looking for their new home.
Entirely coincidentally, it was a similar case for the old owners, who bought the property after moving up from Melbourne themselves. Now seeking to move back down with their family, the owners decided to pass the home on, giving it to the new couple from the same state.
Considering the possibility of more room downstairs, the new owners have decided to absolutely use some of the space out the back for a pool.
"I think this will be their long-term home ... for a while," Ms Butterworth said.
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Originally published as Homeowners moving into and out of Melbourne swap states at Brisbane auction