Tullamarine house receives significant attention from bidders

December 11, 2017 by  

The Melbourne housing market has recently seen some astonishing sales, with eager buyers competing for houses ranging from beachside mansions to smaller and modest homes. Home buyers in Melbourne have even been seen to brave the recent bad weather in order to obtain the keys to their dream house.

In Tullamarine, as many as eight bidders have gathered during an auction to vie for a renovated three-bedroom house on Tadstan Drive. This turnout was more than initially expected. The relatively simple house was finally sold for $655,000 to a Brunswick couple.

According to Luke Albioli, a director and fellow auctioneer, rain during an auction is favourable to him due fewer bids insincere bidders. He indicated that during the rainy auction day, the Tadstan Drive house begun bidding at $550,000, then rapidly increased to above $600,000.

Further south of Melbourne, the auction process of a house in Sandringham was much more slow and tedious, where two potential buyers exchanged around 50 back and forth bids of $1,000 increments, before the house finally went under the hammer for $851,000.

As the population of Melbourne continues to grow, houses are becoming increasingly rare gems, especially in desirable locations. A smart move would be to collect real estate business cards and keep in contact with some of the area’s leading estate agents.