“There was strong interest in this property with four of the seven registered buyers actively competing against each-other once the auction kicked off,” Mr Wells said.
“This was a large family home and buyers were looking at getting into the school zone. The supply of property is still low and that is helping to create competition during campaigns.”
Another stand-out sale came in Bishopdale as Ray White Next Step Salespeople Elpi Lakakis and Rebecca Adendoff successfully sold 18 Leacroft Street (above) for $875,000.
“This auction was brought forward at $650,000 and subsequently sold under the hammer 21 bids later for $875,000,” Ms Lakakis said.
“We had 14 buyers registered and a dozen of them raised their paddles to compete. The price is an indication that the developer market is still strong.”
