BOUGHT* - $1,125,000

Three auctions for this property in as many years, must have given auctioneer Bill Stavrakis some concerns as to what might happen today. With a strong crowd in attendance, and after an opening bid $850,000, things were looking up. Two parties were now trading bids before half time was called at $1,085,000. After a short interval the property was re-offered to the market.  The break worked a treat as we now had four other bidders who saw value in the property and entered into the competition. Several agents from Biggin & Scott moved among the bidders, but it seemed to take forever between each bid. With only two bidders left at the pointy end of auction, a brave bidder stood head and shoulders above the rest and the property was knocked down to him at $1,125,000 ($55,000 less than what it was sold for earlier in the year and approximately $300,000 less than the auction covered in James Market News around 3 years ago). 

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