PASSED IN - $1,135,000

On a mild Saturday morning in Melbourne, expert auctioneer John Bongiorno opened proceedings with a vendor bid of $1,000,000. Within a few moments a genuine bid of $1,025,000 was announced from the crowd. Receiving no further bids at the time, Mr Bongiorno went inside the home to discuss matters with the vendor, giving the crowd an opportunity to think. Upon returning, another bidder announced themselves with an offer of $1,050,000, which was quickly pushed to $1,075,000 by the original bidder. While calling it down for the fourth time, a third bidder entered the fray, which resulted in a final bid of $1,135,000 and the property was passed in at that price. The crowd was small, yet vibrant, with no more than 30 in attendance.

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James Home Ratings Report - 11 Deakin Street, MALVERN EAST