oc | Thursday 2nd April

21 Brunel Street, MALVERN EAST

21 Brunel Street, MALVERN EAST

Under Hammer
BOUGHT* - $2,321,000
As I approached this auction, the canopy of plane trees was a welcoming sight. During this lunchtime scene, 90 or so people were fortunate to find refuge from the beaming sun in this tree-lined street as the proceedings started late and the action was slow to start. This was the second auction for this property in 6 months, possibly due to price than the home. Auctioneer Marcus Chiminello swiftly opened on a vendor bid of $2m and asked for $25,000 rises. After a delay, Bidder One took this up but Marcus was forced to confer with his vendor as there was no further bidding. This pause must have done the trick as three more bidders entered the fray. Bidding reduced to $5,000 increments until the property was declared on the market at $2,200,000 - reasonable I thought as it had been quoted in the low $2m's. From this point, bidding rose to $20,000 offers and then reduced again until it reached $1,000 bids. Bidders one and four then battled it out for 21 bids (worth a total of $21,000) until the hammer was brought down. Bought under the hammer by Bidder One for $2,321,000.
Saturday 16 February 2013, 12:30pm
Marcus Chiminello, Marshall White
Rae Tomlinson, Marshall White
$2,100,000 - $2,500,000
$2,000,000(Vendor Bid)
Under Hammer

Gina Kantzas
Inner Melbourne 2000-2014, one couple bought for $500,000 and sold for $576,000, another bought for $493,000 and sold for $1,500,000.
Homes We've Bought

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