Fam­i­lies in for fight

Herald Sun - Property - - MARKET WRAP -

Strong pre-auc­tion ne­go­ti­a­tions saw 1 Olinda Ave, Beau­maris, sell for $1.625 mil­lion a week be­fore it was sched­uled to go un­der the ham­mer.

A Swisse buyer who fell in love with the swanky fourbed­room prop­erty out­gunned the com­pe­ti­tion to se­cure the prop­erty for his fam­ily.

“We ac­tu­ally had re­ally strong Euro­pean in­ter­est be­cause of the ar­chi­tec­ture,” Mr Cooney said. “We had buy­ers from Ger­many, France and Switzer­land com­ing out of the wood­work.”

The de­mand for fam­ily homes was also ob­vi­ous at the auc­tion of 40 Mawarra Cres, Chad­stone, on April 23.

Five bid­ders com­peted for the five-bed­room house, which sold for $1.206 mil­lion, in what McGrath, Waver­ley, prin­ci­pal Con La­zo­gas de­scribed as a “solid” auc­tion.

“It started slowly but ended strongly,” Mr La­zo­gas said.

“All the bid­ders were fam­i­lies as it was a good fam­ily home.”

Mr La­zo­gas agreed de­mand was strong for fam­ily homes.

“If it is a qual­ity home that has been priced well, priced at mar­ket value, de­mand is def­i­nitely very strong,” Mr La­zo­gas said.

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