The four-bedroom house (pictured below) fetched $1.542 million, which was nearly $350,000 above the reserve price, Barry Plant Rosebud Auctioneer Paul Cunnington said.
A family from the eastern suburb of Balwyn edged out homebuyers and developers to win the keys to the property, which will remain a holiday house.
“This would be our strongest auction result this year and shows the market is robust,” Mr Cunnington said.
“The first bid was at the reserve price of $1.2 million and most of the developers dropped out at $1.3-$1.4 million, and two buyers went head-to-head at the end.”
Two homebuyers pushed the price to $2.101 million, which made the sellers “extremely happy”, Barry Plant Glen Waverley auctioneer Tony Ievoli said.
A local family snapped up the five-bedroom house, which was popular with buyers because of its location in the Glen Waverley Secondary and Mount View Primary catchment.
“The sellers would have been pleased with a price close to $2 million,” Mr Ievoli said.
“And this shows quality properties are selling well.”
Meanwhile, a Burwood property that sold prior to its scheduled September 16 auction (pictured below) has set a new price record in the Montpellier Gardens Estate.
The estate is tightly held and sought after because of its proximity to private schools, Deakin University and Chadstone shopping centre.
More than 80 groups inspected the house and it drew six offers. A couple from Sydney, who had not inspected the house, snapped up the property.
“They were relocating to be close to family,” Mr Chow said.
“The sellers were hoping for $1.6 million and were happy to accept the offer prior to auction.”
The previous record price in the estate was $1.699 million.