Auction: Horne Street, Elsternwick #AstuteInspected
We attended the exciting auction of 3/28 Horne Street, Elsternwick last weekend.
The 2 bedroom, top floor apartment boasts a large balcony with stunning views of the bay. Imagine watching the sunset over the bay every evening? That's exactly what 5 interested parties had on their minds when bidding at the auction. The view however, might not be ever lasting. There has been future planned development for properties in line with the view. Would that put you off?
The auction was conducted by Gary Peer. The first bidder was quick to start with an opening bid of $520,000. He was not spooked by any of the other bidders, continuously bidding an instant $5,000- $10,000 above any other bid against him. His intimidating approach seemed to pay off, as he held the winning bid of $640,000.
Like this auction, there can often be a lot of competition. Having a professional by your side can give you the winning edge against other bidders. That's what we're here for!