Downsizers outbid three other buyers for the modern three-bedroom home, pushing the price $155,000 above the reserve.
Downsizers bought a three-bedroom Beaumaris home for $2,905,000.A large Beaumaris home sold at auction for $2,905,000 on Saturday, fetching $155,000 more than its reserve price.featured an architectural design, multiple living areas and a modern style.
“There was a lot of bidding,” he said. “It basically started to take off from onwards. We had two people in play that were competing until it was on the market then we had two people come into play after that.” It was one of 362 auctions scheduled for Saturday, a lower than usual volume, due to the Labour Day long weekend.“I think most properties priced up to $5 million in the current market are performing well at auction. There seems to be competitive bidding at most homes we’re offering,” he said.