Three parties offered more than $7 million for a Brighton fixer-upper, and a Kew home soared about $430,000 above reserve in signs the property market is changing gears.
The national clearance rate is at its highest since May even as the number of auctions rise for the spring selling season as more buyers look for opportunities.
The home in Weston Street passed in on the buyer’s bid of $1.55 million, but she negotiated a post-auction deal over the phone after getting off a flight in London.
Inside the compound : Incredible mansion hidden behind a unique façade boasts a marble kitchen, Bali-inspired swimming pool, a VERY edgy cinema with a cocktail bar and a car lift in the basement
An architect has created a unique luxury mansion just metres from the sand of Melbourne s Brighton Beach
The masterpiece , designed by Rodney Eggleston of March Studio, has won a slew of sought-after awards
Standout features include a marble kitchen, Bali-inspired swimming pool, gym and cinema with cocktail bar
The upstairs is shrouded in angled copper sheets which provide privacy from passersby on the street