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“It was a wonderful place to raise our daughter,” they said. “It would be great if we could lift this house and move it, but that’s not possible.”

The property was one of 1,226 properties scheduled to be auctioned in Melbourne this week.

In the northeastern part of the city, a two-story townhouse in Alphington facing parkland sold for $1,575,000.

3 bedroom house 4/8 Court AvenuePart of a small gated house in the English Mew style, it has 4m ceilings, a distinctive chandelier and a rear garden. The estimated price range was $1.375 million to $1.5 million.

Savills auctioneer and agent Michael Lang said bidding started slowly at $1.4 million, with two bidders gradually increasing the price in increments of $10,000 and $20,000 until the final bid was $5,000.

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By the time it surpassed the $1,485,000 reserve, the pace had picked up and Lang said he had to race to see if it was on the market.

“It was going up like a rocket,” he said. “The first bid was a little tough, but the subsequent bids moved quickly after that,” he said, adding that the winning bidder was a couple in their 50s who narrowly beat out the first home buyers, a young professional couple.

Vendors are considering upsizing and will be happy with the results, he said.

A luxuriously renovated former milk bar in Fitzroy North It sold for $5.1 million at auction, nearly $1 million more than the reserve.

4-Bedroom Victorian Clapboard Home 558 Ray Street Updated by local architect Kennedy Nolan. There is a landscaped courtyard, exposed concrete and timber details throughout.

Nelson Alexander FitzRoy auctioneer and lead agent Mark Verrocchi said the price range was $3.9 million to $4.3 million, with bidding starting at a “cheeky” $3.2 million.

He said that after the vendor’s bid was $3.9 million, the bid rose “very quickly” by $20,000, then $50,000, and finally reached the lowest bid of $4.2 million.

Mr Verocchi said the “rapid” pace of the auction, with four young families and a couple in their 50s competing, led to the quick sale.

The buyers were a young family with siblings already in the area and had been looking for some time.

Mr Verocchi said the contractors wanted to return to their hometown of Newcastle, New South Wales, and repeat their success with another renovated home.

in Heart of Coburga former laundromat and grocery store, sold at auction for $1.13 million, almost 15 percent over reserve.

Our newest 3 bedroom Edwardian is located on the next corner. 105 Munro Streetthe estimated price was $900,000 to $990,000.

Features include Baltic pine floors, a timber dining nook and pink accents in the kitchen and bathrooms.

Barry Plant agent and auctioneer Jarrod Couch said: “There’s a bit of history in the building,” including a study that preserves the original storefront.

Couch started with a vendor bid of $900,000, and bidding began in earnest at $910,000.

Bids increased in $10,000 increments, with three bidders vying to easily top the $990,000 reserve. A couple in their 30s won the day and bought their first home.

The sellers moved to New South Wales for retirement four or five years ago and had recently rented out the house.

“They had no plans to return to Melbourne and decided now was the time to go ahead with it,” Mr Couch said.

He said it was widely believed that both of this year’s auctions were reasonably comfortable and buyers were not scared. recent interest rate rises.

“I think the sentiment among buyers is that they recognize that the recent rate hikes are a small drop in the pond,” he said.