An Aintree family became unexpected property millionaires this week after their home soared $140,000 past its reserve.
They were among the many winners from an unusually busy Grand Final week under the hammer.
Andrew Liapis bought his 5 Deason St home in 2019, after a six month search for something with a triple garage for his “toys” including a classic Monaro, a Mustang, collectable trucks and a caravan.
Four years on, the family have moved to a bigger home for their toys and put the Aintree address under the hammer on Wednesday night with a $920,000 reserve set at the top of its $870,000-$920,000 price guide.
But the home soared to an unexpected $1.06m when three bidders pursued it.
Mr Liapis said it was “worth every bit of that price”.
“It was a fantastic home and in a perfect position and I’m not sugar coating it,” he said.
Mr Liapis said while he felt the market had been fluctuating a bit in recent weeks, select homes similar to his were poised to do well.
Ray White Taylors Lakes principal Peter Travlos said with the home one of 12 sold under the hammer on Wednesday night by the firm, the market was clearly strong.
He described a Niddrie sale in the namesake suburb of new Victorian Deputy Premier Ben Carroll’s electorate as proof desirability was extending from neighbouring Essendon.
The 3 Grosvenor St home sold for $1.18m, smashing the $1.05m reserve set by the vendor.
“The market here is still strong, but it’s also affordable with good value. Land sizes are often in excess of 600sq m and you get a four-bedroom house and often a pool.”
Improving infrastructure across the area was likely to give the market a further lift in the years ahead.
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