Properties in South Albury, North Albury and Albury all sell at online auction | border mail

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A four-bedroom house in South Albury sold for more than $800,000 at an online auction on Saturday. With Albury under stay-at-home orders from Thursday, the Stean Nicholls agency moved three auctions to online format, but that did not deter bidders. A 1950s red-brick house on Ebden Street fetched $840,000 after a heated auction exchange between three potential buyers. An opening bid was taken at $500,000 and quickly climbed to $600,000 before a massive jump from $690,000 to $750,000 tipped other buyers off. IN OTHER NEWS: Bidding slowed but eventually reached a very healthy sale price of $840,000. Auctioneer Jack Stean said the seller was delighted with the result. “At the time, we thought it was around $650,000, maybe more, but our reserve was at the high end of our valuation range and it really got a little crazy,” he said. -he declares. “I think it has to do with the fact that there aren’t really that many properties available in South Albury anymore, there really isn’t anything around anymore. A central Albury unit on nearby Stanley Street of the Botanical Gardens and Monument Hill, went under the hammer for “It was obviously a lower price, but it was still more than 10% above reserve, so sellers were thrilled there, which was fine,” Mr Stean said. Also sold above reserve at $590,000 by Stean Nicholls auctioneer Lachlan Hutchins. is not like in Melbourne where properties are selling for $1 million above the reserve, they are selling for what people are willing to pay.” Buyers from Melbourne and Sydney can’t come here and we don’t can’t go, and while there’s always interest between the states, much of today was more buying ers.” Our reporters work hard to bring local, up-to-date news to the community. Here’s how you can continue to access our trusted content:

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A four-bedroom house in South Albury sold for more than $800,000 at an online auction on Saturday.

With Albury under stay-at-home orders from Thursday, the Stean Nicholls agency moved three auctions to online format, but that did not deter bidders.

A 1950s red-brick house on Ebden Street fetched $840,000 after a heated auction exchange between three potential buyers.

An opening bid was taken at $500,000 and quickly climbed to $600,000 before a massive jump from $690,000 to $750,000 tipped other buyers off.

Bidding slowed but eventually reached a very healthy sale price of $840,000.

Auctioneer Jack Stean said the seller was delighted with the result.

“At the time, we thought it was around $650,000, maybe more, but our reserve was at the high end of our valuation range and it really got a little crazy,” he said. -he declares.

“I think it has to do with the fact that there aren’t really that many properties available in South Albury anymore, there really isn’t anything around anymore.

SNAPPED UP: A two-bedroom unit in central Albury on Stanley Street sold for more than 10% above reserve price on Saturday. Photo: JAMES WILTSHIRE

An Albury central unit on Stanley Street, close to the Botanic Gardens and Monument Hill, went for $322,000.

“It was obviously a lower price, but it was still more than 10% above reserve, so sellers were happy there, which was good,” Stean said.

A three-bedroom property in North Albury on Frauenfelder Street was also sold above reserve for $590,000 by auctioneer Stean Nicholls Lachlan Hutchins.

SNAPPED UP: A two-bedroom unit in central Albury on Stanley Street sold for more than 10% above reserve price on Saturday. Photo: JAMES WILTSHIRE

Mr Stean said it had been a great year for auctions and said demand for goods across the border had been “a perfect storm” of factors.

“I don’t see it slowing down or changing,” he said.

“It’s not like in Melbourne where properties sell for $1m above reserve, they sell for what people are willing to pay.

“Buyers from Melbourne and Sydney can’t come here and we can’t go, and while there’s always interstate interest, a lot of today was more local shoppers. “

Our reporters work hard to provide local, up-to-date news to the community. Here’s how you can continue to access our trusted content: