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September 26, 2026 \u2014 1:35pm<\/p>\n
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Remove items from your saved list<\/a> to add more.<\/p>\n AAA<\/p>\n A three-bedroom home in Epping, in Melbourne\u2019s outer north, drew such fierce bidding on Saturday that its vendors increased their reserve price during the auction, and sold it for $760,000.<\/p>\n The home at 8 Cerise Avenue<\/a>, which comes with two bathrooms, a four-car garage and is move-in ready, was listed with a price guide of $665,000 to $731,500.<\/p>\n While its initial reserve was $680,000, Areal Property North lead agent Justin Sciola said five bidders were competing so decisively that, after an opening bid of $650,000, he advised the vendors to lift their reserve to $700,000.<\/p>\n \u201cI told them to increase the reserve price, so I think we did have the interest above $700,000,\u201d Sciola said. \u201cTo be fair, they [the vendors] would have made a decision around the $680,000 mark just to move it on.\u201d<\/p>\n After bidding in increments of $10,000 and $15,000, a couple looking for their first home for 15 months, countered a $737,000 offer with a knock-out bid of $760,000.<\/p>\n \u201cThe underbidder had just sold his house and he was bidding strong, he was bidding in fives [$5000 increments] and then the buyer that bought it \u2026 they were bidding in winning 10s [$10,000 increments], and they jumped at, you know, 23,000,\u201d he said.<\/p>\n Sciola said while the market was flooded with a lot of investor stock needing \u201ca lot of property work\u201d, it was not all \u201cdoom and gloom\u201d.<\/p>\n \u201cInvestors are dumping their stock<\/a> and trying to capitalise on what they can, but good homes still sell<\/a> in a great market regardless of the times,\u201d he said.<\/p>\n The property was one of 182 scheduled to go to auction in Melbourne this week.<\/p>\n In Melbourne\u2019s outer-south east, a renovated two-bedroom unit in Clayton South with a reserve of $520,000 passed in at auction after only one genuine bid.<\/p>\n The home at 3\/13 Oakes Avenue<\/a>, featuring a fully renovated bathroom and located close to Clayton shopping precinct, had a guide of between $495,000 and $540,000, said Shanky Walia, a lead agent with Ray White Clayton.<\/p>\n Walia said despite there being two interested bidders, only one made a bid with an opening offer of $480,000. With no counter-offer, Walia said he made a vendor\u2019s bid of $500,000, after which the home passed in.<\/p>\n![\"The](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/09\/1d2da3b7edc40409c8ef7737dff531ae203be86d.jpeg\")
The Epping home sold for $760,000 at Saturday\u2019s auction. DomainRelated Article![\"Ray](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/09\/628e87ec1b4c4879c3b1113095aa0dbf86045cff.jpeg\")
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