Clarinda house smashes suburb record as $2m milestone looms

Five bidders pushed 42 Elder St, Clarinda, to a record $1.985m, some $385,000 above the top of its advertised price guide. A bidder who missed out on a record $1.985m Clarinda home bought another property in the suburb for more than $1.9m just days later. The extraordinary second purchase followed a five-way bidding battle that pushed a four-bedroom house $385,000 above the top of its advertised price guide. It was one of three Clarinda homes to fetch more than $1.9m in less than five months, despite the southeast Melbourne suburb’s $1.05m median house price. RELATED: Australia’s best community was designed for a frog Vic landlords face three-strike ban threat Star AFL recruit’s huge $3.3m move McGrath Clayton agent Peter Laspas said more than 60 groups inspected 42 Elder St during its four-week campaign. Five buyers bid at the September 12 auction, where the property sold for $1.985m against a final advertised guide of $1.5m-$1.6m. Mr Laspas said the result was $350,000 above reserve, with two determined buyers driving the final stages of the auction. The pair traded bids of $10,000 to $20,000 before the contest tightened to $500 increments. “Never in a million years,” Mr Laspas s...