This Craigieburn home sold $150,000 above reserve after 15 bidders battled for the family’s beloved property of 37 years.
A Craigieburn family has farewelled their mother’s home of 37 years in spectacular fashion, with 15 bidders pushing the sale price more than $150,000 above reserve in an emotional auction that left the siblings speechless.
The tidy three-bedroom home at 58 Bainbridge Close sold under the hammer for $780,500, soaring well past its $600,000-$630,000 price guide in front of a competitive crowd on Saturday morning.
Paul Zwagerman, who sold the home with his three siblings on behalf of their 91-year-old mother as she enters aged care, said the result was far beyond what they had hoped for.
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“We are so happy with how this auction went,” Mr Zwagerman said.
“We’re happy with the open homes, which saw good numbers, and we’ll definitely be recommending this process to friends.
“I like auctions because you get a fair price and plenty of people bidding for what the market is worth.”
Clever storage, natural light and generous benchspace made this kitchen a hit with buyers chasing move-in-ready appeal.
There were 15 registered bidders, with five competing on-site and another three joining online from Melbourne and Sydney, according to Ray White Craigieburn’s Steph Shepherdson, who ran the auction.
“It was an absolute cracker of an auction,” Ms Shepherdson said.
“We knew we had strong interest heading in, but to push into the high $700,000s was just mind-blowing.
“We certainly weren’t anticipating that level of competition.”
Spacious and sunlit, the main living area offered comfort, versatility and strong street appeal for families and investors alike.
Bright, playful and well-sized, one of three bedrooms, including this sweet kids’ room, helped drive family-focused interest.
She said the campaign resonated with families, developers and first-home buyers alike, drawn to the 657sq m block’s zoning flexibility and central location near Craigieburn Plaza, parklands and the train station.
The sale also reflects a growing urgency among buyers keen to get ahead of rising market momentum, with Ms Shepherdson noting many were rushing to get finance approved in anticipation of another rate cut.
The undercover pergola offered a seamless indoor-outdoor flow, perfect for entertaining or relaxing in the landscaped backyard.
A generous 657sqm block with established gardens gave developers, families and investors something extra to fight for.
“There’s absolutely that sentiment in the air, people want to strike now before they’re priced out,” she said.
The result was bittersweet for the family, who gathered on the street to watch the sale unfold.
“The kids were selling their childhood home, it was emotional for everyone,” Ms Shepherdson said.
“But this sale means they can now comfortably support their mum in care, which made it a really joyful outcome too.”
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