‘Monster result’: Mickleham house smashes reserve by $40,000

49 Ginger Cres, Mickleham, sold after a four-way bidding battle. A house in Melbourne’s north delighted its owners by defying market conditions to sell for $590,000, a sum tens of thousands above reserve, on Saturday. Owner Corey Carlton purchased the Mickleham property as a house and land package while aged in his twenties and moved into it in 2020, with his partner later joining him in the three-bedroom home. Ray White’s Adrian Prestileo said he was surprised when the opening bid came in at $10,000 above the $550,000 reserve. RELATED: Melb auction crown lost to Sydney Melbourne auction clearance rate hits 60 per cent despite RBA rate rise Run-down Carlton North home sells $206,000 above reserve Four bidders drove the action and a first-home buyer “really wanted it”, pushing hard from the first bid to the end to secure the 49 Ginger Cres residence. She was buying with her partner, with the pair keen to make the step from renting in the Craigieburn area to owning a house. Mr Prestileo described the “monster result” as a highlight on the weekend following the RBA’s decision to raise rates on Tuesday. The home is only a few years old and won over multiple buyers. “We had multiple pro...