Norwood home sells for $2.9m at auction despite market cool-off

The Norwood home at 96 Osmond Tce was snapped up for $2.9m under the hammer. Many buyers are steering clear of auctions as the market cools but some are still willing to pay top dollar to secure hot properties. A farmer and his wife snapped up a Norwood home at the weekend for almost $3m under the hammer. Selling agent Joe Hibeljic, of Ray White Norwood, said it was proof auctions were still successful and the most transparent way to buy and sell. Five prospective buyers registered to bid on the two-storey, four-bedroom home at 96 Osmond Tce before it sold for $2.9m at auction. 96 Osmond Tce, Norwood. 96 Osmond Tce, Norwood. Mr Hibeljic said the couple who purchased the home, which is on a 389sqm block near The Parade, were upsizing but downsizers and local business owners had also shown interest in it. “The wife came through every open home we had – we had nine open homes,” he said. “The price did surprised me. MORE NEWS OTR billionaire buys sheep station empire ‘Mexican standoff’: Adelaide’s property market stalls Investor’s key to beating property tax changes “It was one of those homes where Osmond Tce itself was the selling point.” Despite Adelaide recording a clearance rate of...