Business
Sydney auctions: Family outbids developers for older-style $3.3m Leichhardt house, smashing suburb record – Domain News
A local family outbid a slew of developers, splashing $550,000 more than the reserve price for a home most bidders were keen to knock down or land-bank.
A local family has outbid a slew of developers to snap up an older-style Leichhardt house at auction for $3.3 million, about $550,000 above the reserve.
Most of the 26 registered bidders were looking to knock down the home or land-bank, and the hot competition pushed the price to a new suburb record.
It was one of 851 properties scheduled to go under the hammer in Sydney on Saturday, making it the citys busiest auction day since February.
About 100 people gathered for the auction of the five-bedroom,…
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