A charming Victorian home in Marrickville sold for $1.42 million this morning, with four bidders pushing up the price beyond expectations.
William Pereria of Bresic Whitney said buyers had expressed figures of around $1.38 million for the freestanding classic at 5 O’Hara St, but “there was enough competition to push it up”.
Mr Pereria said there is “life in the market”, even in the COVID climate, but that confusion surrounding the end of mortgage holidays in September/October was causing some hesitation.
“It’s like everyone’s at a disco but they’re scared to go on the dance floor – but it’s still packed,” he said.
“People are starting to take a first step. The life is there, the buyers are there; and when the time comes, there’s going to be enough demand to meet the supply.”