$1 higher bid secures Australia's cheapest weekend auction offering

$1 higher bid secures Australia's cheapest weekend auction offering
$1 higher bid secures Australia's cheapest weekend auction offering

The nation's cheapest weekend auction sale was a three bedroom house in Adelaide that fetched $273,102 which saw the final bids get down to $1 bids.

The auction of 6 Miller Crescent, Parafield Gardens had 18 registered parties with eight participating bidders.

The pre-auction price guide had been $199,000.

There was a $208,900 reserve for the modest original condition 1960s, three bedroom brick and tile home.

The contest saw the tiny $1 bids just before the hammer dropped at $273,102.

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"It reflected on the nature the auction, which was a dawn out fight to the finish," Ray White agent Ryan Stapleton said.

"The closing stages became a nail biter," he said.

The auctioneer finally took $1 bids as potential buyers scraped the bottom of their pockets in an effort to secure the home.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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House Auction Auction Market

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