bidRhino.com online South Melbourne auction offering attracts 600 online inspectees

Around 600 plus potential buyers have looked at the listing of a forthcoming online Melbourne off the plan apartment auction.

It sits on the bidRhino.com online property auction website, which has launched its service with an off the plan auction offering at 603/79 Market Street, South Melbourne.

Bidding was scheduled to start today on the 61 square metre apartment in the ITUM-developed project. The bids are sought at $530,000 plus.

The live, auction portal aims to revolutionise the property market as residential properties can be listed and potential buyers or tenants can securely bid with just a digital click. 

bidRhino.com online auctions are being marketed as an easy method for sale

bidRhino director Michael Cavey said the basic fee for selling property is $498. 

“bidRhino.com supports the research habits of hundreds and thousands of home-buyers and sellers with over 90% of all property buyers doing all their research solely online," he said.

With initial $575,000 plus price guidance, the auction opportunity is to secure an off the plan property in The Walker apartment complex.

Positioned in the heart of South Melbourne, which is due for early 2016 completion.

This apartment comprises two bedrooms, one bathroom, and an open terrace, in the 67 apartment building that has an architecturally adapted heritage façade.

It is anticipated that each property will be listed online for three to six weeks, during which time bidders can register to bid on any property.

Once the auction itself begins, all registered and approved bidders can bid on the property until the auction is finished. 

When the auction has ended and the reserve price or weekly, rental price has been met, the highest bidder becomes the successful purchaser.