Queensland Investor Outbids Seven Others to Purchase $707,000 Frankston North House at Auction

A Queensland investor purchased a Frankston North house for $707,000 at auction, beating seven other bidders. The house, listed at a range of $540,000 to $594,000, had a solid build and 605 square meter land size. Four of the eight bidders were investors, with three from interstate. The auction was quick and spirited, finishing in seven minutes. The sale price was $157,000 above the vendor's reserve. In Pascoe Vale South, an investor paid $1.38 million for a home they saw for the first time at auction, beating a downsizer and aspiring home buyer from Sydney.