One buyer had to walk away to end a Mexican stand-off over the future ownership of a three-bedroom Highton home.
The buyer stepped away as the 20-minute auction threatened to drag on as duelling bidders made $1000 shots for the property.
Barry Plant, Highton auctioneer Kieron Hunter was the central protagonist, urging each of the combatants to offer a few dollars more to continue the fight on with another hopefully knock-out shot.
Mr Hunter fired the first volley with a $490,000 vendor bid before the first of three bidders entered the fray at $495,000.
But the auctioneer moved within close range of the two bidders that seemed most keen on the keys that they were outside earshot of most bystanders watching the action.
Mr Hunter eventually knocked the property down for $571,000.
It’s the first time the property has traded in nearly 20 years, having last in 2000 for $150,000.
“It’s a beautiful brick property with nothing to do — on flat land in Highton, a short walk down to the shops, the ring road in the other direction. Perhaps you could walk your furniture over here, saving on removalists,” he told the buyers.
The property will become a family investment, buyer Denis Pacor said.
“I might live here for a while because I’m in the middle of doing a house up,” he said.
“We live around here. I grew up just over in Thornhill Rd and my mother still lives there.
“We always have a stickybeak around here to see what’s coming up and we saw this one.
“It’s nice and neat and doesn’t need much money spending on it, so we thought if the price is right we’ll have a crack.”
Highton’s property market has been flat over the 12 months, with a median price of $670,000, but CoreLogic data show’s it’s a good investment long term, with an annual change in price of 6.8 per cent a year over the past decade.