Four out of five sell under the hammer at Ray White City Apartments auction
August 15, 2014
There was spirited bidding on all of the apartments up for sale at this week’s Ray White City Apartments auction, with four out of five selling under the hammer.
The most competitive bidding was on a 2 bedroom student apartment in the Columbia building on Whitaker Place, which had a $1 reserve, which was also the opening bid. After very keen bidding from several potential buyers it sold for $100,000.
There was also competitive bidding on two apartments that because of their size and facilities would have been suitable for owner occupiers and both sold under the hammer.