Sentimental Torquay sale brings in $800,000

ANOTHER home in Torquay has been sold for a big price at auction, with the hammer coming down at 72 Fischer Street for $800,000.

The auction on Saturday morning started with sunny weather and blue sky overhead, which was a welcome relief for all parties involved given the weather forecast predicted.

There were two bidders on the property, auctioned by McCartney Real Estate’s John McMahon and Graeme McCartney, with a crowd of about 50 people looking on.

The house has been in the same family since the 1950s so it was a sentimental sale for the family as well as the purchasers – a young couple renting in Torquay just around the corner.

The purchasers, who were excited to have made the winning bid, had a number of extended family supporting them at the auction.

The advertising campaign for the property drew considerable interest, with 60 groups inspecting the home and 75 internet enquiries.

McCartney Real Estate says the minimal stock in Old Torquay means properties in the area continue to be highly sought.

The auction clearance rate for the Saturday was 62 per cent (see below for more).