Pre-auction deal secures $770k Tarneit family home

The Tarneit family home was snapped up before auction in a knockout pre-auction deal.

A Tarneit family home has been snapped up in a knockout pre-auction deal, selling for $770,000 just an hour before it was set to go under the hammer.

The four-bedroom, two-bathroom property at 11 Respect Way was due to be auctioned on Saturday but was secured early by a buyer with an unconditional offer.

Compton Green Inner West agent Gerard Hannan said while interest had been strong, many buyers were subject to finance and unable to bid at auction.

“Then one buyer came in, completely unconditional — no finance clause, no hesitation,” he said.

“We’d had other offers on the table, but this one ticked every box and the vendors decided to secure it.”

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It reflects a growing Melbourne trend, with homes increasingly being sold before auction as buyers scramble to outmanoeuvre the competition.

“Across Melbourne, homes are being snapped up before auction. In some cases they’re selling $200,000 above the quoted range,” Mr Hannan said.

“Buyers can see the writing on the wall: demand is hot, and competition is fierce.”

Stone-topped kitchen with open-plan dining set the scene for family living.

Sleek bathroom with full bath and floor-to-ceiling tiles.

The 312sq m property offered multiple living zones, a stone-topped kitchen, covered alfresco with cafe blinds and landscaped gardens. Mr Hannan said the home stood out from the pack.

“From the street it looks similar to other homes, but once you step inside, you can tell the difference,” he said.

“This wasn’t a stock-standard build or an investor’s rental — the owners designed and built it as their dream home.”

A second lounge created a private escape from the busy family hub.

Stainless steel appliances and custom cabinetry added a premium finish.

For the vendors, he said the result was “bittersweet”.

“They were thrilled not just with the result, but relieved they didn’t have to face another week of open homes and the tension of auction day. On the other hand, this was their dream home, full of memories, so there’s emotion there.”

With Melbourne’s auction market heating up before the AFL Grand Final weekend pause, and a new first-homebuyer scheme starting October 1, Mr Hannan said urgency among buyers was clear.

“They know what they can buy today will cost more in a few months’ time,” he said.

“We’re already seeing more confident buyers with bigger budgets.”