The home in Norman Street attracted fierce competition and a huge crowd,some of which planned to take a bulldozer to the home.
The four-bedroom house had a quoted price range of $2.4 million to $2.5 million,and passed in at $2.6 million.
The Perth property price boom over the next three years looks firmly entrenched,with a key forecaster revising its growth predictions upwards.
After a fierce battle of the first home buyers,the winners picked up a quaint two-bedroom home with period features.
Both the buyer and the underbidder expected the two-bedroom house in a sought-after location to sell for even more.
Home buyers here are happy to pay more for the lifestyle and find the commute is not a problem.
They offer houses on large blocks of land and proximity to sought-after schools,even if they are a little further out of the way.
Owners of detached houses are likely to sell for a profit,but investors or first home buyers on a tighter budget can avoid missing out.
It’s six feet wide at its thinnest and took 24 goes to get through the local council,but the result is clever and intriguing.
By the year’s end,American and global shares could account for a combined 70 per cent of younger investors’ portfolios.
Prices rose 53 per cent in the past three years – and didn’t go through a downturn like other kinds of property.