A woman represented by her father paid $4,815,000 for a four-bedroom house in Glebe, outbidding five others, mostly families, at auction on Saturday.
The home at 405 Glebe Point Road has ornate ceilings, a romantic vine canopy in the courtyard and a highly desired backyard for the buyer who has dogs.
Five out of six registered parties made offers on the property with an initial guide of $4 million which was later lifted to $4.3 million.
Most were families looking to upsize from smaller houses. Bidding opened at $3.8 million in $50,000 increments until it reached its $4.3 million reserve, then smaller bids were made until it sold.
Ray White’s Matthew Carvalho said, “It was one of those sorts of houses in Glebe that don’t come up very often at that scale … it had a lot of beautiful cha

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