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VFP Defies Market with 65 People Plus and a Result at Auction

Tuesday, 25th November 2008

At 12:00pm on Saturday the 22nd of November 2008 VITALE FINE PROPERTIES defied the market trend by pulling a crowd of 65 plus people to the auction of 32A Ruislip Street in West Leederville.

VFP Principal David Vitale said: "There were 65 people plus in attendance, five bidders and a total of 21 bids. We knocked the property down at $1,140,000 after some very competitive bidding. The vendors were over the moon to get a result on the day which has enabled them to move on with their plans.

The successful bidder who was accompanied by her family and was bidding for herself and her partner who couldn’t attend because he was sitting an exam, was also ecstatic to have secured the property. She did very well to hold in there in a pressure situation." David also said “the auction process is a great way to create urgency in a market where there isn’t much of it.”