Champion jockey Damien Oliver’s Ascot Vale first home has galloped to a speedy sale after a buyer jumped out of the gates early with an auction-stopping gimmick.
Oliver has won three Melbourne Cups and is an Australian Racing Hall of Famer who holds the Australian record for the greatest number of Group One race wins with 127 career Victories.
He claimed his first Melbourne Cup atop Doriemus in 1995 while living at the 6 Kingston Ave property he listed for auction on September 17.
While the jockey was living in Hong Kong he leased it to Makybe Diva trainer David Hall.
Denis Pagan Real Estate boss Denis Pagan said the three-bedroom house with views across the Maribyrnong River sold a week early on September 9, after a young couple bolted out of the barriers in front of the pack.
“They presented a signed contract, and with a small negotiation we settled it at $1.325m,” Mr Pagan said.
It was a decent nudge above the home’s $1.2m-$1.3m asking price, and a very solid return at almost eight times the $170,000 Oliver paid for the home in 1992.
Mr Pagan added that a growing number of vendors were accepting offers within their home’s price guide.
“There will probably be another interest rate increase next week, so it was smart to put it to bed,” he said.
“It’s a lovely property with a heritage overlay, and the best part of it is the frontage and bay windows looking over the water.”
Pagan is best known as a former AFL coach and player, and helped lead North Melbourne to two premierships in the 1990s.
He is also the trainer of 2020 Victoria Derby winning horse Johnny Get Angry, and said he believed more vendors would “give serious consideration” to early offers if buyers were willing to sign one up on a contract.
Pagan noted this was a shift from even just eight weeks ago, when most homes in the area were still selling just above their quoted range.
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