A developer purchases a dilapidated three-bedroom house in Melbourne’s south-east suburb of Eumemmerring for $732,000, after outbidding two first home buyers. All reports say the property is described as “vandalised” and is in poor condition.
According to the outlets, the final price is $132,000 above the property’s reserve price. The developers’ bid is presented as winning the sale for the keys, with two first home buyers losing out despite competing for the home.
The articles focus on the sale outcome and the scale of the over-reserve payment, but they do not detail further information about the extent of the damage, the sale process, or the developer’s plans for the property. The reporting is consistent across outlets on the buyer type, the suburb, the property features (three bedrooms), and the sale price relative to the reserve.
