First published 9 Nov 2026, 12:00pm
49 Ginger Cres, Mickleham, sold after a four-way bidding battle.
A house in Melbourne’s north delighted its owners by defying market conditions to sell for $590,000, a sum tens of thousands above reserve, on Saturday.
Owner Corey Carlton purchased the Mickleham property as a house and land package while aged in his twenties and moved into it in 2020, with his partner later joining him in the three-bedroom home.
Ray White’s Adrian Prestileo said he was surprised when the opening bid came in at $10,000 above the $550,000 reserve.
RELATED: Melb auction crown lost to Sydney
Melbourne auction clearance rate hits 60 per cent despite RBA rate rise
Run-down Carlton North home sells $206,000 above reserve
Four bidders drove the action and a first-home buyer “really wanted it”, pushing hard from the first bid to the end to secure the 49 Ginger Cres residence.
She was buying with her partner, with the pair keen to make the step from renting in the Craigieburn area to owning a house.
Mr Prestileo described the “monster result” as a highlight on the weekend following the RBA’s decision to raise rates on Tuesday.
The home is only a few years old and won over multiple buyers.
“We had multiple properties sell $5000 or $10,000 below their reserve to get it done today, whereas this one was a stand out,” he said.
The interest rate rise was spurring some purchasers’ urgency to find a home, he noted.
“We have been dealing a lot with buyers that have been in the market for a while, and they know if they get reassessed they will get a lower capacity,” Mr Prestileo added.
Mr Carlton said he was excited for the future but sad to farewell the address after six years living there.
He said that he and his partner wouldn’t have sold if they weren’t looking for a bigger home to start a family.
The house’s zoned living areas, that put the kitchen, dining and entertainment spaces away from the bedrooms was a major floorplan bonus, as was the full laundry and side access to the rear yard.
The bathroom is positioned for natural light.
Along with a few friends, Mr Carlton installed a firepit and built-in seating in the backyard.
“Some of my favourite memories are just sitting around it and having a few drinks with my mates,” Mr Carlton said.
Other treasured memories of living in Mickleham’s Botanical estate include the area’s Christmas events and friendly community vibe.
He and his partner will now be calling Beveridge home.
Sign up to the Herald Sun Weekly Real Estate Update. Click here to get the latest Victorian property market news delivered direct to your inbox.
MORE: Australians push to ban floodway housing, two thirds reject premium hikes
AFL great Dustin Martin relists Abbotsford site for $4m-plus
Walhalla property featured in Liam Neeson thriller hits the market
Help us improve your reading experience
Got a minute? Your feedback will help us build a better experience for you.