Dustin Martin has come near doubling what he paid for his Albert Park first house.
Just lately retired Richmond soccer nice Dustin Martin has offered his first house in an after-the-siren public sale outcome locked in shortly after it handed in.
The Albert Park property attracted bidding as much as $1.76m earlier than passing in, and is known to have offered for about $1.8m after additional negotiation with considered one of two bidders that competed for the house.
The result’s a win for the three-time Premiership participant’s post-footy life, successfully locking within the high of the house’s $1.7m-$1.8m worth vary.
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Ex-Richmond Tigers nice, Brownlow Medallist Dustin Martin lists Albert Park first house
Martin, who collected a Brownlow and three Norm Smith medals, has come near doubling his cash after placing the Victorian terrace in Albert Park below the hammer about 12 years after he paid $993,000 for it.
A helpful windfall for his retirement from AFL.
He lived within the house for plenty of years, earlier than tenanting it as an funding property.
Nick Johnstone Actual Property auctioneer Nick Johnstone obtained restricted response for the 43 Kerferd Rd property as he commenced the public sale, with the primary supply a $1.7m vendor bid.
About 10 minutes of cajoling later a younger household put an additional $10,000 on the sum, and a second bidder countered with the identical.
It was the second celebration that went on to win the bidding battle, with a $1.76m bid on which the house handed in.
Mr Johnstone stated the outcome was a great signal for the market that had raised his confidence 2025 could be a greater yr for Melbourne house sellers.
![Dustin Martin's first home to be auctioned](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1280 720"%3E%3C/svg%3E)
Auctioneer Nick Johnstone calls the sale of Dustin Martin’s first house. Image: Josie Hayden.
A modernised kitchen helped lure in events forward of the public sale.
“It’s a gradual outcome, and hindsight will inform us it was an excellent purchase,” Mr Johnstone stated.
“It’s a terrific avenue, proper within the motion and there are houses a couple of doorways up which can be price $4m-plus.
“And I feel up to now few weeks now we have had some fairly sturdy outcomes, which is an efficient signal for the market and I’m now fairly bullish about subsequent yr. I feel everybody will come again with renewed enthusiasm.”
Put up-auction negotiations appeared to contain Martin’s long-time supervisor Ralph Carr, seen close by through the public sale.
It’s understood Dusty is presently in New Zealand.
The outcome comes because the champion participant appears to kick off his retirement from on-field play with thousands and thousands in actual property gross sales, together with a collection of business properties, additionally involving Mr Carr.
Dusty retired on the finish of the 2024 AFL season after 302 video games with the Richmond Soccer Membership.
Dusty may also be hoping for a robust outcome subsequent week as a industrial property he is a component proprietor of concludes an expressions of curiosity marketing campaign.
It’s anticipated the 401-407 Victoria St, Abbotsford, property may make greater than $9m.
The charming Victorian cottage has a block-fronted facade.
The again yard provides a personal house for some contemporary air.
A syndicate that additionally included Martin’s supervisor Ralph Carr purchased the properties over plenty of years for a mixed $4.7m earlier than combining them.
One other industrial property that Martin is linked with at 367 Victoria St might be offered subsequent yr by Paul Jones Actual Property, which can be dealing with the sale of No. 401-407.
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