A young couple who purchased $1.5 million for a terrace in a fashionable Melbourne neighbourhood has been ridiculed online for “impulse purchasing.”
At an auction on Saturday, Darcy and Tessa won the house at 110 Barkly Street in East Brunswick by outbidding the competition by a pitiful $500.
The terrace was put up for auction with a $1.3 million to $1.43 million price range. The dead estate cost the couple $1,500,500.
To be very honest, Tessa told Domain, “We weren’t actually searching; we were simply browsing casually and this one showed up.”
There are some worries about how house prices are changing, but this one particularly stuck out to us, and it turned out we nailed it, Darcy said.
Reddit users made fun of the pair for being “entitled” since they made a “impulsive” $1.5 million purchase after their tale went viral.
We’ve all been there, after all, right? You’re just walking down the street to buy coffee or whatever when you come across an auction. Damn it! You have $1.5 million burning a hole in your pocket.
Another person said, “I suppose I don’t feel so guilty about impulsively grabbing a Snickers at the Coles checkout anymore.”
‘Joke’s on them, be at least $500,000 less in roughly six months,’ an another Reddit member said.
The couple had visited the terrace several times for inspections, according to the auctioneer who sold the home, who said that the reaction on social media was “quite severe.”
They were probably always going to get it, in my view. Stefan Stella from Ray White said to News LTD that the underbidder had just recently become aware of it.
“I guess what they may have meant was they weren’t seeking aggressively and religiously out there every Saturday; that’s maybe the message they were trying to get across,” said the speaker.
On barely 271 square metres, it has three bedrooms, one bathroom, and a parking spot.
It is in a wonderful location, only a block from Brunswick Street and the hipster pubs and cafés in the neighbourhood, and it has an original fireplace.
In order to transfer the expenses of interest rate increases “on to the rental market,” Darcy and Tessa said that they preferred to rent the home rather than live there.