![23 Wyperfeld Ave, Craigieburn - for herald sun real estate.jpg](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1280 720"%3E%3C/svg%3E)
The house at 23 Wyperfeld Ave, Craigieburn, attracted nine bidders on Saturday.
Nine bidders, including multiple investors racing to beat a fast-approaching Australian government deadline for Self-Managed Super Funds, competed for a Craigieburn house yesterday.
Ray White’s Trish Orrico said the three-bedroom home with a $650,000-$680,000 range soared “way above the reserve” to sell for $792,000.
The sale was one of 299 early results which saw Victoria post a preliminary 55.5 per cent clearance rate on Saturday, according to realestate.com.au.
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Ms Orrico said that most of the investors, some based in NSW, Western Australia and Queensland, wanted to secure the 23 Wyperfeld Ave home for their SMSF before August 10.
That date is the cut-off for entering into new limited recourse borrowing arrangements to buy an investment property for an SMSF.
Prime Minister Anthony Albanese’s government agreed to the law amendment in a deal with the Greens, to push through the changes to negative gearing and capital gains tax announced in May’s federal budget.
Ms Orrico described having nine bidders as “extremely out of the ordinary” in the current market, with the last auction she saw that many bidders occurring in 2025.
“I think there’s an extra push to get in before August 10 and that’s creating a bit of desperation,” she said.
The agent and auctioneer said the home’s proximity to schools and shops was also a highlight for buyers, Ms Orrico noted.
At 3 Wyperfeld Ave, Craigieburn, the kitchen looks out to the an open plan meals area.
Ray White’s Trish Orrico says although she recently had six bidders contest an auction in July, she hasn’t seen nine bidders do so since 2025.
Jellis Craig managing director Nathan Waterson said that his agency was seeing a big rush on investors wanting to buy a property for their SMSF, with four Melbourne apartments being snapped up for this reason in the past week.
“I know a number of discussions have been had with various buyers looking to make offers and not wait until the last minute,” Mr Waterson added.
“I think it’s also driven by the fact there’s not a lot of stock on the market, it’s going to be a quiet spring.”
Mr Waterson said that across Melbourne, Jellis Craig agencies saw a 68 per cent clearance rate from about 40 or so auctions this week.
Prime Minister Anthony Albanese’s government delivered negative gearing and capital gains in the May budget. Picture: Sam Ruttyn.
304C Warrigal Rd, Cheltenham sold for $675,000 under the hammer on the weekend.
A Ray White report released last week showed that investors made up 17.7 per cent of auction buyers in Victoria, across the nine weeks before the federal government released its budget on May 12.
Investor numbers fell from 124 to 100 across the time frame, but owner-occupier numbers also declined.
In May and June, investors dropped to around 16 per cent of purchasers at the state’s auctions, before hitting a 19.4 per cent share in the four weeks to July 25.
The Cheltenham home’s kitchen has pantry storage, a Bosch dishwasher and a Chef gas cooktop, oven and grill.
On Saturday, a two-bedroom unit at 304C Warrigal Rd, Cheltenham, transacted for $675,000 after being listed with a $600,000-$660,000 range.
Ray White Bayside‘s Angela Limanis said that out of two bidders, the home sold to a young couple.
One of the buyers, Carol, said that she and her partner had inspected more than 35 properties while looking for a place to call their own,
“This was going to be our last house hunting weekend for a while because I was so drained, so I am definitely feeling relieved and happy,” she said.
There’s 684 auctions slated across Victoria next week.
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