Updated May 30, 2026 — 4:19pm , first published 1:30pm A young couple with a baby bought their first home in Bexley on Saturday, paying $1.05 million at auction. All three registered bidders for the auction of the two-bedroom garden villa at 4/37 Verdun Street took part, though five buyers had been expected beforehand. All were first homebuyers, and the winning couple used the services of a buyer’s agent. Bidding began at $899,000, with increments of $15,000 and $16,000 that slowed to $5000 and $6000. When the action stalled at $1,029,000, auctioneer Clarence White took instructions from the vendor. The leading bidder was invited to increase their bid to $1.05 million and the property sold. The auction of Verdun Street on Saturday morning. James Brickwood The property had a guide of $950,000 and a reserve of $1.1 million. There is no legal requirement for a vendor’s reserve to be in line with their property’s price guide. White described market conditions right now as “reasonably tough”.…