Auctioneer and agent Alistair Macmillan works the crowd to try and secure a sale. Photo: Mark Cranitch.Mr Macmillan said the sellers were interstate and found it too hard to buy in Melbourne in 2008.Their solution was to instead get a piece of Brisbane, and take advantage of the equity gain when the time was ripe.One potential buyer, Sydney Milton, was hoping to become a first-time homeowner in the area.More from newsMould, age, not enough to stop 17 bidders fighting for this home5 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor5 hours agoHe’s looking for an entry level holding that’s north of the river and close to the CBD, but they’re not easy to find.“It is hard work. I’ve done a lot of research and there’s just not much around so you’ve got to be patient,” Mr Milton said. Tough negotiation skills were on display at the auction of 28 Grove St, Albion today. Photo: Mark Cranitch.It’s been advertised as a magnificent opportunity in an inner-city suburb, but all parties stood their ground at today’s auction of 28 Grove St, Albion.The house has all the makings of a great entry-level prospect in a blue-chip position.It’s a 405 square metre lot improved with a mid-set, timber-and-tin workers cottage — a classic design for the suburb. The home is comfortable enough to live in straight away, but there’s heaps of opportunity to renovate and gain more equity.Before the event, agent and auctioneer Alistair Macmillan of Ray White Wilston was excited by the interest.“We had over 70 inspections of the property in four weeks,” he said.“If you’re a buyer and you want to get close to the city in a house on a block of land sub-$850,000, they’re few and far between.” The audience is raring to go at 28 Grove St, Albion. Photo: Mark Cranitch.The crowd of approximately 30 filled the front yard with nine registered bidders all ready to go.An opening offer of $500,000 wasn’t going to last long and with bids at $50,000 increments, it only took a moment for three very active parties to reach the $750,000 mark.Things started to slow and once the price reached $800,000, Mr Macmillan was on the phone to the out-of-town owner to seek instructions.A bit of to-and-fro ensued and the auction was reopened with highest bidder, Patrick Daniels, raising his offer to $805,000.It still wasn’t enough and the home was declared ‘passed in’.Mr Daniels said he’s keen on the area at the right price, although house hunting isn’t his favourite was to spend his days off.“A bit painful to be honest. Giving up your weekends to come and do this isn’t my idea of fun.”Mr Daniels said if he did eventually buy the home, he’d happily live in it while considering options for adding value in the future.As at the time of publication, the property has been relisted on realestate.com.au for $839,000.