Business & Finance

Maidstone Home Sold for A$960,000 After 40 Years, Buyers Promise to Preserve Structure

By TOI World Desk

A Melbourne couple who had lived in their four‑bedroom house on 26 Marsh Street, Maidstone, for more than four decades sold the property at auction for A$960,000 on Saturday, October 24, 2026. The house, which the couple purchased after arriving from Lebanon in 1982, had become the centre of their family life, where they raised four children. The sale price was A$50,000 above the published reserve of A$910,000. The buyers, who had intended to live in the existing home, promised not to demolish it. The sellers, who were planning to move to a low‑maintenance property in Taylors Lakes, were moved to tears when the buyers confirmed their intention to keep the house standing. Auctioneer Ryan Currie of Nelson Alexander reported that the couple’s two children attended the auction. Several developers had inspected the 586‑square‑metre block during the sales campaign, but none attended the auction. The buyers’ decision to preserve the house, rather than demolish it for redevelopment, was significant to the sellers, who had long feared the building might be torn down. The sale marks the end of the couple’s long chapter in Melbourne, but the home will remain part of the neighbourhood as a family residence for its new owners.