Sydney auctions: Buyers out west pay ‘crazy’ $580,000 above reserve for knock down

A crowd of more than 100 people, including 19 bidders, descended on the auction for a house in Ermington with development potential and the stiff competition pushed the price $580,000 over reserve.

It was the first time the property on Gregory St was up for sale in about 70 years and the $2.38…