Melbourne’s auction clearance rate has edged below the key 60 per cent threshold in further evidence that property prices are starting to fall. propertyprices realestate
Bidders kept their cards close to their chest during the auction.The fixer-upper, which was being sold as part of a deceased estate, will now be listed for private sale.
Amarant said he was surprised at the result, but the property was so unique it was hard to put an exact price on. A neat three-bedroom Victorian terrace at 106 Charles Street, Fitzroy, in need of renovation found a buyer, after first passing in on a $1.31 million bid. “While the auction drew a reasonable crowd, there were a few people who didn’t get their hands up, resulting in an opening vendor bid at $1.3 million,” Depierre said.The home had been owned by the vendors for 41 years. Depierre said it was their family home after they were first married, before it was rented out.
“For this particular property, all the bidders had already sold and had to buy, so there was definitely extra pressure on them,” Wegener said.sold under the hammer for $1.301 million, the middle of its $1.25 million to $1.35 million price range. The winners wanted a city base where their children could attend university without needing a long commute, and where they could base themselves, while the underbidders were from Sydney.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How two men challenged two words and changed AustraliaAs a young reporter, I saw a listing for a case at the High Court of Australia. Few Australians then knew the name Eddie Mabo but I sensed this case may change Australia, says Stan Grant in this extract from his 2022 Mabo Lecture.
Read more »
England v New Zealand: first Test, day two – live!Over-by-over report: How will the second day of the first Test unfold at Lord’s? Join our writers to find out
Read more »
Two people killed in western Sydney house fireAn elderly couple has died in a house fire in Sydney's west this morning. SophieUpcroft has the details. 9News Read more:
Read more »
Man fatally shoots two women outside Iowa church, police sayThe sheriff's office hasn't revealed the identify of those killed or give details about what led to the shooting. 9News
Read more »
‘I was terrified’: The two mates who bit the bullet and created a gin companyCameron Mackenzie and Stuart Gregor were thrown together by chance two decades ago and are now connected by work, family and a shared appreciation for kilts. | GoodWeekendMag
Read more »
Two brothers, one diagnosis and a family's mission to raise awarenessArchie and Jensen Kynaston, along with their family, are championing awareness of a rare muscle disease.
Read more »