Inner-west two bedder sells for $915,000 after auction pass-in
A two-bedroom house in Seddon, Melbourne, sold for $915,000 after being passed in at auction. The sale price was $5,000 below the reserve price of $920,000, following negotiations with a single bidder. This reflects current trends in the property market, where first home buyers are showing reduced interest due to economic factors.
- ▪The property was sold after being passed in at auction with only one bidder present.
- ▪The house was initially guided between $890,000 and $950,000.
- ▪The vendor, an investor, accepted a price lower than the reserve due to market conditions.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.