Michael Amarant News Today

The couple, who competed against a young family, bought the property in post-auction negotiations by offering an extra $50,000.

Auction clearance rates have risen for three months in a row, new data shows, as buyers and vendors become more willing to do a deal in the market downturn.

Auction clearance rates have risen for three months in a row, new data shows, as buyers and vendors become more willing to do a deal in the market downturn.

Auction clearance rates have risen for three months in a row, new data shows, as buyers and vendors become more willing to do a deal in the market downturn.

Two bidders tentatively raised their hands but would not go above $1.23 million, and the agent said the higher cost of building is hitting buyers that would normally jump at the chance to renovate or rebuild.

A 1920s warehouse has been transformed into a spectacular family home close to the heart of Melbourne The three bedroom in Collingwood, 3km north-east of the CBD, has a sparkling plunge pool on the roof Features include polished concrete floors, high ceilings and a large open plan living space flooded with light The house, which last sold for $345,000 in 2001, is on the market with a guide price of $2.6m-$2.8m (AUD)