Sam Rigopoulos News Today

Melbourne’s auction market had a rollercoaster year in 2023 due to interest rate rises, but buyers continued to bid, despite the challenges.

Melbourne’s auction market had a rollercoaster year in 2023 due to interest rate rises, but buyers continued to bid, despite the challenges.

The three-bedroom home passed in on a vendor bid of $1.7 million, with several buyers approaching after to make an offer.

The buyer outbid seven others on the 1940s four-bedroom house, which blew past its reserve at auction.

The buyer outbid seven others on the 1940s four-bedroom house, which blew past its reserve at auction.

A dad acting on behalf of his overseas son made the winning bid on the two-bedroom home. The result was more than double the property’s 2012 sale price.

The home, located on Brighton’s Golden Mile, sold to locals. It was one of 786 scheduled auctions today.

No-one wanted to make the first move, but then two parties made a rapid-fire string of bold bids in a tough contest for the move-in ready home.

The three-bedroom Edwardian passed in on a bid of $1.3 million before selling, on what was a busy auction day in Melbourne after the quiet long weekend.

The two-bedroom home failed to get a single bid from onlookers, with interested first home buyers concerned about the state of the market.