Melbourne townhouse passes in as Sydney art‑deco apartment sells above reserve

In Melbourne, a mid‑century two‑bedroom townhouse in Elsternwick was passed in at $950,000 after only two vendor bids, leaving the sale $125,000 below the low end of its guide range. Barry Plant agent Stan Michael said the market is tough and urged vendors to heed agents’ advice.

In Sydney, a one‑bedroom art‑deco apartment in Potts Point sold for $922,500 at auction, topping its $900,000 reserve. The winning buyer, an older investor, outbid a first‑home buyer who had offered $880,000 earlier in the week. Ray White agent Renee Cross noted the buyer’s missed opportunity and warned that buyers who hold back may continue to lose out in the current market.