Inner west home sells for $300k under reserve in ‘cautious’ market
The landmark property had lots of interest, but as a crowd gathered in the backyard complete with soccer posts, the result was not as strong as the vendors had hoped.
A significant property in the inner west region recently sold for $300,000 less than its reserve price. Despite considerable interest and a gathering crowd at the auction, the final sale figure fell short of the vendors' expectations. The outcome reflects a broader trend of caution within the current real estate market.
This sale highlights a potentially cooling housing market where even properties with high interest may not meet vendor price expectations.
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