Inner-city terrace sells for $1,255,000 after passing in on a single bid
The well-located corner block property sold in post-auction negotiations on Saturday for its reserve, as buyer confidence wanes. The vendor will stay in the suburb.
A terrace property in a desirable inner-city location has been sold for $1,255,000. The sale occurred after the property failed to attract any bids during the auction, leading to post-auction negotiations. The final sale price matched the vendor's reserve amount, indicating a cautious market sentiment.
The vendor has plans to remain in the same suburb following the sale of the corner block property.
This sale highlights current buyer confidence levels in the inner-city property market, with properties selling at reserve price only after failing to generate initial auction interest.
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