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Melbourne auction clearance rate bounces back but 30 http://www.independent.ie/business/personal-finance/property-mortgages/revealed-how-many-secured-approval-for-mortgage-but-couldnt-find-a-home-to-buy-35995718.html per cent of results unreported 124 Victoria Street, Fitzroy, sold for $2,478,000 on Saturday. Melbourne auction clearance rate bounces back but 30 per cent of results unreported House-hunters are increasingly “wedging” Melbourne’s inner suburban real estate market by targeting a small number of quality homes while ignoring comparable properties, real estate agents say. The weekend auction market saw above-market prices paid for some well-located homes but comparable, if slightly inferior properties tended to underperform. The trend to highly divisive auction results for similar properties was demonstrated by two auctions in Fitzroy held an hour apart on Saturday. 80 Gore Street, Fitzroy, passed in at auction on the weekend. At one sale, four buyers fought hard for an unusually wide terrace house at 124 Victoria Street . Quoted by Nelson Alexander at $1.85 million to $2 million, the three-bedroom corner property, which has a renovated rear stables as a separate retreat, instantly attracted a $1.85 million offer from a buyers’ advocate representing a local family. The price rocketed to an on-the-market $2,040,000 and kept going until the house was sold to the advocate for $2,478,000. The auctioneer of this property, Arch Staver, also auctioned a Victorian balcony terrace with a basement apartment at 80 Gore Street. 2A Albion St, South Yarra, sold for $1.4 million on Saturday.
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