The house sold well above its $1.7 million to $1.76 million guide, and was one of just 86 Melbourne properties scheduled to go under the hammer on grand final day.
The level of discounting equates to a $62,000 reduction for the city’s typical house, but one type of home is more likely to sell for a song than the others.
Agents said the once-frenzied property market has slowed and buyers are shifting from FOMO (fear of missing out) to FOOP (fear of over-paying) at auctions.
Agents said the once-frenzied property market has slowed and buyers are shifting from FOMO (fear of missing out) to FOOP (fear of over-paying) at auctions.
Agents said the once-frenzied property market has slowed and buyers are shifting from FOMO (fear of missing out) to FOOP (fear of over-paying) at auctions.