Auction Coverage & Property Market News

It fetched two offers prior to auction, with interest from downsizers, investors and young couples, but the winning bidder was a man buying on behalf of his daughter.

The three-bedroom house was offered in original condition with scope to renovate and the new owners will look to demolish it and build their dream home on the site.

Three bidders fought it out for the sprawling estate, known as Buxton, which consists of a five-bedroom main residence and separate two-bedroom cottage.

Melbourne's preliminary auction clearance rate bounced above 70 per cent as pent-up demand pushed the auction market forward.

The two waterfront homes were owned by different members of the same family - one for more than 80 years - before selling under the hammer on the weekend.

First-home buyers were out in force at auction on Saturday, with one spending $100,000 above reserve to secure this unit with a stunning outdoor living space.

Six parties fought it out, including first-home buyers, an investor hoping to flip the property, and upsizers, as buyers rush to get into the market before Christmas.

While up to 10 people are allowed to attend on-site auctions in Melbourne, many agents found themselves continuing to sell online due to high buyer interest.

The home in Bondi Junction was described as being "a touch like a museum" in its advertising campaign.

Two bidders fought it out but the price fell short of vendor hopes at auction and the home passed in. Less than an hour later, one party managed to nab the keys.