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flag Melbourne homes sell above reserve in competitive auctions, with market stability despite low buyer urgency.

flag A converted Seddon mechanic’s shop with a seven-metre ceiling sold for $965,000, $165,000 above reserve, attracting over 100 bidders in a 24-day campaign. flag In Richmond, a 1940s home on a former racecourse site fetched $1.31 million amid competitive bidding, while a Fawkner family home sold for $1,002,000, $122,000 over reserve. flag Melbourne’s auction clearance rate was 65.6% across 1,080 results, with 129 withdrawals. flag Market experts cite stability, with first-home buyers using government incentives, but low urgency persists due to unchanged interest rates.

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