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Northcote home sells for $3.5 million at auction amid low Melbourne clearance rates.
A Northcote Federation home passed in at auction at the original purchase price of $3.5 million despite a guide of $3.5 million to $3.8 million, leaving it unsold after two bidders hesitated.
Meanwhile, a Mulgrave home sold for $951,000.
Melbourne’s auction clearance rate was 56% as experts cite low stock, economic uncertainty, and rising interest rates as reasons for cautious behavior.
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La casa de Northcote se vende por $3.5 millones en una subasta en medio de bajas tasas de liquidación en Melbourne.