{"id":763232,"date":"2026-06-27T07:14:14","date_gmt":"2026-06-27T07:14:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/763232\/"},"modified":"2026-06-27T07:14:14","modified_gmt":"2026-06-27T07:14:14","slug":"carlton-north-property-auction-victorian-terrace-sells-for-1-985-million-in-heated-bidding-war","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/763232\/","title":{"rendered":"Carlton North property auction: Victorian terrace sells for $1.985 million in heated bidding war"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" alt=\"Wes Mountain\" data-testid=\"author-avatar-image\" height=\"64\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/03\/62260e856e5deacf47c16645e58a88f9513fb355be454aa2a0088a6dfde3d44d.png\"  width=\"64\" class=\"sc-9a01536c-0 libeSR\"\/>Save<\/p>\n<p class=\"sc-d1b14060-4 JmUoF\">You have reached your maximum number of saved items.<\/p>\n<p>Remove items from your <a href=\"https:\/\/www.theage.com.au\/goodfood\/saved\" class=\"sc-3f16ee48-12 sc-d1b14060-2 jyLmZI iQLtAb\" rel=\"nofollow noopener\" target=\"_blank\">saved list<\/a> to add more.<\/p>\n<p>AAA<\/p>\n<p>A four-bedroom mid-century modern family home in Rosanna sold in post-auction negotiations for $1,415,000 on Saturday, after passing in below the bottom of the guide range.<\/p>\n<p>A deceased estate,<a class=\"inline-link\" href=\"https:\/\/www.domain.com.au\/25-millicent-street-rosanna-vic-3084-2020883180\" rel=\"noopener noreferrer nofollow\" target=\"_blank\"> 25 Millicent Street<\/a> features a landscaped front yard and rear pool over 959 square metres of land. It had a price guide of $1.4 million to $1.5 million. The property had the same owner since it was built in 1949.<\/p>\n<p>The owner\u2019s daughter, who did not give her name, said that when the family moved in, the house was barely built, with exposed joists between the only complete bedroom and the kitchen. It was originally one of just three on the street. At that time, milk and bread were delivered daily by horse and cart.<\/p>\n<p>Miles auctioneer Daniel Blythe opened with a vendor bid of $1,375,000, and offered another at $1,385,000 after a long pause.<\/p>\n<p>The first genuine bid was from a local family, for $1,390,000, countered by a $1000 rise from the only other active bidder.<\/p>\n<p><img decoding=\"async\" alt=\"The floor-to-ceiling windows provide light-filled rooms and a full view of the mature gardens, even on a gloomy Melbourne winter day.\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/06\/77a96cc90a90e03ceb3c448c9dad028c0e9a1189.jpeg\"  class=\"sc-d34e428-1 ldCIuB\"\/>The floor-to-ceiling windows provide light-filled rooms and a full view of the mature gardens, even on a gloomy Melbourne winter day.Miles Real Estate<\/p>\n<p>The home passed in after the family bid a final $1000, and sold in negotiations for its $1,415,000 reserve.<\/p>\n<p>\u201cIn the current climate, I was hesitant about who would and wouldn\u2019t put their hand up,\u201d Miles agent Emma Vivian said.<\/p>\n<p>\u201cBut we got it done in the end \u2026 we just have to <a class=\"inline-link\" href=\"https:\/\/www.theage.com.au\/property\/news\/why-the-auction-market-just-dropped-even-further-but-not-everywhere-20260518-p5zy0r.html\" rel=\"nofollow noopener\" target=\"_blank\">work a bit harder at the moment<\/a>.\u201d<\/p>\n<p><img decoding=\"async\" alt=\"The mid-century modern style continued throughout the property.\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/06\/ec889675b0c7f54701cd2aed9dec242e210b66bf.jpeg\"  class=\"sc-d34e428-1 ldCIuB\"\/>The mid-century modern style continued throughout the property.Miles Real Estate<\/p>\n<p>The property was one of 755 scheduled to go to auction in Melbourne this week.<\/p>\n<p>In Toorak, a three-bedroom Victorian sold for its $1.65 million reserve, as three bidders competed to get into the prestige suburb.<\/p>\n<p>The freestanding house at <a class=\"inline-link\" href=\"https:\/\/www.domain.com.au\/15-may-road-toorak-vic-3142-2020906837\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">15 May Road<\/a> had been the home of an elderly vendor who was moving into care, and was ready to be updated, RT Edgar agent Jeremy Fox said. It had a price guide of $1.5 million to $1.65 million.<\/p>\n<p>Auctioneer Lachie Fox opened with a vendor bid of $1.5 million, kicking off genuine bids at $10,000, $5000 and $1000 increments from three active bidders.<\/p>\n<p>Related Article<a href=\"https:\/\/www.theage.com.au\/property\/news\/the-melbourne-houses-selling-for-hundreds-of-thousands-of-dollars-less-20260624-p609qu.html\" tabindex=\"-1\" class=\"sc-cba76dee-0 hdiTqm\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" alt=\"The property featured a deck, complete with spa, overlooking Mount Eliza Regional Park.\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/06\/1782544453_113_55f476eb6cd44756e747c3d573e871dc303b1bc8.jpeg\"  class=\"sc-d34e428-1 ioInpc\"\/><\/a><\/p>\n<p>Fox declared the property on the market at $1.65 million, at which point bidding stalled and the house sold.<\/p>\n<p>Jeremy Fox thought the house\u2019s presence on the street and north-facing yard, \u201cwith original outdoor toilet and laneway access\u201d, were drawcards, but said Victorian homes in Toorak \u201calways have been in demand, and always will be in demand\u201d.<\/p>\n<p>A Victorian terrace in the heart of Carlton North sold for $1,985,000 at auction, almost half a million dollars over the advertised reserve.<\/p>\n<p>The modest two-bedroom home at <a class=\"inline-link\" href=\"https:\/\/www.domain.com.au\/513-canning-street-carlton-north-vic-3054-2020889066\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">513 Canning Street<\/a> sits on one of the inner north\u2019s key cycle paths, and features timber floors, a study and an open-plan kitchen and living room leading onto a west-facing courtyard.<\/p>\n<p>Nelson Alexander Carlton lead agent Sam Carbone said the property had been advertised with its $1.5 million reserve, rather than a guide, to be transparent with potential buyers, noting the tactic had generated a lot of interest across the agency\u2019s Melbourne offices. It was a deceased estate and last sold in 2002 for $610,000.<\/p>\n<p>Auctioneer Tom Roberts opened with a $1.45 million bid. Carbone said five active bidders quickly bid in increments that were \u201call over the place\u201d, from $10,000 down to $1000, and back up again.<\/p>\n<p>With a few failed attempts at \u201cknockout bids\u201d, the price cleared $1.9 million before a young buyer \u201cswept in after an underbidder had done all the work\u201d, Carbone said, to win the day.<\/p>\n<p><img decoding=\"async\" alt=\"The large paved courtyard at the rear of 513 Canning Street was a drawcard for bidders.\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/06\/316a8eb8497844840e15aca02bfe0da70b537c5d.jpeg\"  class=\"sc-d34e428-1 ldCIuB\"\/>The large paved courtyard at the rear of 513 Canning Street was a drawcard for bidders.Nelson Alexander<\/p>\n<p>\u201cHe threw the kitchen sink at this one,\u201d he said.<\/p>\n<p>Carbone thought <a class=\"inline-link\" href=\"https:\/\/www.theage.com.au\/property\/news\/the-type-of-home-that-is-getting-hit-harder-as-house-values-fall-20260609-p6058i.html\" rel=\"nofollow noopener\" target=\"_blank\">the market in general<\/a>, especially over the past three to four weeks, <a class=\"inline-link\" href=\"https:\/\/www.theage.com.au\/property\/news\/suburbs-where-home-owners-are-selling-their-properties-at-a-loss-20260624-p609j8.html\" rel=\"nofollow noopener\" target=\"_blank\">had been the worst he had seen<\/a> since he started as an agent in 1989.<\/p>\n<p>\u201cIt\u2019s panic mode out there,\u201d he said. \u201cBut this particular property was one out of the box.\u201d<\/p>\n<p>In West Footscray, an Edwardian on a large corner block passed in without a bid, failing to sell under the hammer.<\/p>\n<p>The two-bedroom house at <a class=\"inline-link\" href=\"https:\/\/www.domain.com.au\/2b-buxton-street-west-footscray-vic-3012-2020882162\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">2B Buxton Street<\/a> is on 453 square metres. It has a separate garage, large front yard and an interior described as \u201ctimeworn\u201d on the listing. It had a price guide of $900,000 to $990,000, and a reserve of $990,000.<\/p>\n<p>Frank Dowling agent and auctioneer Joel Campbell said he\u2019d had interest from a couple of families who were keen to renovate, and was optimistic about a result early next week.<\/p>\n<p>\u201cIt will be up for sale again today for $990,000,\u201d he said, this time under private treaty.<\/p>\n<p>\u201cIt\u2019s definitely <a class=\"inline-link\" href=\"https:\/\/www.theage.com.au\/property\/news\/the-melbourne-houses-selling-for-hundreds-of-thousands-of-dollars-less-20260624-p609qu.html\" rel=\"nofollow noopener\" target=\"_blank\">a buyer\u2019s market<\/a>,\u201d he said, while noting he had sold another home due to go to auction this weekend midway through the campaign.<\/p>\n<p>\u201cThere are buyers out there; it\u2019s just slowed &#8230; You\u2019ve got to do the work.\u201d<\/p>\n<\/p>\n<p>Save<\/p>\n<p class=\"sc-d1b14060-4 JmUoF\">You have reached your maximum number of saved items.<\/p>\n<p>Remove items from your <a href=\"https:\/\/www.theage.com.au\/goodfood\/saved\" class=\"sc-3f16ee48-12 sc-d1b14060-2 jyLmZI iQLtAb\" rel=\"nofollow noopener\" target=\"_blank\">saved list<\/a> to add more.<\/p>\n<p>From our partners<\/p>\n","protected":false},"excerpt":{"rendered":"Save You have reached your maximum number of saved items. Remove items from your saved list to add&hellip;\n","protected":false},"author":2,"featured_media":763233,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,99],"class_list":["post-763232","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-au","tag-australia","tag-business"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/763232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=763232"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/763232\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/763233"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=763232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=763232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=763232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}