![\"Caroline](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/03\/7e46122dc6bd4f4bb58681d2545b4610859a141a18b765705a0feabcefe15fb5.png\")
Save<\/p>\nSave<\/p>\n
You have reached your maximum number of saved items.<\/p>\n
Remove items from your saved list<\/a> to add more.<\/p>\n AAA<\/p>\n An updated \u201970s retro villa unit in Footscray with original fittings passed in without a bid at auction on Saturday, despite having five registered bidders.<\/p>\n Sitting on 210 square metres of land, the two-bedroom unit at 6\/63 Everard Street<\/a>, in Melbourne\u2019s inner west, features freshly painted walls and new carpets interspersed with retro accents such as an internal brick wall and textured ceilings. It had a price guide of $650,000 to $710,000.<\/p>\n The property was one of 573 scheduled to go to auction in Melbourne this week.<\/p>\n Jas Stephens Real Estate agent and auctioneer Jade Mobbs began proceedings with a vendor bid of $650,000, to which she received no counter-bids.<\/p>\n \u201cYou need to put your hand up to negotiate with the vendor inside,\u201d she called out, working hard to invigorate the small crowd, who shivered on the cold, sunny Melbourne morning.<\/p>\n After calling a second vendor bid of $675,000 \u2013 \u201cthe vendor is looking for another $25,000 on top\u201d \u2013 Mobbs passed in the property. She said a bidder had offered $680,000 after the auction, but it was not accepted.<\/p>\n The new price for the unit is set at $710,000, which was also its reserve. Mobbs said she expected to have the sale wrapped up by Sunday.<\/p>\n \u201cI\u2019ve had great numbers through the property \u2013 I think I\u2019ve had about 43 groups in 3\u00bd weeks, 17 contract requests. So for it to pass in, it\u2019s a little surprising,\u201d she said.<\/p>\n An interested buyer, a man, who had the \u201ccontract reviewed and done his due diligence\u201d, turned up at the auction but didn\u2019t bid, she added.<\/p>\n Mobbs said that while there were still plenty of buyers out there, especially in the first home buyer market, \u201cI\u2019m hearing people want to wait a little bit longer because they feel prices might drop\u201d.<\/p>\n Related Article \u201cBut as a brand, we\u2019ve been selling well \u2013 we\u2019ve sort of been around that 60 per cent to 70 per cent [clearance rate] mark week on week,\u201d she said.<\/p>\n In Melbourne\u2019s mid-south-east, a three-bedroom unit passed in at $940,000 at auction, $80,000 below reserve. But agents were hopeful it would sell over the weekend.<\/p>\n The home at 2\/12 Gilmour Road, Bentleigh, listed with a price guide of $950,000 to $1,000,000, had been freshly renovated and landscaped by its investor vendor, said Ben Quigley, Woodards Carnegie and Bentleigh lead agent and auctioneer.<\/p>\n \u201cA lot of work has been done to the property in presenting it to the market by the vendors \u2013 they\u2019ve done a great job,\u201d he said. \u201cAnd bottom line, being on 341 square meters of land, it really represents very good value.\u201d<\/a><\/p>\n The auction kicked off with a genuine bid of $930,000 from a single bidder, a professional woman, which Quigley countered with a vendor\u2019s bid of $940,000.<\/p>\n \u201cWe passed in to the buyer who offered $930,000, and they went to $960,000 in post-auction negotiations,\u201d he said.<\/p>\n Related Article However, with the reserve set at $1,020,000, \u201cthat wasn\u2019t going to put a deal together\u201d.<\/p>\n \u201cBut there\u2019s been a couple of calls, so hopefully something might eventuate over the weekend,\u201d Quigley said.<\/p>\n There is no legal requirement for a vendor\u2019s reserve to be in line with their property\u2019s price guide.<\/p>\n Women comprised the bulk of interested buyers, with some first home buyers and downsizers also in the mix, Quigley said.<\/p>\n He thinks buyers are being careful and watching for further price falls<\/a>, but cautions that if they wait too long, they may miss their chance.<\/p>\n \u201cYou\u2019ve got to find it, pick it at the right time \u2026 because when it bounces, it\u2019ll bounce so quick,\u201d he said. Vendors are being realistic, he added.<\/p>\n In St Kilda East, in the inner south-east, a spacious unit sold for $625,000 to a first-home buyer after a rapid-fire auction.<\/p>\n![\"The](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/07\/51ecc9e8e3dbed9de390fa276a6a17c8d4ad0928.jpeg\")
The Footscray unit passed in without a bid despite lots of interest from buyers. Simon Schluter <\/p>\n![\"The](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/07\/44dba2a9658ebf79c3a1f8afdb2b58ba41b4a5a7.jpeg\")
The unit features retro accents such as a textured ceiling and a brown brick feature wall. Simon Schluter <\/p>\n![\"Auction](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/07\/86a4c339150f44ea9bda01957028478ee6357655.jpeg\")
<\/a><\/p>\n![\"Kistian](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/06\/1782718750_344_eb13ef6ba51d0829caf21ca932479d1a81c875bb.jpeg\")
<\/a><\/p>\n![\"The](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/07\/dc41a4babf29b549087999faff6fb471f91d2f1c.jpeg\")
The three-bedroom Bentleigh unit passed in at Saturday\u2019s auction. Domain<\/p>\n