![\"Wes](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/03\/62260e856e5deacf47c16645e58a88f9513fb355be454aa2a0088a6dfde3d44d.png\")
<\/p>\n<\/p>\n
Updated August 1, 2026 \u2014 4:51pm,first published 1:50pm<\/p>\n
Save<\/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 A two-bedroom terrace which the selling agent said was in \u201cone of the quietest streets in Fitzroy North\u201d sold for $1,602,500 in post-auction negotiations on Saturday, after passing in on a lone genuine bid.<\/a><\/p>\n The Hawthorn brick Victorian at 22 Kneen Street<\/a> is close to Rushall station, Edinburgh Gardens and Merri Creek, with easy access to both Clifton Hill and St Georges Road shops on the Capital City Trail bike path.<\/p>\n Featuring hardwood floors, a vintage tiled bathroom, rear right-of-way access, and a stained-glass bay-windowed dining room looking onto a quiet paved rear courtyard, the property had a price guide of $1.55 million to $1.65 million, and a reserve of $1.63 million.<\/p>\n Nelson Alexander Fitzroy agent and auctioneer Luke Chisholm opened the auction with a $1.55 million vendor bid, after a long period of silence. He told the crowd that he had a four-day-old newborn at home, joking that after longing for quiet all week he wasn\u2019t happy to find it at his Saturday morning auction.<\/p>\n Related Article \u201cI guess there\u2019s no sympathy for a new dad,\u201d he quipped, as bidders continued to hold back.<\/p>\n Sympathy was soon offered, as a young couple raised their hands to make the first and final genuine bid, pushing the price to $1,555,000. After some deliberations, the property passed in and sold quickly to the young couple in post-auction negotiations for $1,602,500 \u2013 almost $30,000 below the reserve.<\/p>\n Chisholm said the vendors were \u201cmotivated to sell\u201d, and happy to make a deal \u2013 \u201clike most people who are selling at the moment\u201d.<\/p>\n \u201cThere was a lot of interest here,\u201d he said of the result. \u201cJust a lack of confidence.<\/p>\n \u201cI think it demonstrates that a buyer who can make a decision on their own two feet, without social validation, does well in this market.\u201d<\/p>\n He said he was seeing fewer homes than normal getting ready for sale in the coming months, and thought several parties he had expected to bid would \u201clook back and rue not having a crack\u201d.<\/p>\n \u201cIt just doesn\u2019t feel like a traditional spring market is around the corner,\u201d he said.<\/p>\n In South Yarra, an updated all-white Victorian terrace, directly across from Prahran Market, sold for $1.53 million in post-auction negotiations, $20,000 below its reserve.<\/p>\n The three-bedroom, north-facing home at 5 Barry Street<\/a> features tiled and hardwood floors, and a long linear kitchen in a light-filled entertaining and dining area that opens onto a paved rear courtyard.<\/p>\n It had a price guide of $1.5 million to $1.65 million, and a reserve of $1.55 million. The property was one of 533 scheduled to go to auction in Melbourne this week.<\/p>\n RT Edgar Stonnington agent and auctioneer Michael Ebeling said the auction opened on a vendor bid of $1.5 million. A lone bidder offered a single genuine bid of $1.52 million, and the property was passed in, but sold soon afterward.<\/p>\n \u201cThe vendor said, \u2018Look, we\u2019re happy to meet the market, we want to move on\u2019,\u201d Ebeling said. \u201cSo everyone\u2019s happy.\u201d<\/p>\n The vendor\u2019s parents had owned the property since 1978 and had since died, which meant the owner was happy for it to be sold to the new owners \u2013 a young couple. <\/p>\n Ebeling said the buyers had done well, and noted that if the property sold last year the price was likely to have been 10 per cent higher<\/a>. Federal government changes to negative gearing rules for established properties, in particular, had meant the house was selling in a softer market, Ebeling said.<\/p>\n In Richmond, a weatherboard Victorian on a tree-lined street sold for $1,018,500 after auction to its sole bidder, who negotiated about $80,000 down from its $1.1 million reserve.<\/p>\n The two-bedroom, long and thin home at 91 Somerset Street<\/a> features a large rear courtyard, garage and patio, and had a price guide of $1 million to $1.1 million.<\/p>\n BigginScott agent and auctioneer Andrew Crotty said he had expected three bidders on Saturday, but one failed to show and another couple didn\u2019t put their hands up<\/a> as they anticipated another auction later in the day.<\/p>\n The bidding opened at $1 million and stayed there, passing in to the sole bidder.<\/p>\n Crotty said the vendors were happy to negotiate, and \u201cmet the market\u201d, after holding the property as an investment for \u201cmany years\u201d. The buyers, a young couple, were \u201cvery happy\u201d to be moving in, Crotty said.<\/p>\n Despite the negotiated result, he said, \u201cthings are still moving\u201d in the current market. He said BigginScott Richmond made 35 sales in July, matching the results for this time last year.<\/p>\n Save<\/p>\n You have reached your maximum number of saved items.<\/p>\n![\"There](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/08\/f5cb999d717d3a07122ba269887e01d0d9f2884d.jpeg\")
<\/a><\/p>\n![\"Auctioneer](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/08\/ec22645cf4246cd2603314788d77050e3caa1172.jpeg\")
Auctioneer Luke Chisholm tried to coax a quiet crowd into \u201chaving a crack\u201d before the house passed in on a single genuine bid.Wayne Taylor<\/p>\n![\"The](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/08\/fdefe70b6cc46b290237c762c70bcf6f477d2522.jpeg\")
The largely original bathroom, complete with claw foot bath, was a charming feature.Nelson Alexander Fitzroy<\/p>\n![\"The](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/08\/05f89d5dd7cb33297b4779223e42a2d99778d441.jpeg\")
The South Yarra home features an open entertaining and dining area and a north-facing courtyard.RT Edgar StonningtonRelated Article![\"Alicia](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/08\/24d1424c774c00ac481831f3cc08e5caca07159d.jpeg\")
<\/a><\/p>\n