Sydney Morning Herald - Latest News
· collected 2026-09-05 · by Caroline Zielinski
A Victorian Italianate home in East Melbourne sold for $1,455,000 to two interstate buyers who fell in love with its original iron lacework and superior detailing after the property passed in at an opening bid of $1.4 million. The buyers were among three interested parties, with one unable to bid due to financial issues and another uncertain. The sale occurred as part of the spring selling market, which saw 646 properties scheduled for auction across Melbourne this week. The lead agent for the sold property advised active buyers to enter the market now to avoid waiting until prices increase by another 5% in six months.
Written by the local model on 2026-09-05,
using this article's own text rather than the other coverage of the
same event.
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Uncertain
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0 of 13 hedged
Leaning
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No political leaning scored for article 4500 · logged 2026-09-05
After passing in at an opening bid of $1.4 million, a Victorian Italianate home in East Melbourne adorned with original iron lacework sold to the same bidder for $1,455,000 in post-auction negotiations.
asserted
home → pass → negotiations
The five-bedroom house at 1091 Hoddle Street, featuring soaring ceilings, decorative plasterwork and marble fireplaces, was listed with a price guide of $1.4 to $1.5 million, with a reserve of $1.5 million.
BigginScott Richmond lead agent Andrew Crotty said while the house attracted interest from three potential buyers, one was unable to bid on the day after failing to get their finances in order, and another was uncertain.
asserted
another → feature → order
The sole bidder was two men who had moved from interstate and fallen in love with the property.
asserted
who → move → property
“They really love the house and a lot of its superior detailing and its size … and now they’re the happy owners of it, and they’ve gone away to celebrate,” Crotty said.
asserted
Crotty → love → it
The agent said active buyers should get in the market now, or risk waiting until properties increased in price by another 5 per cent in six months.
asserted
properties → say → months
“We’re seeing numbers are picking up a little bit … so get in now, particularly in that sort of $1 million to $1.2 million [market]
asserted
numbers → see → market
,” Crotty said.
asserted
Crotty → say → ?
“Last week we were noticing that about 50 per cent of the buyers that were coming through our offices were new buyers ... which means people are starting to think about entering the market.”
The property was one of 646 scheduled to go to auction in Melbourne this week, the first weekend of the spring selling market.
In the city’s west, a three-bedroom family home passed in on a vendor’s bid of $1.25 million, and will now be moved to private sale with a reserve of $1.36 million.
asserted
home → notice → million
The updated Californian bungalow at 12 Buninyong Street, Yarraville features a spacious kitchen, neat backyard and is near Yarraville Village, and had a price guide of between $1.2 million and $1.32 million.
asserted
bungalow → update → million
There is no legal requirement for a vendor’s reserve to be in line with their property’s price guide.
asserted
reserve → be → guide
Branko Lemaic from Jas Stephens Real Estate said a potential buyer showed interest in the property and came to chat after the auction, but their offer was “not quite at the level needed to put a deal together”.
“This is now a private sale moving forward at $1.36 million,” Lemaic said.
asserted
Lemaic → say → million
He said while the “general apprehension” was the “overarching theme” around the market, there was still competition for accurately priced properties.
“It’s a bit of a mixed bag overall, but deals are still happening.
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deals → say → bag
The length of time properties spend on the market is just stretching out a bit more than when the market is red-hot,” he said.
asserted
he → spend → market
