Clinker brick classic in popular school zone fails to sell at auction
A three-bedroom McKinnon home passed in at a $1.55 million vendor's bid Saturday, failing to meet its $1.645 million reserve despite a post-auction offer of $1.58 million from a developer. Melbourne's preliminary auction clearance rate improved to 60 percent from 367 results, up from 55 percent the previous week, as winter conditions dampen buyer enthusiasm across the market.
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Published 02 Aug 2026, 06:37 UTC · Updated 02 Aug 2026, 06:40 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections