Would-be buyers were quite relaxed about allowing some houses and apartments within 10 kilometres of the CBD to pass in on a vendor bid, opening the way for a negotiated sale. At the same time, real estate agents warned that spring-time sellers who set “silly reserves” were being left out in the cold.
She said the reserve was $360,000, adding the property’s location and affordable price point held appeal. It features an updated bathroom but the kitchen needed work, she added. Read more