The Price is Right (But Not Always) The Melbourne real estate market has been making headlines lately, with last weekend's auctions producing some surprising results. A $3.
4 million Californian bungalow in Northcote sold for a whopping $49,000 above its reserve price, while a luxurious four bedroom townhouse in Bentleigh East failed to sell at auction.
The sale of the Northcote bungalow was particularly noteworthy. Sold after a "knockout" bid, this property was one of 768 scheduled to go under the hammer last week.