Northcote home passes in at auction for $3.5 million amid stalled negotiations

An architecturally renovated Northcote home was passed in at auction for $3.5 million on Saturday, matching the price paid by its current owners in 2021. Listing agent Sam Rigopoulos reported interest from three parties, but negotiations stalled as buyers hesitated. The property market in Melbourne remains challenging, with a preliminary clearance rate of 56 percent.

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Summary by Glance · Original reporting by Brisbane Times