The Maidstone house went up at auction, sold later for $1.276 million as nervous buyers held back
“Buyers are really waiting to see who else might be out there and what they have to offer,” Saad said. “They thought that delaying might give them a little more power in the negotiations afterwards.” The house in Melbourne’s west is one of 630 auctions scheduled across the city on Saturday. In the evening, Domain Groups recorded an initial clearance rate of 55.0 percent of the 451 reported results, while 68 auctions were cancelled. Drawn auctions are counted as unsold properties when calculating clearance levels. The Maidstone House isn’t the only one passing by and selling later on the weekend. A three-bedroom terrace at 108 Roseberry Street, Ascot Vale passed, then sold for $1.2 million in reserve after auction. Nelson Alexander Ascot Vale sales agent Josh Calendar said two bidders were competing and one made a strong bid while the other tried to slow down the process by making a $1000 bid. The property made a bid of $1.18 million, before quick negotiations. It was sold to an up