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Competitive Auctions: Townhouse Sells for $1M, Burwood Home Hits $2.3M

2/7/2026

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Summary

Story summary

A townhouse at 3/201 Abbotsford Street, North Melbourne, sold at auction for $1,043,000 after bids reached the $970,000 reserve with three bidders.
A young couple outbid a downsizing couple to buy a Burwood three-bedroom for $2,303,000, well above its $1.8 million guide.
The Burwood home is at 17A Gloucester Avenue and last sold in 1997 for $330,000.
Both auctions occurred the same day, illustrating a competitive market in Australia.

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Story summary

A townhouse at 3/201 Abbotsford Street, North Melbourne, sold at auction for $1,043,000 after bids reached the $970,000 reserve with three bidders.
A young couple outbid a downsizing couple to buy a Burwood three-bedroom for $2,303,000, well above its $1.8 million guide.
The Burwood home is at 17A Gloucester Avenue and last sold in 1997 for $330,000.
Both auctions occurred the same day, illustrating a competitive market in Australia.