June 27, 2026 — 1:48pmA four-bedroom mid-century modern family home in Rosanna sold in post-auction negotiations for $1,415,000 on Saturday, after passing in below the bottom of the guide range.A deceased estate, 25 Millicent Street features a landscaped front yard and rear pool over 959 square metres of land. It had a price guide of $1.4 million to $1.5 million. The property had the same owner since it was built in 1949.The owner’s daughter, who did not give her name, said that when the family moved in, the house was barely built, with exposed joists between the only complete bedroom and the kitchen. It was originally one of just three on the street. At that time, milk and bread were delivered daily by horse and cart.Miles auctioneer Daniel Blythe opened with a vendor bid of $1,375,000, and offered another at $1,385,000 after a long pause.The first genuine bid was from a local family, for $1,390,000, countered by a $1000 rise from the only other active bidder.The floor-to-ceiling windows provide light-filled rooms and a full view of the mature gardens, even on a gloomy Melbourne winter day.Miles Real EstateThe home passed in after the family bid a final $1000, and sold in negotiations for its $1,415,000 reserve.“In the current climate, I was hesitant about who would and wouldn’t put their hand up,” Miles agent Emma Vivian said.“But we got it done in the end … we just have to work a bit harder at the moment.”The mid-century modern style continued throughout the property.Miles Real EstateThe property was one of 755 scheduled to go to auction in Melbourne this week.In Toorak, a three-bedroom Victorian sold for its $1.65 million reserve, as three bidders competed to get into the prestige suburb.The freestanding house at 15 May Road had been the home of an elderly vendor who was moving into care, and was ready to be updated, RT Edgar agent Jeremy Fox said. It had a price guide of $1.5 million to $1.65 million.Auctioneer Lachie Fox opened with a vendor bid of $1.5 million, kicking off genuine bids at $10,000, $5000 and $1000 increments from three active bidders.Fox declared the property on the market at $1.65 million, at which point bidding stalled and the house sold.Jeremy Fox thought the house’s presence on the street and north-facing yard, “with original outdoor toilet and laneway access”, were drawcards, but said Victorian homes in Toorak “always have been in demand, and always will be in demand”.A Victorian terrace in the heart of Carlton North sold for $1,985,000 at auction, almost half a million dollars over the advertised reserve.The modest two-bedroom home at 513 Canning Street sits on one of the inner north’s key cycle paths, and features timber floors, a study and an open-plan kitchen and living room leading onto a west-facing courtyard.Nelson Alexander Carlton lead agent Sam Carbone said the property had been advertised with its $1.5 million reserve, rather than a guide, to be transparent with potential buyers, noting the tactic had generated a lot of interest across the agency’s Melbourne offices. It was a deceased estate and last sold in 2002 for $610,000.Auctioneer Tom Roberts opened with a $1.45 million bid. Carbone said five active bidders quickly bid in increments that were “all over the place”, from $10,000 down to $1000, and back up again.With a few failed attempts at “knockout bids”, the price cleared $1.9 million before a young buyer “swept in after an underbidder had done all the work”, Carbone said, to win the day.The large paved courtyard at the rear of 513 Canning Street was a drawcard for bidders.Nelson Alexander“He threw the kitchen sink at this one,” he said.Carbone thought the market in general, especially over the past three to four weeks, had been the worst he had seen since he started as an agent in 1989.“It’s panic mode out there,” he said. “But this particular property was one out of the box.”In West Footscray, an Edwardian on a large corner block passed in without a bid, failing to sell under the hammer.The two-bedroom house at 2B Buxton Street is on 453 square metres. It has a separate garage, large front yard and an interior described as “timeworn” on the listing. It had a price guide of $900,000 to $990,000, and a reserve of $990,000.Frank Dowling agent and auctioneer Joel Campbell said he’d had interest from a couple of families who were keen to renovate, and was optimistic about a result early next week.“It will be up for sale again today for $990,000,” he said, this time under private treaty.“It’s definitely a buyer’s market,” he said, while noting he had sold another home due to go to auction this weekend midway through the campaign.“There are buyers out there; it’s just slowed ... You’ve got to do the work.”More:AuctionsProperty investmentProperty marketProperty pricesMelbourne house pricesProperty downsizingProperty upsizingHousing affordabilityProperty listingsFrom our partners