Competition from two bidders pushed the inner-city property $125,000 over its reserve at auction on Saturday, as investors step back from the property market.

Competition from two bidders pushed the inner-city property $125,000 over its reserve at auction on Saturday, as investors step back from the property market.

The well-located corner block property sold in post-auction negotiations on Saturday for its reserve, as buyer confidence wanes. The vendor will stay in the suburb.