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.

The landmark property had lots of interest, but as a crowd gathered in the backyard complete with soccer posts, the result was not as strong as the vendors had hoped.

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.

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.