PASSED IN - $1,300,000

With the sun shining on a cool Melbourne winter day, the crowd gathered to see if this townhouse was to find a new owner. A sharp intake of breath from the crowd suggested that the $1,300,000 vendor bid tabled to start the proceedings was optimistic. Undeterred, auctioneer Matthew Young carried on with the auction, but as he had stated there was to be no referral to the vendor, his options were limited. The townhouse was passed in on the vendor bid of $1,300,000.

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