Newport home passes in as first-home-buyer nerves show at auction - The Age

The two-bedroom home failed to get a single bid from onlookers, with interested first home buyers concerned about the state of the market.

The home, with a recently upgraded kitchen, was bought by an upgrading inner-city family. The vendors were downsizing. The auction began with a cheeky low opening bid of $3.7 million, which was topp… [+2882 chars]

full article...