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South Yarra Home Sells for $1.53 Million Below Reserve

Melbourne's Shifting Market: A Tale of Two Sales The recent sale of a South Yarra home for $1. 53 million has sparked interest among Melbourne's property enthusiasts.

The figure, while below the reserve price, is a telling sign of the city's shifting market dynamics.

As one agent noted, the vendor was "happy to meet the market," and in doing so, demonstrated a willingness to adapt to the current climate.

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