Brief
Moonee Ponds renovated home sells for $2.8175 million after passing in at auction
The property, listed between $2.7 million and $2.9 million, was sold to a local upsizer after the reserve of $2.85 million was not met.
By Felo News Desk · Published
On Saturday, October 10, 2026, a renovated five‑bedroom house at 58 Vine Street in Moonee Ponds, Melbourne, passed in at auction before later selling for $2,817,500, according to the Sydney Morning Herald.
The home, featuring arched windows, a marble kitchen, a reading nook and an entertaining deck with a barbecue, had been listed with a price guide of $2.7 million to $2.9 million. The auction opened with a vendor bid of $2.6 million, followed by a genuine bid of $2.62 million. Subsequent bids rose in $20,000 increments to $2.78 million, then a $10,000 increase brought the price to $2.79 million before it stalled and the property passed in. The vendor’s reserve was $2.85 million.
After the auction, the vendors, who are relocating to Queensland, accepted a post‑auction offer of $2,817,500 from a local upsizer. The underbidder was a family seeking a larger home. Georgie Maggs of McDonald Upton, the selling agent, said the home had been renovated in the past 12 months and that the market was in a transition phase ahead of new auction rules that will require reserve prices to be published a week before auction, effective 16 October.
Maggs noted that interest‑rate rises and the rising cost of living were limiting buyer budgets and that the upcoming state election could influence market sentiment. She described the market as “patchy” but said turnkey family properties were still performing well.
Domain recorded a preliminary auction clearance rate of 58 percent for the week, based on 508 reported results, while 78 auctions were withdrawn. The Moonee Ponds sale was one of 710 properties scheduled for auction in Melbourne that week.
In a separate auction that weekend, a converted shopfront home in Yarraville sold for $1,265,000 after surpassing its reserve, illustrating varied outcomes across Melbourne’s spring auction season.
Key facts
- The Moonee Ponds house sold for $2,817,500 after passing in at auction. (smh.com.au)
- The vendor’s reserve price was $2.85 million. (smh.com.au)
- Domain reported a 58 percent preliminary auction clearance rate for the week. (smh.com.au)
- New auction rules requiring reserve price disclosure take effect on 16 October 2026. (smh.com.au)
- The property was listed with a price guide of $2.7 million to $2.9 million. (smh.com.au)
Sources
- [1] smh.com.au — originally reported as “Melbourne auctions: Moonee Ponds renovated house passes in at auction, sells after for $2,817,500”
