Even the fifth-placed house made a profit of $367,000 as the renovation TV show defied Melbourne’s weak property market.
Agents say buyers are looking to make an offer after an auction passes in, as a fear of overpaying hits during this market downturn.
The upsizers beat two other parties for the keys to the three-bedroom home with an entertaining terrace, amid a weak market.
The three-bedroom updated home neighboured a car wash, and passed in without a single genuine bid, but was snapped up within hours by first home buyers.
The apartment was offered for the first time since its conversion by Philippe Starck and architect Richard Francis-Jones more than 20 years ago.
The pop star and her guitarist husband, who wed in 2025, have splashed on a residence in a blue-chip suburb.
A home in a prestigious coastal enclave once sold by the Love Is in the Air singer for $265,500, has gone for almost $12 million at auction.
Architecturally designed homes offer many benefits, from individuality and customised layouts to functionality and responsiveness to their surroundings.
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Experts say the harbour city’s property downturn extends beyond the most expensive spots. It is creating opportunities for some.
In some spots, the cost to buy a typical house has dropped by double digits, while first home buyers are propping up the more affordable areas.
