Inner west home sells $100,000 above reserve in fast and furious auction

Key points

• A young couple from Homebush bought a three-bedroom home at 9 Ingham Avenue, Five Dock, for $2.55 million at auction on Saturday. The price was $100,000 above the reserve.
• Auctioneer Ricky Briggs said consumer confidence had fallen, with fewer registered bidders and lower attendance, after the latest interest rate rise. In Marrickville, a young couple renting locally paid $981,000 for a two-bedroom apartment.
• In Sutherland, a young couple expecting their first child paid $1.88 million for a five-bedroom home with a pool.