Family with smart bidding tactic wins $1.79m renovated house

Key points

• A family from Williamstown bought a renovated double-fronted Victorian home in Newport for $1.79 million after auction on Saturday. The property at 32 Speight Street had a $1.8 million reserve.
• It passed in on the family's $1,735,000 bid before the sale was negotiated. Domain recorded a preliminary clearance rate of 53 per cent for the week.
• Agents said turnkey homes are selling well, while homes needing work are more difficult to sell.