A renovated “Victorian” home in South Yarra, located across from Prahran Market, sells for $1.53 million following post-auction negotiations. All reports say the property is an updated Victorian-era house and that the sale price is reached after the auction instead of through the initial bidding. The same details are provided across outlets: a young couple are the only bidders and ultimately secure the home in the negotiations after the auction process. The coverage also states that the couple pays $20,000 below the property’s reserve price, indicating the reserve was not met in the initial auction but is effectively achieved during the subsequent discussions. With the transaction completed through these post-auction talks, the reports frame the outcome as a final negotiated sale rather than a contested auction result. No alternative buyers, competing bids, or further price changes are reported, and the information provided focuses on the location, sale amount, bidder count, and how the reserve was handled.