Core Insights - A tenant purchased a family home in Maribyrnong, Melbourne for AUD 1.65 million during an auction, which is located near their current rental property [1][3] - The property, a four-bedroom house at 17 Shearwater Crescent, was initially listed with a guide price of AUD 1.4 million to AUD 1.5 million [1][3] Auction Details - The auction started at AUD 1.38 million with a reserve price set at AUD 1.46 million, and the final sale price exceeded the reserve by AUD 190,000 [5] - The auction process involved over twenty rounds of bidding, indicating strong competition among buyers [5] - The successful buyer, a local tenant recently evicted by their landlord, plans to move their family into the newly purchased home [5] Market Context - The property was one of 752 scheduled for auction in Melbourne that week, with a preliminary clearance rate of 75.8% recorded by Domain Group [5] - There were 44 auctions withdrawn, which are counted as unsold properties in the clearance rate calculation [5]