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The South Yarra home passed in at auction on Saturday for less than it might have fetched a year ago, then sold afterwards for $1.8 million. The updated three-bedroom Victorian home at 70 Moore Street attracted a crowd of more than two dozen potential buyers, but there was only one serious bidder among them. The auction was one of 268 scheduled in Melbourne on Saturday, a quiet auction day due to the long weekend and the first since the 10th straight interest rate rise last week. The double-fronted South Yarra home was listed with a price guide of $1.75 million to $1.85 million. Marshall White Stonnington auctioneer James McCormack opened proceedings by suggesting a floor price of $1.75 million and calling for offers. A young professional man with his father in tow bid $1.78 million but faced no further competition. McCormack highlighted the sought-after location to the crowd, listed examples of comparable sales to illustrate the value

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