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You need to have this confirmed :) That will make your next move clearer. I would not be surprised - parts of Sydney have had that much in the last Qtr. Sorry I only have data for NSW.

What price would a valuer put on this property?

No, you are incorrect. If you had been the under-bidder i.e. made a bid that was below the reserve but the highest bid on the day, THEN you would have had the right to negotiate. The agent is correct No. Where are you getting this idea from? :eek: Well the property will go back on the market...