A three-bedroom, two-storey heritage apartment in Elizabeth Bay failed to sell at auction despite its Edwardian-era features and proximity to Rushcutters Bay Park.The property, listed at $2.35 million with a price guide of $2.4 million, attracted only one pre-registered bidder.Auction proceedings opened at $2.2 million, but neither the vendor bid nor subsequent bids from registered parties secured a sale.

Ray White agent Renee Cross noted the outcome exceeded expectations, highlighting the confidence gained from having two strong contenders post-auction.

The property was one of 448 scheduled for auction in Sydney, with other notable results including a one-bedroom apartment in Forest Lodge selling for $757,000 and a two-bedroom Cronulla unit fetching $1.49 million.

These examples underscore the competitive nature of the market despite winter conditions, emphasizing the importance of fair pricing and effective marketing.