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A stylish French Mediterranean villa-inspired residence in Brighton sold for $8.5 million after auction, and last sold for $9.5 million.

A total of 344 properties were sold via auction last week. Realestate.com.au data division Proptrack has reported 1174 local auction and private sale results in the past seven days.

A French Mediterranean-inspired Brighton house changed hands for a massive $8.5m at auction yesterday, a sum $1m lower than its last sale just 12 months ago.