Market Update
By | 25th Aug 22

The Melbourne clearance rate was 71% from 480 auctions. This is a big shift from last year where the same weekend had a clearance rate of 98% from 366 auctions. Read all of Melbournes results below.

 

A historic home sold at 344 Beach Road, Black Rock for $4,600,000 with five bidders pushing the price $200,000 over reserve. The bay views contributed to the buyer interest.

 

 

In Mount Waverly, a family home at 27 Palm Beach Crescent sold for $1,500,000. There were two bidders pushing the property price $200,000 over reserve. 

 

 

Families continue to dominate the family home market in Melbourne's outer suburbs with a big sale in Lysterfield South where a house 8 Parkside Boulevard sold for $2,062,000.