Market Update 12th April 2022
By | 13th Apr 22

Melbourne's property market had its biggest auction weekend ever with 2000 auctions scheduled to go ahead. Melbourne's clearance rate was 75% from around 1100 reported auctions as we saw the market hold up with high volumes due to the upcoming Easter long weekend. 

Records continue to be pushed for family homes in Melbourne. A house at 3 Viewgrand Way Greensborough sold for $2,865,000 making it the second highest Greensborough sale in history. The vendors were moving to Dromana on the Peninsula as many Melbournians have done due to Covid.

Another impressive result was achieved at a house at 76 Herford Rd, Sunshine which sold for $1,602,000.  This was $402,000 above reserve even though it was on a busy through road.